the backlash there with the ceo being fired, also several other employees suspended, not to mention the efforts by volkswagen to design repairs to those vehicles. also lawsuits with customers and not to mention the p.r. nightmare for volkswagen in what is one of the largest corporate scandals involving the auto industry. the latest development now is that the federal government now suing german automaker volkswagen for those violations for cheating on those emissions tests, installing those devices. thanks. we will follow the report. we also want to talk business news for you today. we have been following this breaking news on wall street from the first thing this morning as we had the first opening trading day of 2016 off to a really rough start. the dow having its worst opening day in 84 years. so the u.s. stock market s taking this direct hit from china s sluggish economy. seema mody is a global markets reporter for cnbc and joins us to talk about why. break down why this is hap
progresses. funeral for that little boy was this afternoon. ari, thanks so much. still ahead, volkswagen has a plan to make amends after cheating on emissions tests, but is a thousand dollars enough to keep consumers happy? and new questions surrounding ben carson s life story, as the front-runner pushes back on new scrutiny. and we re moments away from the university of missouri s press conference with head coach gary pinkel p. we ll have that for you as well. stay with us. (vo) what does the world run on? it runs on optimism. it s what sparks ideas. moves the world forward.
has now widened. the company accused of cheating on emissions tests for cars with large diesel engines including porsche and audi. the epa saying the german automaker used illegal software in certain six-cylinder diesel engines, but they are interested they didn t do this. volkswagen admitted to the epa that cars with model years 2009 to 2015 had the cheating software installed. unbelievable. 11 million cars have been affected worldwide. we ll keep watching this one. what a story. heather? well, are you a star wars fan? some fans will have to leave their gear at home. cinemark banning weapons including light sabres from all screenings. amc, however, is allowing light sabres as long as they re turned off during the film. fans can dress in costume. the added security comes after the deadly theater shootings in lafayette, louisiana, and aurora, colorado.
oxide emissions. 40 times higher than admitted in stationary testing of engines. excessive levels of nitrogen oxide increases asthma, acid rain, ozone depletion and other environmental problems. as one member noted the scandal involves only tiny percentage of the vehicles on the road today. there is some need for a sense of proportion regarding this matter. 480,000 or so vw vehicles implicated in the scandal represent only .2% of the cars and light trucks on united states highways. we have no evidence software similar to used by wv is present in any other u.s. vehicles. reporter: vw fired the ceo. pinpointed origin of deceit coming from a handful of engineers. but the investigation is only in the early stages right now. much remains unknown. vw hasn t revealed how the defeat device affects the engine, why it was installed, and how it was able to evade emissions tests.
interesting facts. you are incredibly optimistic. trying to be. always appreciate it. thank you very much. now we are learning about a new revelation from the volkswagen emissions scandal. the company s chief said he knew about a possible problem last year. but michael horn said he was told engineers were working with regulations. they had installed hidden software that allowed 11 million cars to cheat on emissions tests. he will face questions from u.s. lawmakers thursday on capitol hill. now to world football from the sports governing sports authority isn t commenting whether seph bladder is facing a 90-day provisional suspension. but his lawyers say if that s the case, bladder wasn t told about it. more on the story rocking fifa. this is a saga that has, from