Were talking close to eleven billion euros the road ahead doesnt look good though with warnings of stagnating profits due to the hefty cost of developing new tech to keep up and the company has another scandal on its hands the question of those tests on monkeys and humans. The boss of dime or dieter had some reason to smile twenty seventeen was the best year in the companys history with sales of three point three million cars but this weeks revelations of exhaust gas testing on humans and monkeys cast a shadow over the shining figures from the start of the press conference search have tried to clear the air so much for such testing goes against our values of time where were going to find out exactly how this happened. This took up based automakers together with other german car makers financed the now disbanded e u g t Research Institute Dieter Zetsche or tried to move on from the damaging allegations and refocus attention on the companys future he told shareholders profits would stagn
Billion euros the road ahead doesnt look as good though with warnings of stagnating profits due to the hefty cost of developing new tech to keep up and the company has another scandal on its hands the question of those tests on monkeys and humans. The boss of Diamond Detail had some reason to smile twenty seventeen was the best year in the companys history with sales of three point three million cars but this weeks revelations of exhaust gas testing on humans and monkeys cast a shadow over the shining figures from the start of the press conference in search of tried to clear the air so much for such testing goes against our values a time where were going to find out exactly how this happened. This took up based automakers together with other german car makers financed the now disbanded e u g t Research Institute Dieter Zetsche or tried to move on from the damaging allegations and refocus attention on the companys future he told shareholders profits would stagnate while dein learn veste
Earthquake in mexico tops 200 people as the quiake topples dozens of buildings. Good morning its fed day we havea lot to get through. Lets get to one of our top stories on the corporate front shares in thyssenkrupp are trading sharply higher in early trade, this after the german metals group and tata steel agree to merge their european operations in a 50 50 joint venture. Gemma has the details. This deal i dont think comes as a surprise to anybody what were seeing here is its been widely expected for a long time, about 4,000 job losses expected, 2,000 from each company. Looking at Pro Forma Revenues of 15 billion euro. These talks have been ongoing for 18 months. Been waiting for the news we had earlier this month of tata steel being able to dispose of 15 billion pounds worth of pension liability, which means this was able go ahead. Still a few hurdles. Still need both boards to approve it still need the European Commission to approve it need support from the unions support has been te
Amazing bon jovi to kick off this monday morning. Welcome. Each dominic chu and im seema mody. First day of the second half of the year and it is a holiday shortened trading day on wall street with the New York Stock Exchange droe closing at 1 00 p. M. So lets get a check on the Global Markets well see green to start the day if things hold we have s p up by about 8, dow jones up by about 65 and nasdaq up by about 25 points. If those hold, we will have a green open to start. We have seen moves higher and the trend takes us to around 2. 32 . And for the ten year u. S. Government note, some signs perhaps of optimism or perhaps of more inflation ahead. We dont know. The rise in the yield certainly something were seeing around the world sentiment beat expect aboatione. And in china, pmi also topping expectations in the month of june touching its heist level ighest three months and you have the china bond program with hong kong taking off. You can see a positive session in asia, japan, the n
Thank you, drew. We have Live Team Coverage across the bay area. Well get a look at the impact where you live in a few minutes. First to breaking news in san jose where four people have been burned in a condo fire. The fire broke out this afternoon in florence avenue. One firefighter is among those injured. David louie is live on the scene with the latest information, david . Reporter ama, we can tell you that firefighter received only minor injuries and is back on duty. The two occupants of the town hall are not as lucky. They are in the hospital after a fire broke out in their twostory townhouse shortly after 4 00 this afternoon. We have dramatic cell phone video from a neighbor that shows the flaming shooting out of the windows on the second floor as well as coming out of the ground floor quarters of this home. The residents were both up stairs and down stairs at the time and fire damage is still under investigation as to whether or not it happened broke out on the bottom floor or t