, on target - back fire, dirty secrets exposed in the volkswagen pollution scandal. world powerless, how the united nations failed to accomplish its main mission >>> the fact of volkswagen reprehensible behaviour are familiar but cannot be repeated enough. the german automaker installed software on 11 million cars designed to cheat on pollution emissions test. half a million of those v.w.s and saudis were in the united states. the environmental protection agency, the e.p.a. says the software allowed the cars to pass lab tests, but spew up to 40 times the legal limit on the road. that let the world's biggest auto maker sell dirty cars as clean cars without sacrificing power or performance, reprehensible. tonight i want to move beyond outrage and see what can be down to stop automakers from deceiving consumers or taking short cuts. i'm talking about general motors and the ignition recall. all because of a part that would have cost about $1 to replace. it's clear the obsession with profits, combined with the worst aspects of human psychocology leads executives it employees to make deci

from volkswagen that dr. winterkorn is, in fact, stepping down. our firl lebeau has more on that. phil. >> thank you very much, carl. we're awaiting a press conference at the headquarters of folks in germany where martin winterkorn has resigned saying "i am clearing the way for a fresh start with my resignation. i am shocked by events of the past few days. above all, i am stunned that the misconduct on such -- at the misconduct on such a scale was possible in the volkswagen group." unclear who the new vw ceo will be, but, again, martin winterkorn out as ceo of volkswagen. we are awaiting a press conference. as can you probably see. we will no doubt be monitoring it, and whatever details we get, we'll pass along as soon as we have them. >> thank you very much, phil. >> starkly worded. phil said i'm shocked by the events of the past few days. i'm stunned that misconduct on such a scale was possible in the volkswagen group. i am convinced that the volkswagen group and its team will overcome this grave crisis. leaving very little to the imagination here after what is turning out to be a cr

coming up, can that man steer volkswagen through the storm? he takes the top job at the german car giant. he will have to clean up the mess left by the emissions scandal. swiss prosecutors have started criminal proceedings against the fifa president. he's being investigated for was appropriating songs -- funds from the world soccer governing body. i am sarah harman. welcome. nothing is impossible. everything can change. those are the words of german chancellor angela merkel as she addressed the united nations development summit in new york. she called for a global partnership to achieve the u.n. development goals newly adopted by world leaders. she also pledged to increase germany's development budget. >> an ambitious set of goals for the next 15 years. plans to end poverty and hunger, fight climate change, and improve health and education, just to name a few. german chancellor angela merkel promised to increase her country's budget for the human developing goals. she called for a global partnership. >> it is important the industrialized countries stick to the pledge they made. ger

night. is it the end of the story for volkswagen? it's only the beginning of the earthquake shaking the world's largest car brand, german industry, and its reputation worldwide. vw's emissions admissions is the inside story. >>> welcome to inside story. i'm ray suarez. auto makers worldwide have been under pressure to find a few different holy grails. one, to design engines that power trucks and automobiles while using less energy. the other, to make vehicles that pollute less while doing it. volkswagen delivered stunning numbers by teaching the engine how to line. now the ceo has resigned in disgrace, stocks have been battered, and one of germany's most valuable brands is badly damaged. lisa stark takes a look at an auto scandal kicking into high gear. >>reporter: earlier this year, volkswagen reached the top of the mountain as the world's biggest car seller. now the giant of german auto manufacturing is in a free fall. >> this is a massive scandal that not only cheated consumers but also harmed the environment. >> vw installed sophisticated software to cheat on u.s. emissions test

. volkswagen is in hot water. they need to discuss a response to the emissions rigging scandal. >> burkina faso's president says he's now back in power after he was taken hostage in a coup last week. >>> thousands of muslim devotes from around the world gather in saudi arabia for the hajj. >>> well, we begin in brussels where european union leaders are preparing for an emergency summit to tackle the refugee crisis. this is a day after eu ministers agreed on a deal to relocate 120,000 refugees despite fierce opposition from some members. roman romania, the czech republic, slovakia and hungary all voted against the mandatory quota system. laurence lee is looking ahead at what will be discussed at the meeting. >> reporter: as far as europe's reputation for handling a crisis goes, not to mention its aim as a liberal idea, the summer refugee crisis has threatened the foundations of the union. it's witnessed people running for their lives and have to endure drowning at sea. the police in macedonia accused of beating refugees for daring to pass through. hungary on the pretext of prote

development at volkswagen. the german carmaker admitted it provided false emission test results in the united states. shares of the company plunged by 36% in two days. germany's transport minister suggested today that european cars could be affected as well. volkswagen's ceo martin winterkorn resigned. and the scandal is not even close to being over. joining the program from washington is the ceo and cofounder of business strategy from jti and a former daimler executive. , anddetroit, jamie butters from new york city lawrence , ulrich, the former auto critic for "the new york times." gentlemen, welcome. i have been looking at the vw scandal and wondering, if it does not very quickly become the biggest auto scandal of all time. but it is easy to feel that way today. let's put it into perspective. let's rate the vw's scandal on the timeline of scandals over time. we have a lot to choose from. just in the last five years, we have got g.m., takata, toyota. lawrence, let's start with you. where would you put it? lawrence: it is hard to get perspective at the moment. it is such a hot iss

. ♪ alix: breaking news. the ceo of volkswagen is going to resign coming out just now. says he requested the step down and he is stunned that the misconduct happened in volkswagen on such a scale. we continue to get headlines. he is not aware of wrongdoing on his part. the live shot is where we will hear from the ceo. scarlet: this is coming from a statement, so he has not yet come out to speak to the press just yet. dutyys he does except the and was requested to step down, pressuregiving in to presumably from the board. you mentioned that he is not aware of wrongdoing on his part and the company needs a fresh start. he is stepping down and resigning as ceo to depart from folks like him. alix: this is a stunning development. folkskorn is convinced like and will recover and accept responsibility for irregularities despite the fact that he does not hold himself responsible. ryan chilcote joins us from london who was going over the the headlines. this is a stunning development. ryan: it is stunning. looking at the share price up 7.69%, best-performing stock on the dax. it has been

>>> this is "nightly business report." >> paying the price. volkswagen ceo is out of a job as the emissions scandal threatens much more than just the automaker. >>> economic diplomacy and it's taking place in seattle. as ceos from some of america's biggest companies discuss thorny issues with the president of chi china. >>> countdown to shutdown. business that is could be impacted if the federal government cannot avert a closure. all that and more on "nightly business report" for wednesday, september 23rd. >>> good evening and welcome. he's out. the man in charge of the world's biggest automaker by sales has resigned. just days after the volkswagen emission cheating scandal was exposed in the united states and then quickly spread around the globe. in a statement ceo martin vinterkorn said he was shocked by the events of the past few days. the scandal has pressured the stock which is down more than 30% over the past few days. it has prompted investigations and lawsuits. phil lebeau has our report on the resignation of volkswagen's ceo. >> reporter: the crisis involving rigged diese

. it remains to be seen what happens in the next coming hours and days, and how volkswagen responds. they haven't had much of a response besides the statement on sunday. the head of the u.s. came out and apologized again and said they screwed up. step, and weext are waiting to hear from the board meeting tomorrow. we will see what happens. chris, might there be a criminal investigation? news from other automakers? the reputation has to be protected -- they need to come out to say something. chris: right, right. daimler is being very cagey, saying they are not the subject of any probe. bmw says it is not aware of anything right now. the french carmakers are also being a bit more proactive. one had a statement recently. but the scandal is really focused on volkswagen. they could be made a poster child. it is not as if carmakers don't do as much as they can to up their admissions are fuel economy ratings. it is incredibly important for the industry. so the industry does what it can. the problem is that volkswagen crossed the line and did something illegal. that is why they are in the f

driving it home for a company, a studious company -- you picture of volkswagen, an intelligent german company with the following of educated car nerds. it is like a frat boy move, cheating on the test is the last thing you would've expected from volkswagen. erik: jeffrey, lawrence is right, nobody has died and nobody will die as a result of this scandal, at least not directly because volkswagen cheated on its emissions test. at the same time, we are talking about tens of billions of dollars in potential penalties. we are talking currently about 11 million cars, but that is 11 million cars and volkswagen only. we have no idea which other carmakers may ultimately become embroiled. jeffrey: that's right. we can already see from the movement of stock prices of other automotive makers that there is some concern. until investigations, internal investigations are conducted in those other automotive manufacturers come to the conclusion they are doing things correctly, that uncertainty will hover over the automotive industry. i would agree that i would rank this somewhere in the middle of the

, what is next for volkswagen? top: plus, ford's oncutives giving their view this. i have a one-on-one interview with the president of the americas. speakjanet yellen will today. we have a preview and a special report. that's 5:00 p.m. here on bloomberg. good morning. in pimm fox. am him out. p --imm fox. i am matt miller. to dow jones industrial down 55 points. getting ever closer to the august blows. the s&p down 5.5% and the nasdaq off two thirds as the market prepares for janet yellen. pimm: obviously a lot of decline in the indices, the s&p and dow jones industrial with the decline of caterpillar shares. let's look at some of those machinery stocks. manufacturers of global mining construction equipment, deere, joy global, caterpillar all falling. more than fiven dollars per share. 's look at our top headlines. president obama will meet with russian president vladimir putin. the white house says vladimir putin requested the meeting. president obama was to see if he can make progress with putin on their differences over ukraine and syria. ad pope francis delivers historic address to

>> volkswagen seeks to replace their ceo after his resignation. has a message for the federal reserve, janet yellen is set to speak tonight. chair in ar from the wide-ranging interview on everything on the banking industry to how the euro is protecting the company's bottom line. grexit currencies have been positive this year -- >> currencies have been positive this year. ♪ anna: welcome to "countdown." it is just now 6:00. , let'sgen is a big story think about what is happening in the markets. that hasr index, but been doing since the federal reserve met, you can see it bounces up since the post fed fall from the dollar. we see it heading steadily upwards since last week. we have seen a number of hawkish comments coming through from the fmo say. -- fmo see. still on the table at the time when the federal reserve could increase interest rates? janet yellen will be speaking later today, 10:00 london time. ♪ anna: let's talk about volkswagen. they are looking for a new chief executive after martin winterkorn step down. -- stepped down. they will meet tomorrow to select his su

>> this is "dw news" from berlin. shows a volkswagen plummet after it admits it rigged some of its cars to make it look like they met clean-air standards in the u.s. when they did not. our business correspondent tells us why. also coming up, another fence goes up in hungary sends in the army to stop the flow of migrants across its borders, as thousands more try and cross from croatia. and pope francis meets former cuban leader fidel castro as the pontiff continues his four-day tour of the island. i am swelcome to the program. a huge selloff of volkswagen stock on monday with investors erasing more than 13 billion euros from the company market share in a single trading session. business under daniel winter joins us with more. daniel: that's right, and people say volkswagen has polluted his reputation. the company has admitted to secretly rigging its cars to faking emissions test results some vw and audi models. apparently the u.s. justice department is conducting a criminal probe into this, too, and the company could face billions in fines. here is more. reporter: only weeks ago, he

volkswagen. volatility in fx. we are seeing four year highs. morgan stanley says that volatility in currencies is entering a new era because we are so dependent on the moves and data. because everyone is going to look at every single spot of data and economics coming out and that will move the market significantly. , consumer confidence is likely to fall. the dollar is getting ever so slightly as we see officials ready to see a rate hike later this year. bank over there is interestingly putting out that the chinese growth forecast ought to be cut. it includes continuing to trade lower. issues about iran. that is what many are considering. down goes boyle as we see supply concerns about iran and copper down by 1% as the asian banks cut their growth forecasts for china. will volkswagen have opened? you know that germany is sometimes slow. it is down 1.6%. that they have totally screwed up but now asia is starting to weigh in on volkswagen. going to investigate in south korea if they met pollution standards. could the industry be tainted? rsa up 1.4%. remember the big selloff yesterday

shares up at the moment. we might not see it there, because volkswagen, we're not seeing that react yet. that is after the ceo steps down yesterday. we will see if we can find out who the replacement will be after the scandal. platinum,wonder why this could be affected because of the scandal at volkswagen if people turn towards gas, that means platinum demand could fall because it is used in devices which curbs commissions in diesel engines. jonathan: great work, thank you very much. we will bring you the volkswagen when we do get a stock price. japan is in focus, david inglis is there. a good morning to you, jonathan. the story, i would get to japan in just a second, mixed markets around the region. japan just reopened after a three day holiday so it is playing a bit of catch-up. that is dragging down the -- ai, vw still av er very big story. you get a lot of reaction here. have a look at the big movers, you look at a lot of these car parts makers, more so than compared to the automakers themselves. they make things like steering systems, bearings, 60% of revenues comes from toyota

from around the world. >> volkswagen keeps shares in the red as there will be personnel consequences. the ceo says the company screwed up. >> our company was dishonest. with the epa and the california air resources board. and with all of you. and in my german words we have totally screwed up. >> hillary clinton's war on drugs sends european and u.s.pharma shares into the red after she vows to take on excessive profiteering in the sector. the apple car could hit the road in 2019 but don't expect a self-driving vehicle. >> an enormous strain on our relationship. susan rice says cyber espiongae is hurting ties between u.s. and china. >> let's get back to our top story. vw shares hitting the skids for the second day. currently down by 5.5% as more pressure piles on the car maker to deal with the emission scandal that knocked the german firm. we need to go back to 2013 when the international council for clean transport ran tests on diesel car emissions. they expected diesel cars to sold in the u.s. to be exceptionally clean due to tough u.s. standards but they were surprised to find the o

hopeful is saying about it. >>> diesel deception. volkswagen shares plummet. sales of several popular models are suspended as the department of justice reportedly targets the automaker in a criminal investigation. >>> hack attack. why even the most valuable company in the world is not immune. all that and more tonight on "nightly business report" tonight for september 21st. >>> good evening, everyone. and welcome. volkswagen may face u.s. criminal charges over claims it cheated on emissions tests. more on that story in a moment. but we begin tonight with a decline in the biotech sector. the decline in that sector, its worst of the year, was fueled not by a failed drug trial but by presidential hopeful hillary clinton. the nasdaq biotech index fell about 4 1/2% after clinton said in a tweet that as president she'd crack down on what she sees as price gouging in the pharmaceutical industry. she promised more details tomorrow. now, those comments were in response to a report in the "new york times" of a 5,000% price increase, virtually overnight, in a 62-year-old specialty drug. now, we'

up his visit to cuba, and prepares to make his way to the u.s. >>> volkswagen's stock loses billions more in value as the company tries to control the fallout from the emission's scandal. >>> and china's president promises reforms, but cyber securities tend to overshadow his trip to america. ♪ >>> this is al jazeera america, live from new york city. i'm stephanie sy. pope francis this hour preparing to wrap up his visit to cuba. these are live images of the pope in cuba. he is meeting families there shortly before he boards a plane to come to the united states. >>> the pope celebrating his final has this morning. he told the cuban people to pray for him, and he asked them to e rediscover their catholic heritage. david arreowes ta has more from havana. >> reporter: pope francis is whereuponing up his tour of cuba. there has been some criticisms against this pope in terms of his lack of addressing human rights issues on this island. clearly those within the united states and well as dissidents were cuba were hoping to hear. his messages were more curtailed. one of the topics he menti

expected to take part in the pilgrimage. the coming up in this hour, volkswagen environmental scandal , the carmaker says 11 million had the software that rigged tests on emissions and we'll have the latest in business. we will look at the follow-up in scandal in the u.k. as david cameron is the target of allegations. that's coming up. hello and thank you for joining us on france 24. eu u.n. refugee agency says proposals to house 120,000 migrants will not be enough alone to stabilize the situation saying that nearly 478,000 people have arrived in europe by sea so far this year. eu countries have to hammer out an agreement on a quota system for sharing the burden between member countries. we go to brussels for the latest. the czech prime minister is refusing to sign on so where does that leave the eu summit? voiceis making sure his is heard. the czech government sent a letter to all the eu capitals illegal ands were if the scheme is introduced they will take it to the european court of justice. they are not the only country who thinks like that. romania has said for legal and practical

the damage to its image, volkswagen could face billions of dollars in fines in the united states. >> it is only about power and money, but it should not be that way. you cannot deceive your customers like that. they don't care. they are just interested in profits. i don't think that is right. how many other carmakers are doing the same thing and have not been caught? >> many consumers are asking the same question. the sector is likely to come under close scrutiny in the near term. there will be extensive investigations, which could also protect the reputations of carmakers with nothing to hide, but many consumers have already lost confidence in the sector. >> daniel winner from our business desk has been following the story all day. -- winter from our business desk has been following the story all day. >> it is difficult to see how he could have stayed on. his statement said that he was stunned and the company needs a fresh start. it is difficult to see how he could stay. investors were bloodthirsty for heads to roll. >> he is leaving a huge mess behind. is there any way to minim

visit ncicap.org] ♪ sarah: this is dw news from berlin. volkswagen's top boss says sorry. customers were tricked into thinking cars were more environmentally friendly. his job is on the line as vw's supervisory boards meet. and settling hundreds of thousands of refugees around the block. thousands are pouring in every day and many say it is not enough. and in burkina faso, the leader is not ready to surrender just yet despite an ultimatum from the army running out. i'm sarah kelly. welcome to the program. it has been a day of accelerating crisis for car giant volkswagen. it is facing a criminal investigation by the u.s. department of justice, a probe and a catastrophic loss of consumer confidence. chief executive martin winterkorn has apologized, but is it enough for him to keep his job? >> the omission scandal has shaken volkswagen to the core. the german carmaker is being forced to retest vehicles in asia, the u.s., and europe. it is a worst-case scenario for the company's chief executive martin winterkorn that apologized on a video on the company's website on tuesday. >> i offer

. an investigation into volkswagen. still on track, janet yellen gives the dollar of boost as she confirms the fed still sees interest rates rising this year. japan's inflation gauge falls into negative territory, despite the governors unprecedented monetary spending. welcome to countdown, i am anna edwards. just about six a lot here in london. let us talk about janet yellen, the message she had to give to the market yesterday. i have here a dollar index, we have a bit of a bounce going on in terms of the reaction we are seeing. the big message from janet yellen last night, along with the hawkish voices heard in recent days, she was confirming the 2015 is when the majority think we will see a liftoff and interest rates. barring any big surprises, of course. that gave the dollar of those. it did not post expectations of a rate rise, if you look at what the fed fund futures are saying, they're talking about the 47.5% chance of an increase in december. it did move some of the yields, though. if you look at two-year treasuries, a muted reaction -- a big drop you see was last week arou

volkswagen ceo busted for cheating its way around the lot. tonight the fallout on the car lot. >>> and remembering yogi. the hall of famer whose home plate heroics an home spun wisdom made him a legend. "nightly news" begins right now. >>> pope francis in america. this is "nbc nightly news" with lester holt. reporting tonight from washington. >>> good evening. for pope francis a day that began at the white house ended at the alter, behind us the shrine of the immaculate conception where behind us pope has concluded a mass in front of an estimated 23,000 people. a moment wrapped in joy and controversial as we explain in a few minutes. but we see at infection and adoring crowds and an equally adoring pope. all swept up in a sea of excitement along the streets of washington. babies held high and children blessed. the lighter moments of a day that brought together two of the most powerful men on earth. who also happen to share a similar agenda. we begin our coverage of nbc's anne thompson ann? >> reporter: lester, today the humility of pope francis intersected with the seat of ame

all six-month exile in saudi arabia. and the volkswagen says sorry for the cheating scandal engulfing germany's biggest car maker. ♪ now there is a fresh attempt to resolve the political crisis in burkina faso following last week's coup and president of sinagol and others and nigeria will be heading to duck duck to reinstall the deposed government according to a draft communication from the original group echo and charlie angelo has more. >> reporter: singing the national and them of burkina faso residents loyal to the government have poured into the national square to protest against the coup. they were joined by national army troops who entered the city overnight. their altimatum to soldiers behind the coup surrender or face attack and deadlines passed and negotiations are still on going, the release of zito was welcomed by the people who want order quickly restored. >> translator: we are counting on the army and the international community to find a way to resolve this problem peacefully. but as the army has said if a peaceful solution is not found then i think it will

education. >>> officials at german automaker volkswagen are dealing with a scandal that's spreading quickly. car giant said it used soft way to rig u.s. emissions tests and now authorities in europe are grappling with the same issue. ramin mellegard joins from us the business desk. volkswagen isn't seeing an end to the scandal any time soon. >> exactly. and this is really rippling through the whole auto industry. it's a huge focus with everyone wanting to see more details. officials at the german carmaker have already admitted in the united states, they put software in their diesel vehicles showing better emission results than in reality. now germany's transport minister says volkswagen did the same thing in europe. the european union is urging member states to investigate vehicles sold in the region. alexander dobrin said the company informed the jer than government about the rig testing in europe. he announced plans to determine a probe to determine the number of aecte vehicles in europe. voen aitsbout ion its vehicle e wod are installed with the same kind of software. meanwhile,

with us in the studio. we will start with the top story come tonight, the following at volkswagen following the scandal about machines fitted to 11 inlion cars set to rig missions. it is a credible. markus: the size and scope of the scandal that broke at the end of last week is growing. 11 million cars we found out were fitted with these devices that were meant to cheap emissions tests. volkswagen has been paying the price in the markets this tuesday. for the second incentive day, we saw a sharp fall in volkswagen shares, 16% more than 16% at the end of trading on tuesday. at the same time, the company says it set up 6.5 billion euros to cover the fallout of the scandal. the chief executive of the german car group has also issued a video message. martin winterkorn pledges to get to the bottom scandal by saying he is endlessly sorry. let's take a look at that apology. winterkorn: at this time i don't yet have all the answers to all the questions either. but we are in the process of mercilessly investigating the background. everything will be put onto the table as quickly, efficient

said to be making a criminal investigation into volkswagen. that is after the automaker admitted to cheating on air emissions tests. u.s.hile their top executive has apologized previously for the scandal saying we have totally screwed up. guy: chinese president xi jinping makes his first visit to the states today. china's military moves into the south china sea. will participate in a meeting with top executives. he will address the annual meeting of the yuan -- u.n. generally jenna -- general is a boy. -- assembly. of atlanta chief, remainsockhart said he confident that policy will be tightened this year. guy: once returned to the state the chinese premier. he has there today for his first visit since he became president. david is in hong kong. his message for the u.s. businesses he will be meeting? seattle. will go to washington state exports more than any of the other state to china -- states to china. microsoft and boeing are there. his message will be a message to try to reassure business leaders that they can have access to chinese market. -- markets. the chinese have apps -- a

grows on th volkswagen, they'll be asked about the safety wear that helped to cheat emissions tests. >> hello there, is a fresh attempt to resolve the political cries in burkina faso after last week's coup. leaders will be heading to burkina faso on wednesday to discuss the disposed government. we're in the capital from we have this update. they feel confident because they feel reassured by the military presence who promised to protect them. the presidential guards are back in their barracks. now concerning the echo agreement we're expecting the visit of nigerian to come tomorrow morning to propose some of agreement remember the population here are very much frustrated with what th they are proposing. that's because one of the points of amnesty offered to the presidential guards. remember, this isn't just about the coup that happened last week. the presidential guards have been in power for the last 25 years. they've been i am tim dating the population and killing political opponents. here in civil society there is no question about it, they want that group disbanned. they feel that

latest business news. it will take the wheel and volkswagen with the latest on the environmental scandal that has forced the chief executive of the company to quit. vw cheated on emissions tests in europe. x for joining us on "france 24." i'm catherine norstrom. we start off with -- i am catherine norstrom and. at least 310 people have been killed in a stampede at the annual hajj pilgrimage. hundreds of other people have also been injured in that crush. you are seeing features of the chaos near mecca. our correspondent has the latest. >> tragedy and grief on this holiest of days. hundreds of pilgrims were killed in a stampede in mina on thursday, and more injured. the site is the last stage of the hajj pilgrimage to mecca and was particularly crowded for the festival of eid al-adha, the most important day on the islamic calendar. much of information has come from the saudi arabian civil defense agency, which had been tweeting regular updates regarding rescue operations and precautions for visitors. crowd control is a pressing concern during the high. this -- during the hajj. this

the world. >> volkswagen scandal keeps shares in the red as a board member says there will be personnel consequences. the car maker's u.s. ceo says the company screwed up. >> our company was dishonest with the epa and california air resources board and with all of you and in my german words, we totally screwed up. >> the fall out failed internationally as they call for a probe in countries like south korea. switzerland launched their own investigations. >> she vows to take on excessive profiteering in the sector. >> hungary orders the army to take on the influx along the border. >>> volume -- volkswagen hitting the skids for another. we're down 4.4% today following the 20% decline yesterday. how did volkswagen take such is a wrong turn? 2013 they ran test on diesel car emissions. they expected diesel cars sold in the u. s. to be exceptionally clean due to tough u.s. standards but they were surprised to find quite the opposite and reported their findings to the environmental protection agency. the epa finally challenged the car maker and issued a statement calling on volkswagen

problem. >>> volkswagen ceo martin winterkon resigns as the fall out from the scandal conditions. >>> and the catholic pope is welcomed by barack obama at the white house. >> jailed al jazeera journalists mohamed fahmy, baher mohammed have been pardoned by egyptian president el-sisi. they have been freed as part of a group of 100 prisoners who were also granted pardons. but none of the journalist who is were sentenced in abstentia were pardoned, including peter greste, who spent 13 months in an egyptian jail before being deported in february ahead of his retrial. >> freedom at last for al jazeera producer baher mohamed and freelance producer mohamed fahmy. >> what are we going to do? travel the world, celebrate, party. we just really hope that our families have suffered so much since the beginning of this trial, and we're very happy that president sisi took this action. >> the whole nightmare is over. we can live like normal people, go home and enjoy my life. that's it. >> the pardon by president el-sisi is the end of a long ordeal which began in 2013 when they were arrested alon

. >>> let's kick things off with our top story. two reports other the weekend say volkswagen already knew about the i will legalities. in 2011 a vw technician pointed out unlawful practices. the question is though what they knew, when they knew. we also, by the way, have a new volkswagen ceomathias mueller taking over volkswagen. the former chief executive of porsche says he vows to get to the bottom of the scandal. >> this is interesting, susan. the ecb is no longer including loans as part of its bond buying program according to reports. also want to show you what shares in vw are doing this morning. first time i checked this morning they are down and they're accelerating their declines up by 3.78% over the course of the last week off by 22%. what a drop by shares in that company. let's get back out to nancy. it's a really tough road ahead for the new ceo? >> reporter: it is, carolyn. that's right. just adding to this is the ecb report as you mentioned really indicating the fact that the unserp at thu uncertainty is weighing not just on the market but the credit worthiness. matthias

last night. let's get back out to nancy that joins us from volkswagen headquaters. this could be a make or break meeting for the ceo. >> that's right. it certainly could be make or break because the ceo needs to convince the others. he's still the right man for the job to steer this company through a very serious storm. it's not just about the u.s. where they're already piling up and facing orders to recall about 500,000 vehicles. this case could stretch into europe and beyond so a lot is at stake here. some of the 70,000 employees that work here, they would think listening to the radio and local newspapers that it was a foregone conclusion at this stage but he doesn't seem to agree. he released the second serious apology in a matter of three days, this time with a video message stressing how sorry he was and what he intended to do to win back the trust of the customers. >> i personally am asking you for your trust as we move forward. we will get to the bottom of this. we're working hard on the necessary technical solutions and we will do everything we can to avert damage to our cu

important visits. we'll see what comes of both >>> the scandal that could cost volkswagen billions, a widening investigation into cheating on emissions >>> indonesia takes action in response to the dense haze over the country's skies. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. it's gotten squarer. over the years. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. >>>the investigation into volkswagen widened dramatically. it's admitted to rigging software in 11 million cars. france is the latest country to demand information. it led to

. strictesting thef standards following revelations in omissions testament volkswagen appoints a .ew ceo tom: good evening. prosecutors in switzerland have begun criminal investigation into sepp blatter, the head of fifa good he is suspected of being involved in criminal mismanagement and misappropriation while in the role. among the specific allegations, corruption surrounding the opening of the world cup to russia and qatar in 2018 and 2022, respectively. it is the first time authorities have specifically pointed the tter, resident at the helm of fifa since 1998. reporter: sepp blatter has always claimed individuals outside fifa for their current state of widespread corruption revealed last may. the swiss authorities seem to think he might've been involved in wrongdoing. fifa leader was question on friday and placed under investigation good the swiss attorney general explained why. >> we suspect that on the 12th of september, 2005, mr. blatter signed a contract with the , unfavorable to fifa. on the other hand, there is a suspicion that in the implementation of the agreement, joseph bl

where the character breaks the third plane there. >>> coming up, a new twist in the volkswagen scandal. their ceo surprised but not totally unexpected announcement as car owners around the world try to figure out what to do next. >> this morning, we're going to the dogs. if you've got a pup in your family or thinking about it, we've got some tips. but first, today's forecast. you're watching "world news now." >>> "world news now" weather, brought to you by the gerber life insurance. i take prilosec otc each morning for my frequent heartburn because you can't beat zero heartburn! ahhh the sweet taste of victory! prilosec otc. one pill each morning. 24 hours. zero heartburn. we've been changing things up witoh yeah.ve. it's a pleasure gel that magnifies both our sensations. it gives us chills in places we've never gotten chills before. yeah, it makes us feel like... dare to feel more with new k-y love. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligi