Can Stocks Continue to Rally Amid Global Tensions?

July 18 (Bloomberg) -- JPMorgan's Anne Lester, Princeton's Alan Krueger and Pimco's Richard Clarida discuss where the best opportunities in stocks are and the state of the European economy with Trish Regan, Alix Steel and Matt Miller on "Street Smart." (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
27:17 - 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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