loretta lynch $4.3 million cement with volkswagen. -- settlement by volkswagen. >> good afternoon, everyone and let me thank you all for being here this afternoon. i'm joined today by a group of people who represent the outstanding cooperative work and efforts that led to the results that will we are now seeing this afternoon. the deputy attorney he general sally yates, no better leader and friend could an ag have. leslie caldwell, john cruden, ben lisner, barbara mcquaid, andrew department of homeland security russell deo. customer and border protections kevin mclenan. i'm not sure there's a portion of the country that i've left out. but we are here today to announce a number of significant developments in the federal government's ongoing investigation into volkswagen's attempts to dodge emission standards and import falsely certified vehicles into this country. an egregious violations of our environmental protections and financial laws. now for years volkswagen he advertised its vehicles as complying with federal antipollution measures, calling them clean disease wille but our investigati

to be clear, volkswagen new of these problems and when regulators expressed concern, volkswagen obfuscated, denied, and ultimately lied. >> the announcement means there will be more turmoil at volkswagen. six employees had been indicted by a grand jury. and they will be held responsible for any crimes they may have committed. kristof: he is an automotive expert. welcome to the show. >> there a are a few civil casas looming, but the big stuff is behind him, so to speak. kristof: $4.3 billion. earlier, vw were solving claims with regulators, dealers, and customers. is thahat manageable? >> absolutelely. it's a bit more than theyey putt aside for thisis but for a compy the size of volkswagen, it is definitely manageable. kristof: can we draw lessons from this settlement? >> not really. the legal systemem is very difffferent. wewe know the u.s. is the most troublbling territory in terms f legal cases.s. things will not get close to these kind of amounts in europe. >> what are the problems vw is facing? >> i t think it has more to do withth p publicity and it t is f carrying onn ? volkswagen ca

our other main stories this hour: volkswagen agrees to plead guilty to criminal charges in the us and to pay one of the biggest fines ever for disguising emissions from its diesel cars. and an island divided — as international talks take place to end the partition of cyprus — we'll see what the future may hold through the eyes of young cypriots. i'm sally bundock. in business, from boardroom chief to commander in chief. trump hands control of his business empire to his sons. but ethical questions will remain for america's richest ever president. plus — "i apologize to the south korean people". samsung boss jay y lee is questioned in a growing corruption scandal donald trump has angrily denied suggestions he may be vulnerable to blackmail by russia. the week before he enters the white house as the 45th president of the united states, mr trump held his first news conference in six months. in it, he admitted for the first time that he thought it was russia who had hacked the presidential campaign, and he also suggested us intelligence agencies may have leaked an unsubstantiated rep

volkswagen is pleading guilty to three felony. conspiracy to defraud the us state, to commit wire fraud and to violate the clean air act. obstruction of justice and importation of goods by false statement. the final $3.4 billion eases the biggest ever levied by the us government against thekm i have. volkswagen has already agreed to a $15 billion civil settle m e nt agreed to a $15 billion civil settlement and worldwide over 11 million vehicles involved in scandal. the us attorney general says that vw lied to cover up of its actions. hundreds of thousands of ca i’s actions. hundreds of thousands of cars that volkswagen sold in the united states were pumping illegal levels of much an ox —— nitrogen oxide into our atmosphere. what is more, these vehicles were equipped with software that masked the true amount of the pollutants that the car is released. it looks as though us regulators are far from finished. six executives have been formally charged with conspiracy. translation: if it does come out that management was informed

fca and thenk volkswagen diesel situations were found in the same way. the epa actually found what they think is a problem with chrysler. mark: we were talking last week about the plan to pay down debt and reach various targets by the time he retires. a damper on the works if this is true? david: absolutely. we are talking in volkswagen's case, over 23 billion bill -- $23 billion. the question is how many consumers in a to buy out or fixed vehicles for. it would be probably a lesser bill, but still quite a bit of expense. vonnie: our thanks to david welsh. still waiting on a comment to bloomberg from fiat chrysler. shares are down 16% and halted. courtney donohoe has more. theresa may will make a speech on her approach to brexit next tuesday, according to her spokeswoman. she has been under pressure to lay out her strategy for triggering the formal negotiations. senate republicans have cleared their first big hurdle to appeal obamacare. they attached a measure to a budget resolution which would allow them to repeal much of the affordable care act without

carmaker -- n volkswagen has declined to confirm or deny that report. let's check in on the stock market. european markets rebounded from thursday's losses. not far behind. runrecord-breaking stretched out to a 12th session in a row. over on wall street, the nasdaq has hit another record high. dow jones has turned negative, just under the flatline there. a busy day at trump char, meeting -- trump tower. makes the fighter jet which is a mainstay of the u.s. military. on friday, marilyn houston, the chief executive, says a compromise might be -- and she announced more hiring. >> we are close to radio which will bring the clock down significantly. being -- going to bring a lot of jobs. we're going to increase our jobs in fort worth by 1800. when you think about the supply chain, it is going to be thousands and thousands of jobs. >> the latest chief executive to make herself known at trump tower. shares had dropped following comments from the president-elect in recent months. moving on from the other business headlines now, chinese trade figures dropped for

the german carmaker volkswagen has agreed to plead guilty in the us. it has also agreed to pay $3.a billion in fines. six employees have been indicted. now on bbc news, it's time for wednesday in parliament.

volkswagen agrees to plead guilty to criminal charges in the us and to pay one of the biggest fines ever for disguising emissions from its diesel cars. the taliban release video of two abducted professors, one australian, the other american, pleading for donald trump to help free them. and drawing a line under the obama presidency — we talk to the artist who's painted him every day since he took office. hello. donald trump's first press conference in six months has been dominated by the issue of whether the us president—elect might be vulnerable to blackmail by the russians. he angrily denied allegations in a leaked report that russian intelligence might have gathered compromising information about him. he attacked america's intelligence agencies, and suggested they might have leaked the report. he criticised some of the media too, for spreading allegations he says are "fake news, phoney stuff, put together by sick people". ian pannell reports from new york. it's been almost half a year since we've seen one of these, a donald trump press conference. and what great timing for the pres

that draft must now be approved by the volkswagen board. in september 2015, volkswagen admitted to installing emission test cheat devices in hundreds of thousands of diesel cars in the u.s. of to 11 million vehicles worldwide may have the device install. had previously agreed to spend 17.5 billion dollars in the u.s. for civil settlements and buybacks. in october 2016, company revealed it had set aside 18.2 billion euros, more than $19 billion, to cover costs related to the scandal. the new settlement means its liability will almost certainly exceed that amount. its total u.s. penalties alone or up to $20 billion. intofigure does not take account ongoing investigations in europe, south america, and asia. in spite of the scandal and a follow-up in u.s. sales, vw hit a global sales record in 2016, thanks to major growth in china. with over 10 million vehicles sold, it may be the number one carmaker for 2016. kate: winter sales have begun in french shops today. discounts are controlled by law in france so the winter sales often have an officia

briefly, it seems they could have been engaged in similar activities as volkswagen. but what the head of chrysler has said is that this is just a case of misunderstanding. and chrysler had been in touch with the epa for a long time and had gone through many discussions with regard to how their remissions tests works. chrysler was quick to defend themselves against these accusations by the environment protection agency and further to say that any sort of comparison between them and volkswagen is just outrageous. indeed. jim holder, is the editorial director at haymarket automotive which publishes whatcar, autocar and the pistonheads website. you know a thing or two about cars. thank you for coming in at this horrible hour. is that true or false? they have firmly rebutted be accusations, but there was a waiting time, almost 1.5 years now, everyone has waited for someone in the car industry to be caught. is that because when volkswagen surfaced, the scandal, we thought that could not be the only one. that was always the suspicion. every manufacturer has been investigate

volkswagen says it is closing in on a deal with the u.s. to results that will and criminal allegations surrounding the on the $4.3 billion agreement with has yet to be finalized. it would be an expense that exceed current provisions and includes pleading guilty to some criminal charges. other penalties and compensation at $19 billion. taiwan says the flagship of the chinese navy failed -- the defense ministry says her escort entered the zone to the southwest, going north along the west side of the taiwan strait. they have been carrying out combat drills in the taiwan seasons last week. the u.s. envoy has raised questions about china interfering. high-profile incidents such as the disappearance of a group of booksellers who turned up in the mainland. the distorted their oath of office and were then disqualified from the legislative council. >> the unwarranted disappearance of the booksellers as well as the unfortunate preemptive interpretation of the basic law by the national people's congress with respect to official oath taking have contri

to be clear, volkswagen new of these problems and regulators expressed concern, volkswagen obfuscated image at night and ultimately life. train to one the executives charged with florida last week of the five others including head of engine development are believed to be in germany making prosecution difficult if not impossible unless they surrender or travel outside of germany. authorities say more charges may be coming. they claim is 40 employees knew about the admission scheme and were involved in destroying the evidence. let's get you caught up a global market action overnight in asia. down arrows on the board. shanghai composite and down 1.5%. u.k. and japan just 1%. the cost be hired by about half a percent. >> the hong kong hang seng up five straight days. the london ftse down one quarter of 1%. the 10 state record close the german dax down half of 1% in here at home so that the health-related stocks are coming under pressure there as well. lea: let the u.s. stock market futures. s&p followed back, seven points by 13. i know i keep saying it, oil right now 27 cents. >> facebook

think volkswagen. but sergio marcione says we are not volkswagen. we'll get to that story coming up. you're watching cnbc first in business worldwide. thetreringvet ree yoprartie >>> welcome back. dow down 72 points. mrk is the leader. they hope about mrk's immunoecology. the drug is combined. it's advanced. it's a down day. >> bank stocks lower. the earnings in banks of america. >> wall street will be watching. hey, bill. >> the rally. albeit to string him off. it should help. second to watch, rates. the rates could, in fact, be better than expected. fair to watch credit. general positive sentiment in the sector. the share price in the performance. the deregulations. they're in december and today's decline. bank of america. >> we are forever. >> no, i can't. >> oh, well. thanks, will. see you later. >> good night. >>> so should investors buy the banks ahead of these earnings? you better hurry if you're going to. joining us is paul miller from fbr capital markets and bill smead joins us on the telephone now. paul, your feeling is that the earnings a

volkswagen saying the u.s. government over its omission scandal. the german not a maker says it will plead guilty to criminal charges and pay 4.3 billion to settle accusations of within half a million u.s. diesel vehicles to achieve emissions standards. checking the stock market futures ahead of your opinions on this wednesday. pointing to a slightly higher open. the dow, nasdaq and s&p in the great david dowd 19, s&p by one, and that is what is happening now. boring. lauren: albion signature duck boots continues to surge. the company facing a boycott after it was revealed monday being gave $60,000 to a proton super pac. and all my group calling for people to stop shopping at the store and albion as was on and say the money was the private and personal contribution. the group says it will back down on the boycott if and only if the company removes bended beating from the sport. monopoly replacing iconic game pieces with the munchies and hash type. a sign of the times. for the first time in the 82 year history, monopoly maker hasbro leading maker ha

volkswagen has pleaded guilty to criminal charges in the united states for using illegal software to cheat emissions tests for its diesel vehicles. its been ordered to pay fines of more than 5.5 billion by the us government against a car manufacturer. — the largest penalty ever levied by the us government against a car manufacturer. sarah corker reports. it's been dubbed the diesel dupe, the world's second biggest car—maker rigging environmental tests for diesel emissions, and now volkswagen will play a heavy price for what us authorities have described as a ten—year conspiracy. the fine of £3.5 billion is the biggest ever levied by the us government against a car—maker. vw has already agreed a {12.3 billion civil settlement with car owners and environmental authorities, and, worldwide, 11 million vehicles are involved in this scandal. the us attorney general said vw lied to cover up its actions. hundreds of thousands of cars that volkswagen sold in the united states were pumping illegal levels of nitrogen oxides into our atmosphere, up to a0 times more than the amounts perm

later, volkswagen in the fast lane. the automaker pulled ahead of toyota to win the crown for the best-selling automaker. we will bring you the details of that story as well. this is bloomberg. ♪ matt: welcome back to the european market open. i am matt miller in berlin alongside guy johnson and in london. i'm just trying to get a picture of german bund yields up on my german terminal. let me widen alliance so you can see the dramatic move we had after sachsen inflation came out. a jump in yields. a selloff in blends your -- in bunds here. 2.3%. that is rather high by german standards. throughout the morning, we will be getting a number of german state inflation numbers that culminate at 2:00. economists expect to present. this causes a problem. this is the political problem that you heard wolfgang schaeuble talk about in our interview with him from davos. will he keep intervening in markets and buying bonds as long as german inflation is already picking up and getting to a level that, you know, the people here feel i

more than $17 of billion volkswagen has already paid to settle civil claims in the u.s. brian quinn has the details. reporter: $4.3 billion. that is the price of closure for volkswagen in the united states as it looks to put the dieselgate scandal behind it for good. the german automaker has confirmed its negotiated a draft settlement with the u.s. department of justice that would see it clean guilty to criminal charges in addition to the fines. that draft is expected to be approved by the volkswagen board as quickly as possible before a new u.s. administration takes over. in september 2015, volkswagen admitted to installing emission test cheap devices and hundreds of thousands of diesel cars in the u.s.. up to 11 million vehicles worldwide may have them installed. >> our company was irresponsible with the epa and the california air resources board and all of you. and our words, we have totally screwed up. reporter: it had set aside the equivalent of $19 billion to cover liability for the skittle globally. criminalm the new penalties, it has already agreed to spend $17.5

here the latest on a volkswagen's latest probe. a headwind for airbus? from the hq.s live that and more, right here on bloomberg. ♪ to thewelcome back european market open. i am manus cranny. matt miller is in frankfurt for us today at the goldman sachs strategy conference. it has just gone 12 minutes past the hour. a little bit later this morning. -- lighter this morning. i can tell you this. there is an interesting chart. the market has stocked up on options relative -- this is european trading complex. the stock options -- the market is beginning to build up for a bit of a downside correction or indeed is it just fine production that is flight medic at the moment -- phlegmatic at the moment? down 0.3%. some of the main movers, st. mary's topping the bill -- sain sbury's topping the billboard. a fairly, fairly tough opening this morning. down 18% on this stock as we see them. 2017 dividend policy set after review that we do not recommend a final dividend for the year. auditeding profit is on draft at 245 million, so that is really what is rocking thi

volkswagen will also pay more than 4-billion dollars in fines. it also faces hundreds of lawsuits-- after admitting to installing software in its vehicles to cheat emissions tests. new developments now: a deepening corruption scandal in prince george's county. now former state delegate and council member will campos has pleaded guilty to taking bribes. campos was on the council for 10 years- and resigned documents, he was essentially selling county money for bribes- and admitted to taking 340-thousand dollars. he is not the only person involved in this web of scandals. multiple elected leaders are now under investigation. stay with abc-7 and wjla.com for updates. seven is on your side . each day that goes by, the chances of your old christmas tree catching fire grows. but many people like to keep their tree up until the 12th day of christmas -- which was last week. firefighters say even if your tree has been well watered, it's time to take it down. and don't rely on fire retardant to keep you and your family safe. we tested live trees with and wi

morrison, volkswagen shares up 1% after the latest revelations from the united states. mexico, there have been more demonstrations over the increase in fuel prices. stephen: the country's president he decided to keep -- announced his plan after meeting with business leaders on monday. the price of petrol jumped 20% on january 1 after the government cut subsidies. roads were blocked and shops were looted in demonstration. no doubt that we will do everything necessary so that this adjustment in the price of gasoline impacts our family's budgets as little as possible. today mexico has a strong dynamic and competitive economy. genie: the numbers are in in france, on the economic benefits of hosting the euro 2016 football tournament. stephen: 1.2 million euros -- one 2 billion euros is being put into this. the tourism industry saw the greatest benefit from attending the games. brian quinn has the story. were: french football fans fired up to cheer on the national team during last summer's euro 2016 summer championship. today we are disappointed in the finals, but it looks li

we should put the same pressure on volkswagen as we do, as the german government does. the 35% tariff is fair trade to me! >> i got to say there has never been a more interesting time to be a business reporter or economist. >> never. trish: take care, peter. we've got a tweet from donald trump crossing right now. cf1 o talking about betsy devos and how she is going to be beginning her hearings this evening, and we'll take them live for you tonight. he put out a tweet. let's see, he retweeted another tweet saying -- very much a proponent of choice in our school system. so we're going to talk about that next, plus, we're also talking about davos. you know what's going on in switzerland right now where all the elites are gathering. so they can wear their fur coats and drive around in suvs and talk about big problems like the poor. what has happened here? . trish: the global supereleets taking the stage at world economic forum at davos, switzerland, the annual gathering of the world's wealthiest people, most successful elites. it's normally dominated by conversations about

the fbi has arrested in volkswagen executive -- has arrested a volkswagen executive for defrauding the u.s.. they have brought him to michigan. this is the european market open. watching bloomberg markets. this is the european open. i am guy johnson in london and --t diller is back in berlin and matt miller is back in berlin and has your morning brief. nope, he does not. i am sensing there may be an alarm going off in berlin. i will take it out. let us talk about theresa may. sterling trading at 122 against the dollar. the prime minister is signaling immigration will be her issue. stance, what is a more normal rate? deliverrump promises to as fiat chrysler promises to keep production north of the border. who in the auto sector is in the driving seat? let us talk about european equity markets. we are expecting a positive start. let us take you to the markets. let us see how many are at their desks. there is the british currency. zero .1%. we expected to rise a little bit more. london beginning to outperform. we are expecting about 0.4% higher. other markets expected to be softer. the po

a scandal similar to that of volkswagen last year. fiat has rejected allegations and says it is fundamentally different from volkswagen. analysts say it is unclear how similar the two cases are. >> what we need to be clear on it is not identical to the volkswagen situation, or at least it is not yet. situation,conclusive sore is still work going on, in the case of volkswagen, it is delivered achieving. they knew they were doing it. it is not clear at all for the situation here. ofliam: meanwhile, the panic admissions cheating spreading to parents as well, the paris prosecutor launching an investigation into a car company. there is no defeat device in renault vehicles, and their engines are compliant, says the ceo. the fraud agency looked into the case last year. now, three judges will determine if there has in fact been cheating and whether to take the course to trial or not. now, both fiat and renault shares are in the market today, fiat recovering up 3.5% after falling more than 16% yesterday. in milan, a different story for renault

clear, volkswagen new of these problems and the regulators expressed concern, volkswagen up is gated, and they ultimately lied. shery: south korean officials have been questioning samsung electronics vice-chairman as a suspect in a bribery investigation. while the de facto head of the samsung group was why of expected be called in for questioning, the fact that he was identified as a suspect was a surprise. prosecutors want to know whether samsung and other companies may payments to a confidant of the peace president for political favors and access. brazil has slashed its benchmark access rate in it unexpected move. the board move to lower the to 13%.k rate by .75% the move was predicted by just four of the 48 analyst in a bloomberg survey. the decision comes as policymakers ratchet up their efforts to jumpstart the countries stagnant economy. the governor of the bank of england has said the eu faces a greater financials ability danger than britain if the country leaves the brought -- the block abruptly. warning of the need for both as he was quizzed by u.k. mp's. >> if there was not

he's the ahead of volkswagen's engineering office. he's accused of conspiracy to defraud the u.s. government and wire fraud. he's the second executive from that company arrested in the case. >>> mcdonald's is selling the controlling interest of its business in china to a state-owned conglomerate. the deal it worn to up $2.2 billion. there are 2,246 mcdonald's in china. employing 120,000 people. mcdonald's continues to revamp its business throughout the climbing sales. >>> seven online retailers including amazon and fresh direct will start accepting food stamps. the pilot program starts this summer in seven states. it's scheduled to last about two years. over 43 million americans receive food stamps. nearly half are children. and the ability to use those food stamps to buy food online will be particularly helpful for those with disabilities and the elderly. anne-marie. >> jill wagner at the new york stock exchange. thanks a lot, jill. >>> still to come, presidential style. the trump family moves into the white house this month. we'll see how they might lend their unique style to th

the volkswagen brand is well positioned anyway. we have just invested one billion euros into chattanooga. it is a strong supplier base. we are actually creating a lot of power and value for the country, as well as outside the country. we are actually a home brand of mexico. we have the same market share. it is a balanced approach and we are committing to the region as massively as to the united states without operation. and with a car program we bring to markets. >> you were talking about your electric concept car. last year vw said it was to develop self driving technology. competitionk at the , could that be achieved? >> absolutely. a car family will never have a combustion engine. full connectivity and being ready in decades. we did a compact car from the outside. -- typical american concepts. fantastic emotional design. mobility. so much for speaking to france 24 from detroit. let's check in on the markets. we side mixed close in europe. hitting a new record high during monday's session in london. andes of about one third half

this is a draft agreement from volkswagen's board. this is expected to come through on wednesday when they take a look at it. then we will know if they actually accept it. and there is a guilty plea on the park of -- on the part of volkswagen when it comes to this cheating emissions scandal that has enveloped a lot of its brands. as i said come up $4.3 billion at stake. but it raises the price of the 23ire scandal to more than billion dollars. this is significant between of $19.2agen only put aside billion in terms of how much it wanted to pay out, that it could pay out. so this is over and above what they were expecting. with that said, let's look at volkswagen shares created here in the united states. 1:45 p.m. newund york time, there is a pop. that is when the news crossed here on the bloomberg. it popped by as much as 1% to close up by 0.4%. but we are looking at a high not seen since june of last year. six or seven months or so. we are seeing something along the end of the road for the financial -- but the brand of volkswagen. ri

and with you take a look at volkswagen, it's in the news because of the arrest of a volkswagen executive yesterday reported by the new york times. last night the company unveiled what they're calling the id bugs. this was the future vision of the vw microbus. the ceo would not talk about the criminal investigation but believes the company is slowing putting the investigation behind it. >>> in going forward, we see they're very optimistic and narrowing this gap because in november and december we're highly successful year after year. so tloherefore with the product to come we're very optimistic we will recover solidly. >> and there was news yesterday from wamo. formally known as the google self-driving car project. a squawk box exclusive. we're sitting down with the ceo of waymo. they announced yesterday it has dramatically lowered the price of self-driving car technology and eventually to millions of vehicles not only in the united states but around the world. autonomous vehicle drive technology, all of the automakers are making an even bigger push to bring that to market as quickly as p

volkswagen could agree to a settlement as early as today under the proposal volkswagen would plead guilty to criminal wrongdoing and pay $4.3 billion in fine. volkswagen has admitted it will equip diesel cars with software. >>> walmarts will cut jobs. it will happen at regional offers rather than stores. in september walmart started cutting 7,000 jobs. walmart employs 1.7 million in the u.s. >>> apple is the greenest tech company in the world according to a report from the environmental organization greenpeace. apple's leading the way when it comes to towering the internet. companies are ranked on issues like energy, transparency, and efficiency. facebook and google round out the top three. >>> and the upcoming version of the popular board game monopoly will look slightly different than it used to. hasbro has started a worldwide contest to let people choose the players they use. the hat, scotty doggy, and thimble could be replaced. you have time to vote. >> a #? i'm not into it. i'm not into it. jill wagner at the new york stock exchange. thank you so much. >>> still to come, a house warm

. >> compare this with the volkswagen story. allegations are covering around 104,000 vehicles. >> it's much smaller but that mean it couldn't do a lot of damage if fiat chrysler ends up being guilty on this one. saying that the devices they have in there did not cheat. they are going to fight this. they are going to continue to work with the epa. there are some very specific known that need to be before you can really look at how big of a financial impact this would have on fiat chrysler. the epa is not seeing these defeat device that is basically test.d emissions what they are saying is there were eight devices on these their software devices that the company didn't disclose. that is a fineable offense, not isclosing those devices but if they didn't cheat, then they wouldn't necessarily have to be replaced in people's vehicles, fines would be much smaller so before you start to look at this as something on the of volkswagen's $24 billion cost it has to be known whether or not fiat chrysler and we just don't know right now, and

volkswagen closes in on the deal to pay $4.3 billion in penalties to settle a u.s. probe into diesel gate. we will bring around about the stories to watch this morning. the pound is pricing in a hard brexit. david bloom joins us in the next hour. this is bloomberg. ♪ anna: welcome back. this is "bloomberg daybreak: europe." a live shot of new york. the futures pulling themselves back a little bit from earlier weakness which could be of interest. 1:46 in the morning in new york and 6:46 here in london this is the morning. let's get the bloomberg business flash. >> volkswagen is closing in on the deal to pay $4.3 billion in criminal and civil penalties to settle a probe into the rigging of diesel emissions. the cost of the scandal more than $23 billion in the u.s. and 19.2a, way above the billion dollars volkswagen had set aside to resolve the dispute. toshiba shares rose in tokyo on signs lenders will support the company as it deals with potential losses in its u.s. nuclear business. the conglomerates main bank agreed to maintain financing through february even tho

to "the volkswagen golf alltrack postgame report." here's mike tirico. >> the table has been run. and the north has been won by the green bay packers. 31-24. they come to detroit and beat the lions for the third time in four years, on the final sunday of the season. the packers win the game they need to win the division. and aaron rodgers, we'll hear from him in a little bit. just extraordinary. i can't agree more with al and cris. has to be the mvp conversation after his performance here in the six games. you're waiting for the playoff schedule, here it is. we start with the afc. wild card weekend begins saturday with the raiders and texans on espn and abc. they played in mexico city. sunday, it will be the steelers, hosting the dolphidolphins, 1:0 eastern time. roethlisberger got hurt. and miami won the game that turned their season around. peeking ahead the following week, in the divisional round, the patriots host the game saturday night, january 14th on cbs. and the afc west champion chiefs will play here on nbc sunday afternoon

and a whole lot more. >>> welcome back to "the volkswagen golf alltrack postgame report." here, now, al michaels and cris collinsworth. >> the packers win. they get the giants. detroit has to g on the road because they're the number six seed. a big mountain to climb, starting with mt. rainier, next week at seattle. the last time detroit won a playoff game was in the '91 season. that's when jimmy johnson had taken over in dallas. that was dallas' first time they had gotten into the playoffs in that era. and detroit won the game. i think 38-6. lost eight playoff games in a row now. they go to seattle. what do you think? >> i don't know what to think anymore. neither one of these two teams are playing as well as they have at some point in the season. your natural thought is, in seattle, we know how tough that is. russell wilson has taken this team and won a super bowl championship, back to another one. but you just don't know. this is a detroit team that i think had a very tough assignment here tonight because of the fact they played on monday night, a tough loss there. got b

volkswagen will also pay more than 4-billion dollars in fines. it also faces hundreds of lawsuits-- after admitting to installing software in its vehicles to help cheat emissions tests. 7 is on your side with a consumer alert- a health hazard could be lurking in some twinkies! some of its white peppermint twinkies. it's because of possible contamination with salmonella. the good news- no one has reported getting sick. if you have those cakes, you can return them for a refund. for the first time this season, the wizards are over .500. and last night, star guard john wall sealed their 10th straight home win in dramatic fashion against the chicago bulls. game tied at 99 with just seconds left.. walls gets the screen..drives to the baseline..rises up and knocks down the jumper to put the wizards up two. chicago would get a shot off in the closing seconds but it would not go. wizards win 101-99..john wall finished with 26 points and 14 assists. starting today - these new washington capitals courage caps go on sale.. procees benefit the tragedy assista

cristophe: the suspicions withth that volkswagen wasn't alonene, other car manufacturers were involved. reporter: the first market reaction was big, but they are recovering in the trading session. cristophe: talk up the says it -- takata will plead guilty to criminal wrongdoing in the airbrbag scandal -- linknk to at least 16 deaths. it will pay $1 billion in fines and damages. they also indicted former toccata employees -- takata employees. exploding airbag triggered the recall of 42 million vehicles, the largest in u.s. history. china has grown into the biggest car maker. more people want to enjoy individual mobility and show off they can afford not a bicycle or a scooter but an automobile. there is a downside. it adds to air pollution and gridlock's the roads. authorities are desperate for ways to solve the problem. reporter: stuck in traffic. 5 million drivers club the road of the mega-city. trucks can only drivive at night he daytime routes from coming to a complete standstill, but the metropolis is no paradise for cyclists. might next right is the rule here. why worry about other

. >>> let's bring you up to speed on the latest surrounding volkswagen. because u.s. federal prosecutors have now charged six volkswagen executive over their alleged role in the emissions scandal. the indictment includes the former head of the vw brand and two previous heads of engine development. this as the german automaker agreed to pay $4.3 billion in a settlement with regulators. u.s. attorney general loretta lynch said the investigation into vw's emissions will continue. >> this announcement does not mean that our investigation is complete. we will continue to examine volkswagen's attempts to mislead consumers and deceive the government. we will continue to pursue the individuals responsible for orchestrating this damaging conspiracy. >> shares in volkswagen, even on the news of a draft principle agreement for the 4.3 billion settlement, we did see the stock run up yesterday. showing a bit of weakness now off 0.2%. year to date, very strong run in volkswagen shares. >> just the last three months, 25%. >> yeah. >> what goes down, must come up. >> shares in areva

volkswagen has agreed a draft settlement with us authorities of $4.3 billion. let's bring in our correspondent in new york. a few questions here. there's been some preliminary deals, so what's different about this one? well, this one resolves yet another of the investigations and it's a key one, but i think the most striking thing about it is that volkswagen is expected to plead guilty to charges that include wire fraud, that it violated the clean air act. it's expected to plead guilty it to customs fraud. this is the result of several investigations into the manipulation of diesel emission tests. they began more than a year ago. the crucial thing for the company is that as much as possible, they're trying to resolve this criminal investigation, so they can move past the scandal that really has cast a shadow. remember right now, it's the detroit autoshow. it should be a golden moment to show off its wares and instead it's talking about this. this is a draft deal. what needs to happen for it to become a reel deal? -- real deal? it has to be approved by both side

department to settle the criminal investigations and civil fines, but it is subject to approval by volkswagen?‘s board, but could be approved as early as late tonight usa time. we may get that final deal put through to settle all the legal issues concerning the scandal over the rigging of emissions for bulks wagon vehicles, which came to light about 18 months ago —— vw vehicles. there are lawsuits that are being

a week ago, the ceo of volkswagen martin winterkorn declared his innocence. now he is under investigation for fraud, media reports say that is the department was searched on thursday. he was informed of the allegations against him. prosecutors suspect that went to court new of it. -- new of these problems -- knew of these problems. during the course of our investigation, questioning of witnesses and evaluation of records, without sufficient factual indication that he knew about the manipulations earlier than he publicly stated. his attorneys say that he insists that he did not find about the cheat software until september of 2015. most like in executives claim to have informed him in july of that year. he says he is no recollection of that. prosecutors say on friday that they searched 28 homes in connection with the investigation this week. the number of people accused in connection with the commission scandal has risen to 37, 21. including martin winterkorn. sarah: a billionaire with paid business interest serving as u.s. president is something that many peo

. >> maybe compare this to the volkswagen story? this is much smaller, but that doesn't mean that it couldn't do a lot of damage if they wind up being guilty on this one. they are saying that the devices they have in their didn't cheat. that they are going to fight this and continue to work with the epa. there are specific things that need to be done before you can look at how big of a financial impact this would have. the epa is not seeing these devices that she did these omissions tests. they are saying that there are eight devices on these vehicles. software devices that the company didn't disclose. cheat, then they wouldn't necessarily have to be replaced in people's vehicles. the fines would be much smaller. before you look at this as something on the proportion of the volkswagen 24 billion dollar cost, it would have to be known whether or not fiat chrysler cheated and the company just doesn't know right now. saying that there is no wrongdoing here. >> three of the major banks out with quarterly results this morning. bank of am

volkswagen closing in on a u.s. emissions deal with a guilty plea and a $4 billion fine. questing the cartel, three currency traders charged with using a chat room to rake foreign-exchange prices. ago, before we get underway in hong kong and china. singapore, taipei, and kuala decoupling up through what happened in the u.s.. again struggled to get to that 20,000 level in the dow. >> after what we saw in wall street, in asia we're headed for the best january.

as part of the deal, volkswagen will face independent monitoring over the next three years. australian blender, anz, has agreed to sell a subsidiary to a chinese group for the 100 and $60 million as part of its efforts to streamline its business. —— a60 million. the financial institution is also considering the sale of its australian wealth and life insurance business. economy will gain speed after turning in its worst performance since the global financial crisis, that is according to the world bank ‘s latest forecast. it is tipping growth on the back of stronger commodity prices. i asked the back of stronger commodity prices. iasked how the back of stronger commodity prices. i asked how asia's economies will fare in 2017? china is going to continue with its slowdown. 6.5%. authorities have done a remarkable job taking this economy growing at double—digit rates to the rates we are seeing now. at the same time, rebalancing has been under way. we see it in servicing. they now account for a large share of output. we look at car balance being less than 3%. all in all, i

some said they were going after volkswagen because it was a foreign brand and they wouldn't do the same with an american car company. and also the big boss of the chrysler is all so mates, good friends with trump. i'm just saying! there's a lot off political things happening in the us that underpins some of these stories. -- off political. is this and irrational euphoria or is it based on real economic prospects —— an irrational. we have had 13 successive days of rises in the ftse. it seems to me a bit of a correction to the correction. we have the referendum result in the united kingdom in the middle of last year that had a big jolt on the pound, the financial markets but people weren't sure what they were reacting to. as time has gone by and we have seen the referendum result, the brexit negotiation, this will take a period of time, there seems to be a clawing back of the ftse and confidence coming back into the stock market. it isa coming back into the stock market. it is a pound story. the majority of companies in the ftse earn their money abroad typically in dollars so when the

right now at the volkswagen sign then drive event. >>> next man. that is about to be put to the toughest test. you will meet the man that will replace derek car. struck a disastrous season for the 49ers is one game from being over. changes on the horizon and how that change materializes will be the big question. struck from the good old days in the 49ers organization one of their all-time greats -- all- time greats will join us to talk about the nfl and the 49ers in particular. the mercedes-benz sports weekend right now. >>> this is mercedes benz sports weekend. >>>