Analyst Dowd on Bloomberg's Obama Endorsement

Nov. 1 (Bloomberg) -- Matthew Dowd, Bloomberg political analyst, talks about New York City Mayor Michael Bloomberg's endorsement of President Barack Obama for reelection. The mayor, who is founder and majority owner of Bloomberg News parent Bloomberg LP, endorsed Obama in an opinion piece written and published on Bloomberg View. Dowd speaks with Adam Johnson and Alix Steel on Bloomberg Television's "Street Smart." (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
24:09 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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