emily: i'm emily chang in san francisco. this is "bloomberg technology." in the next hour, turkey's president called a boycott of american-made electronics in response to sanctions. what crisis in the country could mean for the iphone and more. u.n. musk in the tesla board go over private plans and musk is being advised by goldman sachs as critics continue to doubt his transparency. how does one of the most high

players in youngest the nba balances game on and off the court? we sit down with jalen brunson. first, to the top story, president or one remains affiant in turkey -- the turkish president remains defiant in turkey. he calls it an explicit economic attack. it ins what he had to say his pitch -- say in his speech. [indiscernible] products, we will by customs. signs the u.s. showed no of relenting warning there will be no negotiations about sanctions until it's detained american pastor is released. one of bloomberg daybreak's

anchors had this recap from his temple. >> a series of speeches to find a combination around turkey in the last few hours starting with their presidents speech -- president's speech. he believed the u.s. was responsible for a lot of its turmoil and that they are under attack. as a result, he added they would boycott american products, shifting specifically away from iphones to other alternatives like samsung and domestic options. we heard from the finance that --y called the u.s. dollar a tool of political pressure. we saw a recovery in turkey's assets, bonds, and the lira.

bestght not be the reflection of the market as liquidities went down. the country will look for sustainability and credibility among international investors. for more, let's ring an hour tv editor romaine bostick and mark gurman covered -- let's , romaineour tv editor bostick, and market german. -- mark gurman. >> this news is very significant. why's the saying iphone banned in turkey all of a sudden? people do not understand the trade situation. what if this is the start of the new thing where different companies are building iphones locally or making it more difficult for them to sell? we saw this in india, and now we have turkey. is this going to continue to be a domino effect?

that is the problem. tim cook met with president trump over the weekend and here's a clue on what might have been discussed. tim cook addressed the trade dispute on the earnings call a couple of weeks ago. take a listen. >> our view on tariffs is that they show up as a tax on the consumer, and result in lower economic growth when they wind up. sometimes, it can bring significant risk of unintended consequences. that said, the trade relationships and agreements the u.s. has between the u.s. and other major economies are very complex. it is clear several are in need of modernizing. emily: in need of modernizing. is hedging acook little there. what do you imagine transpired

in the conversation with the president and how much sway does a company like apple have as the most valuable company in the world? amaine: not just that, it is major employer and has a major impact not just on california, but a lot of other states as well. i think tim cook knows that. this is not unusual. anytime you have a ceo of one of the largest companies in the , they had to have good relationships -- have to have good relationships with who is in power at the time, and they have to make sure the economic environment was stable enough to stabilize what they are trying to sell. emily: the president of turkey has called for turkish citizens to buy other smartphones. that company is pretty excited. how to their products compare? mark: it is two different

worlds. the iphone is a premium product and these are more lower end and mass consumer. if you think about the iphone market, in turkey, i saw stats on bloomberg indicating an --one x is significantly the cost of an average income on , thethly basis in turkey iphone x is not in a portable phone -- and affordable phone. -- an affordable phone. --y two apple stores costs stores are cross turkey. -- the big problem long-term is if other companies tack onto this and ask apple to buildings locally. emily: given the strength of the turkish lira, what is the purchasing power of people living in the country to even by american electronics in general? romaine: it is not high.

mark talked about the five times the income there. keep in mind, and iphone x, the lowest model would be about 7500 lire. 1200 orsomewhere around 1300 u.s. dollars. that is pretty pricey for an economy that has been at the same level as the u.s.. electronics, this is not the big market for imported electronics. when you think about the amount of monarchs -- products they import, electronics is a less of 10th -- is less than a 10th of that. this is not an economy that is in a position to afford a lot of these higher-end models to begin with. now, with of the depreciation of the currency, it is looking less likely they would be able to afford it given all that has happened. the message from the turkish president has moved into a

certain extent until this economy gets back on track. most of the citizens will not be able to afford the products. and the prices because of the exchange rate makes a lot of these electronics on affordable to many people in turkey. apple has had their struggles in turkey. i'm looking at this from the long-term and a long game. how will this affect apple in other countries? emily: perhaps it is more threat of bark than bite. i want to stay on apple for a second. apple shares were sold in the second quarter before they crossed the one trillion -- $1 trillion threshold. romaine, we are expecting to see more of these 13 filings in the next few days. do you think we will see more of the same from other big tech hedge funds? romaine: i took a look earlier

today and you got a couple other hedge funds which had a impact in their holdings. the investorwhy has gotten out of this position but he has been on the wrong trade on many companies. as we get more filings, the shares had a good run -- keep in mind the shares had the good run prior to the second quarter. it would not be surprising to see some hedge funds cash in their chips. you could have looked at this stock in said that was the top. they would have been proven wrong, but it is not like they lost money on the straight. apple was a fantastic trade for the past couple of years. tim cook made it clear it is continuing to look for long-term investors. romaine bostick and mark gurman, thank you much.

bloomberg is hosting the second annual players technology summit. we will speak to jail and brown of the boston celtics making big moves on and off the court. if you like bloomberg news, check us out on the radio, listen on the bloomberg app, and in the u.s., on sirius xm. this is bloomberg. ♪

emily: the second annual players tech summit is underway. it is a gathering of world-class athlete, entrepreneurs, taking place right here in san francisco. guest joined the

nba, he quickly made an impression on and off the court. jalen brunson is with us here now. 21 years old, you have obviously made an impression in the basketball world itself, but you also interned at a venture capital fund, hosted a tech summit, what are your goals off of the court? jalen: that is a long-winded type of question. rolodex andilding a finding the right resources to put myself in a position to be more successful than i was last year and the year before that. emily: what have you actually done so far? i know you are educating yourself, talking to people, and you're not educating -- not investing it, but are asking. jalen: i give a lecture at harvard on indication -- education. talking about connecting worlds , business,ketball and others, that could be a bridge.

i think it was the youngest lecturer in harvest history and it did the most numbers, like half a million views. i've been trying to keep myself up-to-date. emily: most athletes would not think about this until further into their career, their second career, their athletic career. why now? jalen: leverage is now, especially while you are playing and young. old and i21 years mature enough to be in the space and talk about education, and about about -- talk investing. when you start playing, your leverage goes out the window. being 21, everyone wants their hands on what the future might be. the future is key, so being young, you have a lot of influence and leverage. emily: how do you maintain focus on the game on the court?

at the same time, you had a great post season and a tough upcoming season if you are maintaining that. jalen: life is about balance. basketball is my craft. outside of basketball, you have a little free time. i'm human like everyone else. they have a day job and go and in war -- and go and enjoy watching sports. sports is my day job and i go and do other things. emily: what investments are you excited about? jalen: i'm curious about a lot of different things. abouteen reading a lot the online gambling scene and i'm curious to see where that goes. you probably know more than i do, but i'm super curious to see where that goes. and, hearing about the new technology that will be prevalent in the few years. emily: i'm curious to hear what you think given several of the barriers to sports gambling are now dropping. what do you think the rule of players should be in that? jalen: that is the part i'm

curious about, i would ask you the same question. i'm not sure. when a lot of money gets involved, gambling was already a billion dollar industry, and it was not even legalized federally. now it is. emily: what about bitcoin and cryptocurrency? jalen: they are giving a panel discussion downstairs right now and i'm going to learn a little more about it. i was just explained how it works, and what my understanding is, a lot of people by a lot of computers and they work together to rectify, make money, and things like that. it is not the easiest thing to understand. that'swell, i monitoring panel so i will ask for crypto one-on-one lessons for all of us. it is going -- it is going to be a big season, lebron james and all.

how will that change the game? jalen: i think he has had a strong hold on the east for seven years. air i guess it is up in the . i think the celtics will be the team to hold it down for the next seven or 10 years. just speaking with mark gurman and he made a prediction that celtics warriors in the finals next year. would you think? celticss long as the are in the conversation, i could care less who we play. emily: [laughter] you are an incredibly young player as many have pointed out, what you think about the around people in the nba? the argument would be, if you could serve your country at 18, why not be able to play basketball? that is the argument everyone talks about. but, nba is their own foundation

so they can make their own rules. limits, you will see interesting stories. there will only be one or two kids ready per year because the talent level is so good in the nba. if they're ready, why not let them come out? emily: there is physically ready, but there is also the emotional readiness and responsibility that comes with it. how do you rise up to the responsibility as being an nba player at just 21 years old? what is that like? jalen: it can be overwhelming at times. being in a new atmosphere, new environment, not too sure what is going on or how everything works, you can easily be influenced by the wrong things. especially being young and trying to gravitate or fitschen -- or fit into what you think the lifestyle is. it can be good or bad.

in this space, you govern yourself. emily: how have you governed yourself? andn: i have made mistakes had to figure things out. i've done things like sitting down and evaluating how i spend my time. the way you spend your time is crucial. people have defined their interests outside of sports. if you do not have any interests a sound -- outside of what to do, you will be board. for me, finding what i have been interesting and -- interested in and attacking it has been key for me. emily: we see the introduction -- intersection of sports and politics. lebron james recently criticized the president in an interview with cnn and the president responded insulting the anchor saying lebron james was just interviewed by the dumbest man

on television and he may lebron look smart which is not easy to do. i like mike. a reference to michael jordan. what is your thought on this? jalen: my thoughts. another long-winded question. i think it is interesting. i don't know if it is propaganda or for media attention, it is interesting to see -- but it is interesting to see how the leader of our troops hands over his self in such a manner. it is kind of like a high school scenario saying i like mike. it is weird for me to see that. i would expect more from the president that is supposed to be in charge of the country. i would not expect these actions, but everyone has their own way of handling them, so i let him do him. seen: we have certainly players and teams speak out against the president. do you think he is trying to use a sports to divide the country?

jalen: i'm not sure. that is a question someone will have to ask him. a good jobis doing of making a lot of people upset. thing in ournique country. it's almost like a sacrament for religion. james andise lebron anyone else. sports is powerful and i think he realizes that, and that is what the conflict begins. self: do you see your speaking up for speaking out where you believe it is necessary? do you think that is one of your responsibilities as a player, role model? jalen: i don't think if responsibility is the right word, but i feel like i have influence and i have a lot of people following me with eyes. i'm 21 years old and thinking about the kids from my neighborhood in my community that are looking up to me and seeing me handle myself a certain way.

so i have responsibility in that sense to handle myself a certain way. as far as the president's shenanigans, i do not feel responsibility for that. emily: you are back here in a year, what will happen for you next? what is next for jalen brunson? jalen: i'm learned different things. the two things i always say is i'm apply on the wall or the elephant in the room. right now, i'm a fly on the wall so i'm learning and enjoying that. emily: we will see you down there. thank you so much for joining us. much more coming up. bloomberg tech's livestreaming on twitter and you can check us out @technology and check us out on tictoc on twitter. this is bloomberg. ♪

emily: bitcoin has fallen to its lowest levels since june. it extends and drops below $6,000. dozens of digital tokens are falling as well. there are hopes a new etf will attract new investors to the world of digital currencies, but u.s. regulators have not signed off. a group of tender founders, executives, and employees have sued match group saying they are trying to cheat them out of billions of dollars in options. created an

artificially low evaluation of tender -- tender to avoid paying the group money they are due -- tinder to avoid paying the group money that they are due. one chipmaker said new capabilities will drastically shorten production time. steps up, tesla's board in and what they plan to do as elon musk continues to tweak his plans to take as a private. that's next. google's privacy problem is later in the program, their privacy software tells you where to go and they are tracking you even when they tell you not to. we will discuss. this is bloomberg. ♪ ♪

emily: this is "bloomberg technology." i'm emily chang in san francisco. now the continued saga of elon musk wanting to take tesla private. the board stepped in, announcing it created a special committee to review the idea. the group, made up of three independent directors, has the full power and authority to evaluate any transaction to take tesla private. tesla stopped short of any assurances they would follow through on musk's proposal. stephen, what do you make of the moves we see now, in retrospect from the board,

almost a full week after the initial tweet? stephen: they are in a tricky situation. musk is under investigation, if,ng it harder, even which it sounds like it wasn't, funding was secured. if you come in with whatever they need, $20 billion, a lot harder to get someone willing to come in with that money with the ceo under investigation. the other problem, if they go through with the transaction, now that there has been some hadng that musk have not -- not thought this through, they could be sued if the transaction goes bad. emily: let's talk about the potential ramifications. we heard earlier from an sec -- a former sec attorney. >> he is subject to the same ramifications, making an untrue statement when you don't have a reasonable basis, impacting the securities market, that is still

a violation of the antifraud rules. in addition, making any kind of a statement as to a tender offer, whether or not you believe you are going to follow through with the offer, that's another dilation. -- violation. emily: as you said, it seems funding was not actually secured, but elon thought he could secure the funding if he wanted to. he dropped names like the saudi investment fund. the new york times reporting sources on that side say, there 's no paperwork done in terms of a potential deal, and the board was taken by surprise. all this put together, what are possible ramifications for elon musk? stephen: even if he can get the funding secured, which is a high bar, he has a problem, an even bigger problem, the second tweet that said the deal is ready to go, all we need is shareholder approval. if the saudis were doing the

private transaction, there would have had to be regulatory oversight, a vote on whether a foreign entity could take over tesla. it doesn't say having the saudis as the potential funder. i don't know if it is a criminal investigation. i debated my colleagues whether this crosses into that. i think for it to be criminal, he had to be cashing out his shares on the tweet, but it s eems like market manipulation, and that is securities fraud. he could see himself removed for a certain period of time, maybe temporarily not be allowed to be an executive of a publicly traded company. he could, like martha stewart, be banned from being an executive of a publicly traded company. emily: meantime he continues to trickle out more specifics on twitter, earlier saying he's excited to work with silver lake and goldman sachs as financial advisors, and named a couple law firms.

you point out in your piece, while elon musk's biggest problem might be that tesla is a public company, tesla's biggest problem is elon musk. explain. stephen: it was true before, but certainly true now. the fact that it will be harder to do this. even if they could do it before, it will be even harder, because anyone will be worried he might be separated from the company. elon musk and tesla are intertwined. that's part of the excitement, him being there to see through his vision. a private investor is not going to want to get into this, to the tune of tens of billions of dollars, if he might be removed. it is just, as a public company, it has done well. he hates the criticism, but it trades at 140 times next year's earnings. the public market likes tesla. i is not clear, and again, don't know what the stock would do absent this private equity

deal, going private deal, i don't know what the stock would do, but i think it's a better problem -- public company than it is a private company, where it mostly got the call shoulder from the debt markets. emily: that said, he's naming some legitimate financial advisors. stephen: once he puts his hand up, all the people will jump in. there's potential for fees, so they will jump in. silver lake had said they are working with musk, but not taking any fees. hard to gauge what this tweet about the advisors means. emily: what's the over-under on if he can get this done? stephen: nothing. [laughter] there is no shot it gets done. no shot anyone puts their money in. the way he has done this, he can't get it done. it was a hard deal anyway, because he would have had to come up with this kind of very weird structure, because he wasn't going to come up with the

full $70 billion, could not take on any more debt, so it had to be this public-private hybrid. that would be hard anyway. now it will be really hard with an sec investigation. lastly, if the board goes through with it, they kind of look like they are doing it to save him. if the transaction goes poorly, they will be sued as well. emily: leaving us with no doubt as to your thoughts, steven gunn del of- stephen gane bloomberg opinion. .usk made news beyond tesla spacex unveiled its crewed dragon spaceship capsule. uro reporters met with the fo astronauts who will find it. launch u.s.wer to astronauts from u.s. soil. the goal is to have a first

crewed launch in april. we will get to tesla private questions in a moment. but first, nasa gave assignments for the first nine astronauts riding commercial spacecraft. five to boeing, four to spacex. how big a deal is that? >> it is a big deal. it takes us into a whole new era. we have been basically, the united states has been renting space on soyuz rockets and capsules to get our astronauts to the space station the last seven or eight years. for the first time in a while now, we have the opportunity to launch our own astronauts on our own rockets. emily: elon musk has been perhaps a little distracted this week with tesla, but he has his coo of spacex. as far as you can tell, is everything going to plan, to schedule, with getting the first crew launched in april?

>> i think so. i think the development of the talking nine rocket, as well as the dragon capsule over the last two years has been steady, has gone well. it has not had any major technical glitches. i believe the boeing caps off, starliner, the leaks, butme feeluel spacex has gone on schedule. emily: there's a lot of doubt as to whether musk can pull out this tesla go private plan, but if you can, he compared the model he aspires to the spacex. how could tesla benefit from spacex's private structure? marco: keep in mind, both these companies, tesla and a spacex, have entered very conservative, very traditional markets. tesla in automobiles, spacex in

space launch. what spacex has done in a very short time, the last 10 years, has been to become the world's premier commercial launch company. to do that in a very competitive market, in a very short time, is nothing less than spectacular, and he has done it by creating products, launch vehicles, that are very affordable compared to the competitors, by far, and very reliable, and he's also done it by investing in innovative technologies, like reusable launch vehicle technologies. now, when they launch falcons, the first stage comes back and lands on its own. i think, what happens when you are a private company, you don't have shareholders looking behind you, asking, why aren't you doing this, why aren't you doing that, why isn't the stock price

going higher, quicker. with a private company, you have the luxury of planning for the long-term, not worrying about short-term events, short term stock prices. emily: i wonder how tesla employees will feel about this. spacex employees, because it is a private company, they can sell shares once every six months, but tesla employees can sell them whenever they want. what would you imagine the impact for employees would be? how do spacex employees like the structure? marco: i can't comment on tesla. that's not really my area. i imagine that is something they would not like. there are some downsides to going private, but on the whole, private companies are allowed to be more aggressive, more innovative. i think if he wants to accomplish with tesla what he has accomplished with spacex, i don't think he can really do that as a public company. seniormarco caceres,

analyst for space studies at the teal group. janus partners disclosed to new positions in facebook and aliba ba, microsoft, alphabet, grubhub and dxp technology. they exited several high profile positions including northrop grumman, correct, dr pepper -- keurig, dr pepper and cigna. coming up, is google tracking you even when you tell it not to? the aclu on the latest battle in respecting user privacy next. this is bloomberg. ♪

emily: intel disclosed three flaws in microchips that could

be exposed by malicious actors. they could be used to steal information like passwords and financial records from computer memory using malware. intel says they are known and fixes are in place. the chipmaker added that it would be very hard to exploit these flaws. another big firm appearing to violate user privacy. this time the culprit is google. smartphone software continues to track your location even after you tell it not to. google says users can opt out of location history tracked all the time, but according to the ap, which originally broke the story, that is not true and google continues to store timestamps locations without permission. said that location history is a google product that is entirely opt-in, and we make sure you know when you disable the project. joining me, legislative counsel for the aclu.

these privacy violations have unfortunately become almost routine. how egregious as this one, in particular? >> it is disturbing here that users thought they were having information not collected, and that's exactly what google was doing. what i think it does is point to a larger problem, that we don't have comprehensive privacy legislation. we don't have rules of the road that say what companies have to do, what consumers should do if rights are violated, and what actions they can expect from the government. emily: so what actions can we expect from the government? is this something that legislators, and we have lawmakers speaking out on capitol hill about this particular issue, but are we going to see real action? neema: we certainly should see real action. a debatehere's happening in congress right now. these privacy violations have become almost routine. we are seeing time after time,

cases are users expect information to be treated one way, and companies are trading it another way, and a lot of legislatures are asking themselves, shouldn't consumers be able to expect they control their data? shouldn't they have the information, the ability to stop who it is shared with, when it is collected? that's the very real debate happening now. emily: given that there are not sophisticated enough laws around privacy, are there legal implications here to what google apparently has been doing? neema: certainly. the federal trade commission can look at whether google engaged in deceptive practices. did it say one thing to consumers and do something else? that is certainly an option. be state also regulators who can take action based on particular state laws. but this is really a problem that's bigger than google. a couple months ago, we talked about facebook and cambridge analytica.

today it is google. tomorrow it might be another company. what we need are clear rules, a way for consumers to get the information they need, to make informed, real decisions, and we need a powerful fix from the government in cases where companies don't act the way they are expected to. emily: i should add, these google services according to the apr story the -- ap are storing the data whether you are using an android phone or an iphone. do you think the u.s. needs its own version of gdpr? europe has taken a strong stance on the side of user privacy. gdpr, a sweeping new regulation. do you advocate something similar in the united states? neema: absolutely. we are really behind the eight ball, especially when you look at what's happening in the european union. the gdpr relations -- regulations, they are not perfect, but they create standards. they say consumers are entitled to have information about when their data is stored.

they talk about the steps companies have to go through to get consent, before they can share user information, and they come with a very heavy stick, inm . when companies violate gdpr, they can be fined up to 4% of annual global revenue. there is a big incentive for companies to follow the gdpr and take steps proactively to make sure they are not violating consumer privacy. emily: meantime, apple has set itself firmly on the side of going as far, as to not unlock the iphone of a shooting suspect in san bernardino. do you think apple is a company we can trust? neema: the reality is, should not have to rel -- we should not have to rely on the benevolence of a particular company. business practices change over time. certainly different companies have different incentives to collect their customer's data. google and facebook, they collect data to target ads, a

big source of how they make money. but we should not have to rely on a particular company's practices. should be clear standards in place, that congress and our legislatures put in place, so even if a company changes business practices, consumers are not the ones that pay the price. emily: thank you so much for weighing in. still ahead, or b&b is not for individual homes anymore. the latest addition to the start of's rental -- startup's rental list might surprise you. this is bloomberg. ♪

emily: alphabet is investing $375 million into oscar health. the company, selling health

plans under the affordable care act since 2013, plans to use funds to fuel its entrance into the private health insurance plans for seniors. it comes months after google participated in a funding round for oscar. airbnb is not just relying on individual renters anymore. it is sharing its own spaces. in partnership with a development company, airbnb is opening its first branded building in nashville where it will rent apartments to tourists. the move following a similar announcement last year in florida is part of airbnb's larger initiative to partner with real estate developers and facility managers who have criticized the start up for allowing illegal subletting. they plan to launch as many as 14 airbnb branded complexes across the country. here to tell us more --how exactly is this going to work? >> this is a fascinating new project air b&b is pursuing,

opening these buildings where people live long-term. year-long leases. they live there normally, and then they also sublet apartment on a short-term basis to tourists. emily: so are these buildings owned, part owned by airbnb? olivia: they are owned by the developer and license with airbnb. a partnership, airbnb gets a 25% cut of what the residents make when they home-share. emily: so how do the people who live in these buildings already feel about the project? olivia: the people i spoke with are not happy. they are pretty upset. they feel blindsided. they did not agree to live in a hotel. they came in, purchased the buildings, opening as many as 14 buildings by the end of next year. so some people seem upset. i structure a few people excited about the idea, maybe they just need to warm up to it. emily: and it could also mean a new revenue stream for them. they can rent out their apartment whenever they want. olivia: exactly. a legal sublet that they are doing.

i think people feel a little blind-sided, by the idea that they have come in and essentially signed a lease without agreeing to live in a hotel, so to speak. niido says they will work closely with residents to help them feel more comfortable. emily: is this legal? are there regulatory issues here? i imagine new york city would not be happy with this. olivia: as far as we know, they are not doing one in new york city. they have one in kissimmee florida, and nashville, tennessee, where it is legal to home-share in the areas they are setting up the building. emily: so what is airbnb's longer and game here -- endgame here? are they going to open hotels? olivia: it is interesting. airbnb says these are not hotels, that they are encouraging legal home sharing. as we watch the company closely, they are moving to create more

hotel-like listings. earlier this year they announced airbnb plus, a hotel-like listing service that they have. they make sure you have matching towels, matching sheets, that there are amenities like a working hairdryer, an iron. they are trying to standardize their listings more, appeal to people who want the higher level of service, the standardization, to feel like they are getting something more consistent, like a hotel. emily: could this go international, where there might be fewer regulatory issues? olivia: it certainly cut. as far as we know -- it certainly could. as far as we know, there are plans to open 14 in the u.s., clearly going to areas where there is high tourist turnover. nashville, in this neighborhood that's really popular for music lovers. as far as we know, they will open as many as six in florida. a a lot of movement there. emily: given the margins, this

particular structure has better margins than your typical airbnb . so how does this fit into ipo plans in 2019, 2020, or beyond? olivia: this is a case of airbnb trying to diversify what it has to offer. they have come under a lot of regulatory pressure. the sentiment internally there is that we need to have other products, things where we can make money where there are not regulatory hurdles. this is legal home sharing. they recently opened up experiences. you can take a kayaking lesson, a cooking class. another revenue source for them. ad they are heading into ipo, they are thinking about other ways they can become a productive, diversified company. emily: olivia zaleski, who covers airbnb for bloomberg, thanks so much. that does it for this edition of "bloomberg technology." tomorrow we talk tencent, reporting earnings. the chinese tech giant known for its games and messaging services in marketver $150

value since january. can they change course? we will discuss. that's all for now. i'm emily chang in san francisco. this is bloomberg. ♪ retail.

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>> u.s. stocks halt their longest slide since march as investors shrugged off the turmoil in turkey. >> ankara's not backing down. president erdogan boycotts u.s. electronics, and says he will not be pushed around. >> tesla among the days losers as goldman sachs says it is not actually on board with the going private plan. >> oil's brief recovery ends on a surprise expansion in u.s.