A 1000000000. 00 will be invested production is set to start as early as 2022. Also show china fights the full lot of that swine flu crisis releasing its Strategic Reserves of coal to cool the market. Is a state of your business i was in berlin fox augers appearing in court in germany today to face civil compensation claims related to the diesel emission diesel emissions scandal its the 1st time the comic will face the courts and its home country a lawsuit a speedboat by some 450000 diesel drivers veiling of a recent change in the law which has opened the door to class action lawsuits previously not allowed in the country. Watershed moment for germanys legal system and a day v. W. Had hoped to avoid 4 years after the emissions scandal broke hundreds of thousands of drivers have joined forces to hold the car giant to account Consumer Rights groups with to avail of a change in the law which opened the door to u. S. Style class action lawsuits in germany. A region of german consumer assoc
The Strategic Reserves of coal to cool the markets. This is the w. Business ive got office in berlin wall come fox is in germany to face charges related to the diesel emissions scandal the Class Action Lawsuit the 1st of its kind of the country is being brought down more than 400000 drivers who are seeking compensation for purchasing vehicles with devices that allow the comical to cheat on environmental tests the scandal has already cost well over 30000000000. 00 worldwide. Now lets check in with financial correspondent Chelsea Delaney in frankfurt chelsea theres already a precedent for this kind of legal dispute in germany how much could this cost v. W. Were looking at pretty significant potential cost here for a v. W. If you look at the amount of plaintiffs in this case its close 2500000 you know thats theyre all seeking full refunds on their cars thats a huge amount of money if you look at some of the other cases that w. Has settled or been asked to pay across the world 1. 00 of the
Decoupling markets in asia and europe were slightly weaker but here in the u. S. Were in the green. Treasury yields at this hour as well, we have seen some better than expected german labor data cause some firming in the global bond markets right now the 30 year is just sitting at a 2. 15 yield the tenyear, 169 and the twoyear at 164. That story that really dragged our markets on friday. We finished off the lows on friday any way only down half of 1 on the s p 500 by the close, but clearly if that story is turning around, its unsurprising to see futures up a little bit this morning. Broader market was down 1 last year. The u. S. China trade fight continues to dominate the Global Market headlines friday, stocks dropped amid the report that u. S. Would limit eunice yoon with the latest. Hey, eunice. Hey, guys if its true that the u. S. Officials are clarifying that the Trump Administration is not going to be imposing any restrictions on u. S. Investments into u. S. Companies that would d
Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an
The fbi official in charge of Cyber Security joined tech ceos, entrepreneurs and officials to discuss Technology Policy and on a Forum Innovation at a Fortune Magazine summit in aspen, colorado. Thank you. Moving on to our opening interview. Sometimes plan a does not work out. You have to be ready to improvise. That is one of the themes in our next story and conversation. I want to welcome the cofounder and ceo of post mates, Delivery Service that is part of the race to remake the way beast shop and get our stuff. He has raised a quarter billion dollars. You know, average in cilic and ballet. Sharing how his company is facing the challenges and also introducing us to a new friends. Please welcome sebastian lehman. Ok, the biss model is Pretty Simple. There are few other Delivery Companies out there that of gotten pretty big as well. But you guys have focused on innovating in certain areas can you explain how you approach innovation. Bastion good morning first of all. Thank you for havi