what we have with the volkswagen thing is something far different. no deaths have occurred because of this, but they intentionally cheated and admitted they cheated and i think that's the major difference between this scandal and other things we've seen similar to it in the past. >> what about the price tag that they are agreeing to pay? to a certain extent, is that kind of a shot across the bow of others saying list b, learn from what's happening to us. >> absolutely. i think that's very precisely what's going on. the epa, n its a, they don't want this to happen again. they want to avoid this at all costs. these damages are very high. these are hefty fines. hefty amount of money go quite a good deal, actually, for the volkswagen owns right now. and i think as exactly as you describeded it, it's a shot across the b manufacturers. very quickly in the few seconds we have left, the pending criminal investigation. that is another chapter, is it not? it is and it's a big issue because there has been kind of admission by the highest level of volkswagen of

fernando: volkswagen deberÁ ofrecer precios justos. es acusada de que sus modelos -- varios de sus modelos daban la impresiÓn de tener menos emisiones en exÁmenes, pero que emitÍan 40 veces el nivel tÓxico permitido. el gobierno anunciÓ que los dueÑos de esos vehÍculos tendrÁn la opciÓn de que volkswagen las que comprÉ le cara. >> -- les dÉ compre el carro. >> son las dos opciones. tambiÉn de la persona que tiene una contrato puede cancelar ese contrato. fernando: volkswagen dice que el acuerdo es un paso correcto. una organizaciÓn ambientalista dice que el trato bueno para la poblaciÓn latina. >> son mÁs de 5000 millones dÓlares que se van a destinar a mitigar el daÑo que sigue encausando estos carros defectuosos. no sÓlo eso, qu la mitad de este dinero se va destinada la adquisiciÓn de vehÍculos de emisiones cero y sustituir a camiones y carros de motor diesel. fernando: este acuerdo podrÍa ser mucho mayor, ya que los abogados se encuentran negociando potenciales negociaciones para los dueÑos de otros 80000 veh�

volkswagen c.e.o. matthias muller releases a statement: volkswagen may still face criminal charges from the d.o.j. for violating the clean air act. charlie. >> thanks, demarco. we have a list of the volkswagen models affected by this at cbsnews.com. hall of fame college basketball coach pat summitt died today at 64. her career was cut short by alzheimer's disease. in 38 seasons, summitt won eight national titles and 1,098 games, more than any other coach, male or female. dana jacobson of cbs sports looks back. >> right there! >> reporter: few coaches of any gender in any sport were as intense as pat summitt. >> three seconds! somebody count! >> reporter: vocal to be sure, but she could just as easily send shudders through a player without saying a word. and that was on the good days. >> what happens when i lose? oh! you don't want to be around me. >> reporter: an all-american at tennessee martin, summitt was cocaptain of the 1976 silver medal olympic team. she was a graduate assistant at tennessee when

under the deal, volkswagen will spend $14.7 billion for deliberately cheating on emission tests. $10 billion will go toward buying back effected cars. they will offer owners up to $10,000 per car in compensation. in california the settlement will promote and develop zero emission vehicles and charging stations. for more now we go to wayne freedman who is live in oakland. wayne? >> reporter: and yet here in california, consumers still are not happy. california played a large role in this negotiation. first of all, due to the size of the state. it is the world's sixth largest economy. 70,000 of those suspect cars were sold here. and then there is the fact that it -- when it comes to environmental regulations, california sets emission standards. if you drive a volkswagen with a diesel logia, you heard the announcement this morning. >> it is the largest settlement ever with a automaker and the largest settlement ever in the context of the clean air act. >> reporter: settlements from volkswagen totaling $14.7 billion after an independent investigation revealed that the car company had rig

volkswagen agreeing to pay nearly $15 million to settle the case. nearly half a million americans are set for a major payday. >> how animated uz movies are giving children with autism a brand new voice. >> first, here's a look at today's temperatures. children with autism a brand new voice. >> first, here's a look at today's temperatures. giving chi brand new voice. >> first, here's a look at today's temperatures. ialmost everything. you know, ke 1 i n 10 houses could get hit by an expensive septic disaster. but for only $7 a month, rid-x helps break down waste. avoid a septic disaster with rid-x. alright kiddos! everybody off the backpack, we made it to the ottoman. i like to watch them clean, but they'll never get me on the mattress! finally there's a disinfectant mist designed for sofas, mattresses and more. introducing new lysol max cover. its innovative cap has a 2x wider spray that kills 99.9% of bacteria. max cover is another great way to lysol that. new luminous lig

volkswagen c.e.o. matthias muller released a statement: volkswagen may still face criminal charges from the d.o.j. for violating the clean air act. charlie? >> rose: thanks, demarco. we have a list of the volkswagen models affected by this at cbsnews.com. tonight, federal investigators are in the town of panhandle, texas, trying to find out why two freight trains were on the same track, speeding towards each other. according to one eyewitness, the crash that followed shook the ground beneath her feet. here's kris van cleave. >> reporter: just after 8:20 this morning, two b.n.s.f. freight trains collided head on. the locomotives driving the two trains caught fire, sending these huge plumes of black smoke over panhandle, texas, outside of amarillo. each freight train had an engineer and conductor on board. can buesing from the texas department of public safety: >> one person was transported by e.m.s. to a hospital in amarillo. we still have three people unaccounted for, and unfortunately we do fear they

a subtle change puts a dovish .utlook volkswagen faces investors. the people get their say in the first ag m since the emissions scandal. will shareholders grab the wheel? than 24 hours away. the polls will be open this time tomorrow. it is getting quite exciting. matt miller wants to amp up the story. caroline: he is american. he can look with interest. guy: we are british and reserved, but nevertheless, the financial markets are not feeling reserved. the bounce we have seen over the past couple days has been sensational, and today, it looks like we are going to carry on. for the euro stocks, it's called up another 1%. it was up 0.8% yesterday. european market pretty much across the board are up 0.8%. the remain bounce is very much intact this morning. caroline: it's being played out in the fx market. we are seeing the pound, one of the best performers, currently thing percent. on the flipside, you are seeing money going to the young. is this a haven trade? yellen sounded all the more dovish yesterday, of course coming out yesterday with her testim

volkswagen es acusada de que sus modelos daban la impresiÓn de tener menos emisiones en exÁmenes, lo que en realidad envÍan mÁs de 40 veces el nivel tÓxico permitido. la investigaciÓn continÚa, el gobierno anunciÓ que los dueÑos de esos vehÍculos tendrÁn opciÓn de que volkswagen les recompra el carro. la otra > si hay una modificaciÓn que se puede quizÁs puedan quedarse con el carro pero son dos opciones. la persona que tiene un contrato tambiÉn puede entrar en acciÓn de cancelar el contrato fernando: volkswagen dice que el acuerdo es un paso correcto. el acuerdo es una para la comunidad segÚn la organizaciÓn ambientalista. > mÁs de 5 millones de dÓlares se van a destinar a mitigar el daÑo que siguen causando estos carros defectuosos. no solamente eso sino que la mitad de ese dinero se va destinar a la adquisiciÓn de vehÍculos de emisiones cero y sustituir a camiones y carros y camionetas de motor diesel. fernando: este acuerdo podrÍa llegar a ser mucho mayor ya que los abogados se encuentran negociando potenciales compensaciones para los sueÑos de otros 80.000

at volkswagen doors have opened up. readiness for change has grown variably. >> reporter: muller laid out vw's plan for how it will change between now and 2025. first, more electric vehicles. in fact, the company hopes to sell 2 million to 3 million annually by 2025. meanwhile, vw will push mobility solutions like car-sharing and ride services. finally, there will be a focus on sustained profits. but more importantly, volkswagen is no longer proclaiming it will become the world's largest automaker, a goal it embraced for years. critics blame that ambition as one reason vw executives lied about diesel emissions rather than deal with an issue that could have slowed sales. volkswagen is still a long ways from getting past the diesel emissions scandal. in the next week it is expected to finalize dals for how almost 600,000 volkswagen owners will be compensated for having defective diesel models. after that, it will take months to settle those claims. phil lebeau, "nightly business report," chicago. >>> a surge in sales in o

assess and look again at the investment in volkswagen. anna: vw, hans, it is a business that wants to move on. it is trying to move on. it may be too son. they're trying to turn the page and look to technology, to the new wave of vehicles around much more efficient vehicles and hybrids and the like. are they on the right track in terms of the overall strategy for the business? is it right for you and the shareholders you represent? hans: it certainly talking about the right industries, talking about efficiencies, electric cars, autonomous driving, digitalization of batteries. they make all the right noises and talking the right topics. but you don't really have the details to assess the new strategy, strategy 2025. a very high level at that point, but nothing on the details. i think that is probably the next point in the autumn. hirt,hans christoph co-ceo of hermes. manus, let us talk about the odds of a brexit, 26%. it was as high as the mid 40's last week. anna, i have the bloomberg pound index. we just launched it today. of course, thi

>> about a third. >> as a volkswagen dolor, many of these car --/o! dealers, man are diesel and some are brand-new.hmñ yesterday's $14.8 billion settlement begins to address the issue of fixing them but don't expect it to come easily, not with 71,000 cars in california alone. fixes might begin in late fall but dealers still await details. so do customers. >> volkswagen is an emotional and passionate brand and so we had people who felt like that betrayal of the'c brand was th ultimate betrayal. >> but on the scale of recalls, volkswagen diesel gate is not the biggest problem. >> when is the last time you saw this many cars that you couldn't sell? >> never. >> reporter: michael runs field repairs for the nine dealerships and needs to replace takata airbags. millions have been recalled 'dd that is why more than volkswagens fill this lot. there are no parts or enough technicians to do the repairs. >> it is devastating. it will take us to work out of this, at least five ñryears. at the current rate. >> reporter: five years of cars gathering dust and log

the volkswagen factory is a great example. the two countries are also linked through their cultural heritage. this exhibition showing works by the journal -- german medieval painter kamek is one of the highlights. at the center of the relations is the eu sanctions against russia, implemented in -- because of russia's support of annexing green -- ukraine. how important is this too young russians and germans? >> one can't really say right now that the political situation in russia is especially bad or good. we want to focus on interpersonal relationships, not engaged in politics. >> even though many people put germany in a bad light right now , i think that inwardly many people still believe that this country is our friend. reporter: and to make sure this friendship last, it is especially important young people from both countries have every opportunity of getting to know each other better, like leah and gabor. brent: the former u.s. house speaker dennis hastert has reported to prison in the state of minnesota. he will serve a 1

lo cual era lo contrario. >>> volkswagen tiene que arreglar estos carros. es una conspiraciÓn enorme de parte de esta compaÑÍa. >>> los vibehÍculos afectados d 2009 a 2015 con motores diesel de 2 litros. >>> volkswagen, jeta, pasado. >>> la primera opciÓn es la recompra de un carro, o la terminaciÓn de anticipado del encontrado de lee cinco la segunda es modificar las emisiones y mejorarlas. >>> los propietarios de los vehÍculos afectados pueden recibir entre 5 a 10.000 dÓlares en efectivo. >>> eventualmente concesionarias como esta, van a recibir los vehÍculos que son parte del escÁndalo en su mayorÍa el error puede ser arreglado 2 horas. dependiendo del tipo de computadora que tenga su vehÍculo. >>> compensara a sus clientes y remediar cualquier impacto m a ambiental creado por su falta. >>> en new york, rebeca smith, noticias telemundo >>> para mÁs informaciÓn sobre este acuerdo y si su auto estÁ en la lista de lo afectados visite nuestra pÁgina de internet noticias telemundo.com. >>> sale a la luz las fall grafÍas de las situaciones dep

automaker admitted to installing a defeat device, in 11 million volkswagen and audi diesel vehicles worldwide. the software senses when a vehicle is undergoing emissions tests and reduces the pollutants being released. but when driven, the epa found levels up to 40 times above acceptable standards. volkswagen owners like steve abernathy weho almost $8,000 overnight. >> if a judge approves the settlement, vw will pay $10 billion to buy back, cancel leases or fix nearly a half million vehicles in the u.s. >> people who took the buyout are expected to get anywhere from five to $10,000. >> volkswagen will also have to pay nearly $5 billion for environmental fines and towards emissions research. >> this does not resolve the issue for vw. the company still faces billions more in fines and penalties. >> our criminal investigation is active, and ongoing. >> government leaders say it is expected to take years to get all of the affected cars off the road. don champion, cbs news, dallas. >> there is currently no fix in place for vw owne, the settlement also does not cover pending claims, for p

volkswagen opening higher. this is even after the price attack to settle lawsuits in the than $15jumped to more billion. that is $5 billion more than previously reported. guy: thank you very much indeed. michael mccarthy -- metcalfe is still with us. michael, what is the equity market going to take its cues from? back.nks are bouncing day, theit to a five numbers look completely different. .ome of it is currency give us a sense of where equities are going to position themselves? how are they going to follow the news? are they going to be active? proactive? michael: fundamentals the not change in the last week. i think the thing that could have contagion from financial markets there were quickly is the banking sector. the sector is key that we get some stabilization. the question is whether that stabilization needs more promises from policymakers are not. maybe we get the bounce because it is a little bit oversold. it is important that we get reassuring words from the bank of england, reassuring words from dragh

daniel: i was hoping to give you some positive news on volkswagen but not yet. martin winterkorn is being formerly investigated. he is suspected of having held back information over cars rigged to cheat on diesel emissions test. >> state prosecutors want to know when martin winterkorn and the rest of the board knew about the diesel emissions scandal and if they informed shareholders properly. they're looking into the possibility that board members and deleted markets by withholding the information, the overtly misleading investors and markets about the scandal's potential up next. on september 21, 2015, volkswagen admitted in a press release it had rigged me -- millions of diesel engines with cheat software. volkswagen's share price plummeted immediately. >> there was a suspicion the market was manipulated and respect to both like us stocks by a breach of the requirements for companies. our own investigations and documents held by the financial regulator, suggest this obligation existedt an earlier time and may not have been adhered to. reporter: the pro comes j

was the chief executive of volkswagen speaking. let's talk you through some other stories we are watching for you. higher ontesla are wall street this session following news that the electric carmaker has offered to buy a solar panel maker to the tune of $8.2 billion. tesla founder elon musk is the chairman of both of these and he says the deal would create a one-stop shop for cleaner energy . investors seem unconvinced. mitsubishi motors is expecting to report a full-year loss in eight years. the japanese carmaker is forecasting a loss to the tune of 1.2 billion euros for the year that ended in march. it follows the revelation that the company has falsified fuel economy data on a japanese cars for the past decade. mitsubishi has said it will spend hundreds of millions to compensate affected car owners. qatari investment fund is buying a french fashion house. the terms of the deal, including the value from have not been disclosed. sources close to the matter told reuters that the investment fund was ready to pay 460 million euros.

also tonight, volkswagen cheated on emissions tests. now, it is paying one of the biggest settlements in u.s. history. >> it marks a significant first step toward holding volkswagen accountable. >> rose: it is a race against time as rescuers try to save a blue whale tangled in fishing line. >> here he comes again! >> rose: and we'll remember pat summitt, a pioneer in women's basketball. >> three seconds! somebody count! >> rose: ...whose icy stare willed her players to

jackie ward reports from san francisco. >> reporter: it's time for volkswagen to pay up. they will now give each affected driver $5,000 to $10,000 and they will be paying close to $15 billion to settle consumer lawsuits. volkswagen did admit that the 2- liter diesels were programmed to turn on emissions controls during the government lab test and then off while they were on the road. there is no way to fix the cars according to court documents to bring them into compliance with u.s. regulations so that's why as part of the settlement volkswagen has to buy back all the nearly half million cars affected. if you want to keep it you can have the car modified only if vw proposes a modification that meets stringent criteria. the state attorney general kamala harris called it a landmark deal. >> the way that i think about this case is that in essence vw cheated on the test and got caught. essentially what they were doing on a daily basis is flunking california's high standards every day. they got caught. >> reporter: volkswagen will spend $4.7 billion for environmental projects

rÉcord de mÁs de 15.000 millones de dÓlares en compensaciones deberÁ pagar volkswagen tras demandas de 44 estados y una investigaciÓn federal, el departamento de justicia, la agencia de protecciÓn ambiental anunciaron que 10.000 millones serÁn para los dueÑos de automÓviles afectados. ♪ ♪ >> son casi 500.000 vehÍculos diesel, volkswagen deberÁ ofrecer precios justos, sin costo alguno dicen que sus modelos daban la impresiÓn de dar menos en exÁmenes lo que realidad emitÍan 40 veces el nivel tÓxico permitido aunque la investigaciÓn continÚa, de todas formas se aprobÓ que a los dueÑos de estos carros volkswagen estÁ obligado a recomprarlos, en caso de que el dueÑo lo requiera. >> una organizaciÓn ambientalista dice que el acuerdo es bueno para la comunidad latina impactada por la contaminaciÓn. >> son mÁs de 5000 millones de dÓlares que se van a destinar para arreglarlos daÑos que estÁn causando en el aire estos autos defectuosos. >> este acuerdo ha batido todos los rÉcords y podrÍa ser mucho mayor de que los abogados se encuentran negociando potenciales ne

and volkswagen is still the subject of a criminal investigation. george? >> so, that is not over yet. linsey, thank you. >>> vw is maybe the biggest standards violation in history, but the biggest safety violation in history belongs to takata, and tonight, its chief executive is offering to step down. he is the grandson of the company's founder. shares in the company have fallen 72% in a year. takata's defective airbags have been linked to 14 deaths and led to the recall of 60 million vehicles in the u.s., tens of millions worldwide. >>> much more ahead on "world news tonight" this tuesday. rescue at sea. the all-out effort to save a 70-foot blue whale tangled in fishing line. rescuers hoping to cut it free if they can find it first. >>> the dramatic arrest caught on camera with a twist. the suspect tries to outrun a police helicopter. >>> and celebrating a pioneer. pat summitt, the winningest coach in college basketball, inspired generations of athletes with her determination and spirit. with usaa is awesome. homeowners insurance life insurance automobile

. >>> volkswagen has agreed to pay $15 million. half a million american owners will get some of that money. so will every state in the nation. abc's linsey davis explains. >> reporter: their ads touted how clean their diesel cars were. >> see how clean it is? >> reporter: tonight, we know that it was all a lie. and now volkswagen is paying up to the tune of $14.7 billion for rigging cars to cheat on emissions tests, allowing them to pollute up to 40 times more than allowed by the epa. >> volkswagen turned over half a million american drivers into unwitting accomplices in an unprecedented assault on our country's environment. >> reporter: the proposed settle sment means vw will pay $10 billion to buy back up to 475,000 2009 to 2015 volkswagens and audis. owners like lisa dropkin will get whatever their car was worth before the emissions scandal plus cash ranging from $5,100 to $10,000. >> i think that it sends more of a message to this company, and to other car companies, that consumers really don't want to put up with lying like th

a total of $15 billion, installing software to volkswagen and audi to cheat during emissions tests. authorities say they admitted as much as the times the amount of gluten permitted by federal law by terms of settlement agreed to by volkswagen and vehicle owners in the us justice department, there are two options to buyers of eligible diesel powered vehicles to buy back the car at a prescheduled place and the emission system repaired and recharged. no matter what option the owners choose they will also get an additional payment ranging from $5100 depending on the model car. volkswagen could pay $10 billion, the company will also pay an additional $4.7 billion to cover environmental damage 40 emission vehicles. by this settlement, volkswagen's problems are not over. >> settlements did not address potential criminal liability although i can assure you criminal investigation is active and ongoing. >> proposed civil settlements must be approved before a federal judge before it is enacted. the ceo says in a news release, quote, we know we have a great deal of work to do to earn back the

. >> a huge pay back for some who own volkswagen. the settlement is expected in san francisco federal court that would see them paying $15 billion to settle a diesel emissions scandal. under the terms of the agreement volkswagen would buy back cars at prescandal prices and compensate owners up to $10,000 a car and pay $2.7 billion in fines to the federal government and the state of california. the scandal surfaced last year when federal investigators found they installed software in the cars that tricked emission tests. >> the city of san francisco has long flown money at the homeless problem through various organizations but now the board of supervises could try to put them under one department. the pardon will discuss legislation creating a department of homelessness and supportive housing and will distribute $241 million in 400 contracts with 76 private organizations to provide services for the homeless with no overriding organization. >> also, at the meeting the board will consider a proposal to get out of investments in the fire

volkswagen says the current ceo has lurnd from mistakes. >> at volkswagen doors have opened up. the readiness for change has grown considerably. >> muller laid out vw's plan for how it will change between now and 2025. first, more electric vehicles. in fact the company hopes to sell 2 to 3 million annually by 2025. meanwhile vw will push mobility solution likes car sharing and ride services. and finally a focus on sustained profits. but more importantly volkswagen is no longer proclaiming it will become the world's largest auto maker. a goal it embraced for years. critics claim that ambition as one reason vw executives lied about emission, rather than deal with an issue that could have slowed sales. >> volkswagen is a long ways from getting past the diesel emission scandal. in the next week they are expected to finalize details for exactly how much compensation, nearly 600,000 owners will receive here in the united states for their defective diesel models. and after that it will take months to settle those claims. that is the story from here in the united states. >>> investigati

. >> thankskr& and volkswagen record breaking settlementqe n.e. mission scandal. how much money car owner cost expect to get. 7 news at 9: people love my portobello mushroom buttery jack, made with portobello mushrooms, grilled onions, and garlic herb butter. ever wonder how i came up with it? well... actually, i came up with it at the water cooler. but i thought you'd like this cowboy story better. the portobello mushroom buttery jack is back. part of the buttery jack family. taste it before it's gone. is. >> you are looking at the mess road crew had to clean up near calistoga. the driver told the highway patrol his brakes failed. truck also hit a stopped pick up. both drivers suffered minor injuries. chp plans to inspect the brake on the dump truck. >> deescalation. concept getting new emphasis in the trying of police officers in san francisco. here's vic lee. >>reporter: scenario. woman tells police there's a man armed with a knife in a tree. >> sir just drop the knife okay. >>reporter: cop talk ins a firm but low montone trying not to aggravate him. it works.

if you look what volkswagen offers to buy back the cars. you would not have gotten that price that they might be offering now. it is a pretty heavy price so they had to offer something to put this case here. >> we just heard in the report that there might be more financial trouble ahead. what is the country looking at? >> this is an important step. it will take a couple of weeks before the judge in california improves to the agreement. there is still about 40 u.s. state having their own investigation. they will be looking into leasing agreements. more cases are pending but this is the big one. what it really comes down to for the future is to rebuild the reputation and regain trust of consumers. we will see how fast that is being rebuilt in the next couple of months. >> the european commission says it wide ranging free freight drill -- trade drill should not be put up for approval. the deal is a mixed agreement meaning they would have to push the deal through their parliaments. that would most likely delayed approval. they approve of proced

we have reached out to volkswagen, have not heard back from volkswagen. and finally i want to share what we think is an interesting chart here. it's volkswagen versus general motors versus toyota. you consider these the three big scandals in the last decade, and what these stocks have done in the last year clearly volkswagen is feeling the most pain since it's the most recent scandal. i mention the value of the buybacks. guy, how much do you think you're going to get if you have a 2010 jetta sports wagon, how much can the owner expect to get with 90,000 miles. >> 2010 with 90,000 miles, probably retail for $35,000 -- >> eight grand. >> yeah, eight to ten. >> they're expecting to get between $14,700 and $16,600. >> sold. sold to you. >> let's pick a more recent one. go with a 2015 jetta sedan, 22,800 to 26,400. >> that's more than resale market. >> yes. a lot more money than people were expecting. >> that's a lot more. that's high, man. >> yeah. >> could i sell a few cars back to volkswagen? they're not volkswagens, but -- >> make me an offer on my car. >>

also tonight, volkswagen cheated on emissions tests. now, it is paying one of the biggest settlements in u.s. history. >> it marks aig scanifint first step toward holding volkswagen accountable. >> rose: it is a race against time as rescuers try to save a blue whale tangled in fishing line. >> here he comes again! disploaz and we'll remember pat summitt, a pioneer in women's basketball. >> three seconds! somebody count! >> rose: whose icy stare willed her players to

as we've been reporting, volkswagen diesel owners can sell their car back to volkswagen or have it repaired. >>> and chipotle is start a customer loyalty program. it's called chiptopia. it's an effort to lure back customers lost during several health-related issues. it starts friday and runs for three months. you have to spend $6 to earn credit. it resets every month. if you buy entrees every month you reach the hot status. and if you get that ever three months, you earn catering for $340. >> that's a lot of burritos. >> yeah. it's a bit complicated but if you love your chipotles, you're going to earn it. you get there and you get a catering, let me know. >> all right. i will. jill wagner at the new york stock exchange, thanks a lot, jill. >>> coming up, soccer stunner, england suffers what's described as one of the greatest upsets in sports history. stunner, england survives what is considered one of the greatest upsets in sports history. in our house, imagination runs wild. but at my table, i keep the food real. like country crock's recipe made with real simple ingredients. and no artific

that ise of the things important to point out is that although profit fell at volkswagen i-86 percent, they still make a ton of money in their other businesses. audihave a 9% return at with 17% return at porsche. -- profit fell at both sweig and by 86% -- profit fell at volkswagen by 86%. digitalname for automotive apps like uber, they just made a $300 million competitorin an uber and a hope to get a lot more revenue from this kind of business. if you matthias mueller wasn't worried about any kind of cannibalization. abouthe wasn't worried any kind of cannibalization. this is not -- this is what classic carmakers have to get used to. over the next five to 10 years, we will earn money from the business. we want to change and become a supplier of mobility. in this case, it is necessary to open up these business fields, andgnize profit goals generate revenues using and offering these mobility services. in a couple weeks, they will come out and give us their big strategy plan from now until 2025. hopefully we will get more specifics on what kinds of returns they expect, how much more mone

volkswagen may face criminal charges from the d.o.j. for violating the clean air act. charlie. >> thank you, demarco. awe we have a list of the volkswagen models affected by this at cbsnews.com. >>> hall of fame college basketball coach, pat summitt, died today at 64. her career was cut short by alzheimers disease. in 38 seasons, summitt won eight national titles and 1,098 games. more than any other coach, male or female. dana jacobson of cbs sports looks back. >> right there! >> reporter: few coaches of any gender in any sport were as intense as pat summittt. >> 3 second. somebody count! >> reporter: vocal for sure. she could just without saying a word. that was on the good days. >> what happens when i lose? you don't want to be around me. >> reporter: summitt was co-captain of the silver medal olympic team. graduate assistant at ten see when the head coach suddenly quit, and summitt was handed the job at age of 22. >> i didn't know what i was doing. >> reporter: back then, summitt made $250 a month and held donut sales to buy uniforms. she had to fight for funding bu

fedel officials say that voeks wag -- volkswagen. >> they turned a half million drivers into unwhited accomplices d assault on our country's environment. >> volkswagen has not announced how they plan to fix the cars, if they can. a criminal investigation is still underway. this does not include what will happen th other diesel vehicles. >>> ikea recalling 29 million chestsnd dressers in the united states follg the deaths of sixed to -- toddlers. and one victim was curran collas inn 2014 when he was pinned under addresser. >> send it back, get rid of it, it's dangerous. it a real highway drous o. and i don't warrant to see it in any homes. i d't want this to happen to any other family. >> the consumer products safety commission says people can cont ia for either a full refund or wan. >>> campaign news. donald trump promised to install and he said that bill and hillary clinton were blamed for terrible trade deals that affected the u.s. economy. and the chambers of commerce said that trump's plans bring in. >>> and the deadly attacked in benghazi. a fou americans killed. it detailed mist

.>>> we have learned volkswagen has agreed to pay nearly 15 volkswagen has agreed to pay nearly $15 billion to settle claims from its omission cheating scandal. this impacts owners of half 1 million volkswagen vehicles. it could mean up to $10,000 each. terms of the settlement are expected to be judge tomorrow.>>> coming up, a federal lawsuit in virginia breeds -- breathes new life into their effort to stop donald trump before the convention. we will check on the delegates next.>>> a poster on how to be cool at the pool is being called super racist. tonight, an apology from the red cross.>>> look at this. the cowboys rioted in new york city and ends up with a ticket. the story behind the man, his horse, and >>> tonight, virginia lawsuit is breathing new life into the efforts of blocking donald trump. >> a winchester delegate is now suing to defend his right not to vote for trump at the convention. this has other delegates continued to distance themselves from the presumptive nominee. >> reporter: this starts with a brand-new wall street journal and nbc new poll that shows only 45% of republ

government have given more time to file settlement proposals in the volkswagen emissions scandal. a judge side of the highly technical nature of the negotiations. the new deadline for draft agreement has been set for june is and comes as the ceo delivering a new strategy later this morning. investigators say they have found a main wreck site of 804 witchcraft with 66 people on board. egypt's aviation ministry says a search has gotten images, did not specify the location. global news 24 hours a day, powered by 2400 journalists in around the50 bureaus world. you can find more stories in the bloomberg top . anna: thank you very much. let us check out alive markets in the asian session. david ingles is standing by. a report on global angst and yesterday session, david we are feeling it once again today. the sellingi think is picking up at the moment. but before i forget, it is just after lunch in hong kong. :30 is when we get the press conference up and running. we will really wait for more lines from the boj, why they chose to wait, why they cannot do any thing at the moment. bec

alison: plus, a record $15 billion settlement for volkswagen. what owners need to know to collect cash from leon: the complicated return for former d.c. delegate and civil rights leader. why walter fauntroy was jailed and what it took to get him free. alison: first, though, how basketball coaching legend pat summitt is being remembered for the changes she made far from the basketball court. scott: breaking news update from the news room at the attack at the the atatÜrk airport. 28 people have died. we have been reporting that there were ten deaths and 60-plus injuries. we now have confirmation that 28 people have died. there is also video that has been accessed from inside the terminal. showing the moment of the explosion. you see it right there. dramatic images caught here on television. as at least one of those bombs went off insde atatÜrk airport. keep in mind this is very busy, the third busiest airport in all of europe behind london people killed. 60-plus injured in what appeared to be a couple of suicide attacks. one of the attackers ope

i want to reiterate volkswagen news. it will pay up to $7,000 to customers and fund the grant program under a $10 billion settlement be negotiated for submission to a federal judge suite. this is according to people familiar with the talks. this is a key authority for regulators looking to undo the carse of 482,000 diesel nitrogen oxide. volkswagen is not it able to repair all of the cars to the satisfaction of the epa. vt the news we are hearing, a part of awners $10 billion settlement. vonnie, just to reiterate that new supreme court news. vonnie: it was president obama's executive order for immigration that would allow 4 million immigrants to stay in the country and avoid deportation. we have an opinion from the supreme court and it is a 4-4 split and it is killing the executive order. the immigration plan has now been blocked. a 4-4 split means the lower stands -- ruling stands. we will have more on that in our next hour. you are watching "bloomberg markets." ♪ ♪ mark: this is "bloomberg markets." i'm mark barton

mark: volkswagen is said to be diesel cars. its the company agreed to fund a grant program to offset air pollution. we will have details on the latest plans from berlin this hour. vonnie: it is 90 minutes into the trading day. julie hyman has been monitoring the moves. julie: it is risk on sentiments we have seen in the market today in the u.s. and europe. all three major averages are higher. the s&p back above 2100, and the breadth is broad today. we have 443 stocks in the s&p 500 that are higher at the moment. only utilities down. everything else was in the green. financials, energy all up by at least 1% today. on the list. that is after the ceo terry lundgren said he will be stepping down. president of the company jeff jeanette will be taking over not until the first quarter of 2017. lundgren will remain executive chairman after the transition. here on chart bloomberg. if a stock is risen about 150% under his tenure, although it has had some considerable ups and downs, mostly downs as we have seen a downturn and retail broad

> developing tonight,ev volkswagen will pay out as muchh as 15 billion-dollar after theio auton- maker admitted it cheated on us diesel emission tests fors years. as part of a settlement, the auto maker agreed to either buyback or repair nearly half af million vehicle also and provide funding that could benefit maitkers of cleaner technologie. fox's jeff flock has the details. volkswagen deliberate cheating on emissions tests could cost a record $14.7 billion.re what this settlement will do, however, is provide important relief for consume who are theh victims here.ere. > the german auto maker agreede to the payout to resolve a class action lawsuit. it charged that vw installed software designed to cheato during emissions tests. this is n this and we have apologized fori our actions.ions of course we need to offer our customers an appropriate compensation. > eligible owners will be given options. vw will either buyback the carhe or terminate the lease or have the car's emission system repaired free of charge. i do think the regulators volkswagen turned over half a million america