that struggle as we speak, especially in this moment of crisis. especially with so many jobs lost. kamala and i both know that all folks are looking for as my dad would say is an even shot. just give me a fair shot. a shot at making it. and it will be the work of our administration to make sure they get a fair shot. working families need someone on their side in this nation because they certainly do not have anyone in the president now on their side. that is going to change in the biden harris administration. it is going to be gratifying to see the strong, enthusiastic reaction to senator harris as our next vice president. you know, it comes from people all over the country. it is already occurring.

all ideological views. all backgrounds. -- predictable, some of them. it comes from all over except from donald trump's white house and allies. you all knew it was coming. you could have set your watch is to it. donald trump has started his attacks, calling kamala quote, nasty. mean toout how she is his appointees. it is no surprise because whining is what donald trump does best, better than any president in american history. is anyone surprised donald trump has a problem with a strong woman or strong women across the board? we know more is to come. let's be clear, if you are a working person worried about whether or not you will have a job to go to, whether or not you

will be able to pay your mortgage, pay your rent, worried about the poison in the air you breathe, worried about your civil rights, even your basic right to dignity, which is under attack with this administration, kamala harris has had your back and now, we have to have her back. she is going to stand with me in this campaign and all of us are going to stand up for her. 20, 2021, we are going to watch senator harris raise her right hand and swear the oath of office as the first woman ever to serve in the second highest office in america in this land. then we are going to get to work fixing the mess president trump and vice president pence have created both at home and abroad.

through four years of mismanagement and coddling of terrorists and thugs around the world. not only will america dig itself out of this hole they have put us in, we are going to build back better. we have a public health crisis. with more than 5 million reported infections, 100 safety 5000 people dead and climbing -- 165 thousand people dead and climbing as a consequence of covid-19. months later, no real leadership or plan from the president of the united states on how to get this pandemic under control. from the states and local governments trying to fill the vacuum of leadership from the white house. no real help for children and educators, for small businesses and frontline workers -- the

ones holding our country together. instead, he is issuing executive orders and making promises that in the end will defund the social security system while insisting there's a virus will disappear -- insisting this virus will disappear. harris biden and kamala administration will have a calm brands of plan to meet the challenge of -- a comprehensive plan to meet the challenge of covid-19. masking, clear science-based guidance, dramatically scaling up testing, cutting states and local governments the resources they need -- getting states and local governments the resources they need. we can do this. we need a president and vice president willing to lead and take responsibility. not as this president says, not my fault. the governor should thank me more.

as the old saying goes, give me a break. we have an economic crisis. more than 16 million americans still out of work. track toump is on break another record. withack to leave office the worst jobs record of any american president in modern history. instead of doing the hard work of meeting face-to-face with congressional leaders, democrats and republicans in the white house like every other president has done in crisis, to get americans the relief they need and deserve, donald trump is on the golf course. i told you this three years ago and you looked dead and he would look at me like i was being crazy -- look at me like i was being crazy. he has not even met with the

leadership. he does not have time, it appears. trump refuses to acknowledge shade when he things about climate change, all we hear is the word hoax. biden harris administration is going to meet the crisis. protect the health of the american public. along the way, we are going to deliver one word, jobs. good paying jobs. we have a racial justice crisis. donald trump seeks only to inflame it with his politics of racist rhetoric and appeals to the division. today is not only the day i am proud to introduce senator kamala harris as the vice presidential nominee, it is also the third anniversary of the

terrible day in charlottesville. remember what it felt like to see those neo-nazis? close your eyes. those white supremacists coming out of fields carrying lighted torches, faces contorted, bulging veins, pouring into the streets of an historic american same spewing the anti-semitic bio we heard in germany in the 1930's. member how it felt to see a violent clash ensue between those celebrating hate and those standing against it? it was a wake-up call. all of us as a country. for me, it was a call to action. my father used to say, silence is complicity. not original to him, but he believed it. i knew he could not stand -- we

could not by and let donald trump, a man who went on to say he thought they were very fine people on both sides. quote, very fine people on both sides. no president of the united states of america has ever said anything like that. he seemed to continue to attack everything that makes america america. i knew we were in the battle for the soul of the nation should that is when i decided to run. i am proud now to have senator harris at my side in that battle because she shares with the same intensity i do. she has someone who knows what is at stake. the question is, for all americans to answer, who are we as a nation? what do we stand for? most importantly, what do we want to be? the future ofows

this country is limited only by the barriers we place on our own imaginations because there is nothing americans cannot achieve when we put our minds to it and do it together. one of the reasons i shows isala -- i chose kamala because we both believe we can define america in one word, possibilities. possibilities. let me say it again. possibilities. that is america. that is what sets this nation apart. , the ability for everyone and we mean everyone, to go as far and dream as big as hard work and their god-given ability will take them. when i grade to service president obama's running mate -- when i agreed to serve as

president obama's running mate, he asked me a number of questions. wanted most what i importantly. i told him i wanted to be the last person in the room before he made important decisions. that is what i ask kamala. i ask kamala to be the last voice in the room. to always tell me the truth, which she will. challenge my assumptions if she disagrees. ask the hard questions. make the besty we decisions for the american people. to spend somee time at my home today with kamala and doug. i thank them publicly for agreeing to join and take this journey with jill and me. doug, you're going to have to learn what it means to be a

barrier breaker yourself in this job you are about to take on. america's first second gentleman. although they are not with us today, i will thank ella and cole as well. i had a chance to speak to doug's mom and dad and ella and cole. you're going to get our kids together and let them know what is coming. my grandchildren are about the age of their children. my campaign has always been a family affair. every campaign i have run. i have some news for you. you are all honorary bidens. here is the best part. kamala, you have been an honorary biden for quite some time. i came first to know who kamala was through our son, beau biden. they were friends.

they served as attorneys general at the same time. they took the same -- they took on the same big fights together. kamala in california. beau in delaware. big fights that helped change the entire country. i know much -- i know how much beau respected kamala in her work. that mattered a lot, to be honest with you. we need to get to work pulling this nation out of these crises find ourselves in. getting our economy back on track. winning the battle for the soul of america. americans, let me introduce to you for the first time, your next vice president of the united states, kamala harris. kamala, the floor is yours.

senator harris: thank you, joe. thank you, joe. as i said, when you called me, i am incredibly honored by this responsibility and i am ready to get to work. i am ready to get to work. after the most competitive primary in history, the country received a resounding message that joe was the person to lead us forward. i am so proud to stand with you. of all thedful heroic and ambitious women before me whose sacrifice, determination and resilience makes my presence here today even possible. this is a moment of real consequence for america.

everything we care about, our economy, our health, our children, the kind of country we live in, it is all on the line. we are really from the worst -- we are reeling from the worst public health crisis in a century. the president's mismanagement of the pandemic has plunged us into the worst economic crisis since the great depression. we are experiencing a moral reckoning with racism and systemic injustice that has brought a new coalition of conscious -- of conscience to the streets of our country, demanding change. america is crying out for leadership. president who cares more about himself and the people who elected him -- about himself than the people who are

like that impaired a president who is making every challenge we face more difficult to solve. we do not have to accept the failed government of donald trump and mike pence. in just 83 days, we have a futureto choose a better for our country. joe, dr. biden, thank you for the trust you have placed in me. jill, i know you will be an incredible first lady. my husband doug and i are so grateful to become a part of your extended family. ever since i received joe's call, i've been thinking about the first biden i came to know. and that of course is joe's beloved son, one of his beloved

sons, beau. in the midst of the great recession, beau spoke on the phone sometimes multiple times a day. working together to win back billions of dollars for homeowners from the big banks of the nation that were foreclosing on people's homes. let me tell you about beau biden. wasarned quickly that beau the kind of guy who inspired people to be a better version of themselves. he really was the best of us. when i would ask him, where did you get that, where did this come from, he would always talk about his dad. love thatl you the they shared was incredible. most you to full display of -- the most beautiful

display of the love between a father and son. how joe wouldout spend four hours every day riding the rails back and forth between wilmington and washington so he could make breakfast for his kids in the morning and make it home in time to tuck them in bed each night. all of this so two little boys who had just lost our mom and sister in a tragic accident -- lost their mom and sister in tragic accident would know the world was still turning. that is how i came to know joe. he is someone whose first response when things get tough is never to think about himself, but to care for everyone else. asks,someone who never why is this happening to me? do instead asks, what can i to make life better for you? , his compassion, his

sense of duty to care for others is why i am so proud to be on this ticket. cut from the same cloth. family is everything to me too. i cannot wait for america to get to know my husband doug and our amazing kids. whether i am sharing in the bleachers at a swim meet or setting up a college dorm or helping my goddaughter prepare for her debate foreboding legos with my godson -- or building legos with my godson or cooking dinner, sunday dinner, my family means everything to me. i have had a lot of titles over my career. certainly, vice president will mom will always be the one that means the most.

my mother and father came from opposite sides of the world to arrive in america. one from india and the other from jamaica. in search of a world-class education. was brought them together the civil rights movement of the 1960's. that is how they met, as students in the streets of oakland, marching and thought -- and shouting for this thing called justice in struggle that continues today. i was part of it. my parents would bring me to protests strapped tightly in my stroller. my mother raised my sister and me to believe it was up to us and every generation of americans to keep on marching. she would tell us, do not sit around and complain about things. do something. so i did something. i devoted my life to making real words carved in the end it

states supreme court, equal justice under law. . 30 years ago, i stood before a justice the third -- the first time and uttered the phrase that would truly guide my career and the rest of my career. kamala harris for the people. the people. that is who i represented as ticket attorney, fighting on behalf of victims who needed help. the people, that is who i fought for as california's attorney general when i took on transnational criminal organizations who traffic in guns and drugs and human beings. it is the people i have fought for as united states senator where i have worked every day to hold trump officials accountable to the american people. the people are who joe and i will fight for everyday in the white house.

somebody who has presented my fair share of arguments in court, the case against donald trump and mike pence is open and shut. just look at where they have gotten us. more than 16 million out of work. millions of kids who cannot go back to school. a crisis of poverty, of homelessness afflicting black, brown and indigenous people the most. afflicting hunger one in five mothers who have children that are hungry and tragically, more than 165,000 lives that have been cut short. many with loved ones who never got the chance to say goodbye. it did not have to be this way. six years ago, we had a different health crisis. it was called ebola.

we all remember that pandemic. you know what happened then? barack obama and joe biden did their job. only two people in the united states died. two. that is what is called leadership. compare that to the moment we find ourselves in now. when other countries are following the science, trump pushed miracle cures he saw on fox news. while other countries were flattening the curve, he said quote,us would go away like a miracle. when other countries opened back for business, what did we do? we had to shut down again. almostrus has impacted every country. but there is a reason it has hit america worse than any other

advanced nation. it is because of trump's failure to take it seriously from the start. his refusal to get testing up and running. his flip-flopping on social distancing and wearing masks. his delusional belief that he knows better than the experts. all of that is reason and the dies ofhat an american covid-19 every 80 seconds. it is why countless businesses have had to shut their doors for good. it is why there is complete chaos over one and how to reopen our schools. mothers and fathers are confused and uncertain and angry about childcare and the safety of their kids at school. whether they will be in danger if they go or fall behind if

they do not. trump is also the reason millions of americans are now unemployed. he inherited the longest economic expansion in history from barack obama and joe biden. and then, like everything else he inherited, he ran it straight into the ground. because of trumps failures of leadership, -- of trump's failures of leadership, our economy has taken the biggest hit at of all industrialized nations with unemployment rate that has tripled as of today. this is what happens when we elect the guy who is not up for the job. ends up in tatters and so does our reputation around the world. let's be clear. this election is not just about

defeating donald trump or mike pence. it is about building this country back better. that is exactly what joe and i will do. we will create millions of jobs and fight climate change through a clean energy revolution. bring back critical supply chains so the future is made in america. build on the affordable care act has a piece of mind that comes with health insurance. caregivers, offer they dignity, respect and pay they deserve. we will protect a woman's right to make her own decisions about her own body. root out systemic racism in our justice system and pass a new voting rights act, a john lewis voting rights act, that will ensure every boy's is heard at every voice is heard and every

voice is counted. the civil rights struggle is nothing new to joe. it is why he got into public service. it is why he helped to reauthorize the voting rights act and restore unemployment discrimination and employment discrimination laws. in thehe takes his place ongoing story of america's march 20 quality -- march toward equality as the only who served alongside the first black president and has chosen the first black woman as his running mate. as joe is points out, this election is about more than politics. it is about who we are as a country. momentsdmit there are when i have truly worried about our future. is aver i think that there reason for doubt, whenever i have had my own doubts, i think

, theu, the american people doctors and nurses and frontline workers who are risking their lives to save others. the truck drivers and workers in grocery stores, in factories, in farms putting your own safety on the line to help get us through this pandemic. the women and students taking to the streets in unprecedented numbers. and immigrants. people of every age and color and creed were finally declaring in one voice, black lives matter. country, a whole generation of children is growing up hearing the cries for hopece and the chants of on which i was raised.

strapped into strollers of their own. trust me, it is a song you will never forget. to everyone keeping up the you are doing something great. you are the heroes of our time. know we arereason i going to bring our country great to realizing its promise. we will need to work, organize and vote like never before because we need more than a victory on november 3. we need a mandate that proves notpast three years to do show who we are. joe likes to care character is on the ballot. when he saw what happened in charlottesville, he knew we were in battle for the soul of our nation. together with your help, that is a battle we will win. said, ithis year, i

would do whatever joe asked me to do. now i am asking you to do the same. visit joe biden.com to get involved in this campaign and vote. electing joe biden is just the start of the work ahead of us. i could not be prouder to be by his side running to represent you, the people. thek you and may god bless united states of america. ♪ >> former vice president joe biden making his first appearance was senator kamala harris for the first time since making her addition to the democratic presidential ticket official. the walked out not to typical adoring and cheering

crowns wearing masks, standing socially distanced on stage. what everyone is looking for right now is that spark. do they have chemistry, do they have report? i want to bring in lester munson, who has been watching this for many decades in washington. what did you make of that first appearance and what stands out to you? where their sparks. -- were there sparks? lester: those were great speeches. they both did a great job. i was surprised at the level of attack in both speeches. clearly they realized they do not have a ton of opportunities to talk to the american people because of the pandemic, so they went right on the offense. there were some nice moments talking about beau biden and that connection between the two of them. i thought that had a real emotional appeal. and if they can keep that up over the next three months, then they are going to look like a

really good team. emily: absolutely. early on the former vice president saying that kamala harris is capable of the -- of being a vice president from day one. but there really is a transition happening here. she ran her own presidential campaign. now he is essentially her boss. she is going to have somewhat of a new team. talk about how that transition will actually work now that this is official and there are only 83 days to go and they have some hard work ahead. lester: they do have some hard work and she is going to face some tough questions about her criticism of joe biden from the campaign. she was very aggressive in attacking him on civil rights issues. today we saw her talk about how important civil rights is for him, so she is clearly making a different case now. i expect her to have some tough questions on that, and how she answers them will matter. it will probably not be today or next week, the whole honeymoon period for her, but eventually

she will have to answer those questions. she is also going to face some tough questions on her performance overall during the presidential primaries. she did a great job initially and then kind of faded over time. people are going to be watching to see if she happens here in the general. she will have to show some staying power after today and after the convention next week. emily: joe biden took some time to hand over the podium to her, and as you mentioned earlier, her campaign had a hard time breaking through in this environment. we are actually standing by right now waiting for the president to speak in one of his daily news briefings. given that this is not the typical campaign, we are not hearing those cheering fans as we normally do at these rallies, how do you think they break through over the next 2.5

months? lester: it is going to be difficult. they will be looking at the poles of course, and they are going to be trying to read into what issues matter for americans. kindiced biden and harris of glossed over law & order issues and just talked about reform of policing. i expect president trump and his campaign to emphasize law & order issues. so we will have to figure out a way to talk to the american people about those issues. president trump wants to make a play for the suburbs, which are the big swing vote nationwide of course. he has been rather blatant about it and very direct. we are going to have to answer those charges. and it will be hard, because there is no audience in front of you. there's no applause. you cannot tell if your jokes are funny, you cannot tell if you are inspiring people. so they are going to be a little bit in a bubble and i think it will be a weird campaign going forward for all of them. emily: meantime, you have a

background in national security issues, foreign policy. obviously the president ratcheting up tensions with china is making for a very complex set of circumstances. how do you expect the biden/harris campaign to navigate some of those things, given that much could happen in the next 83 days before the election? win, they are going to have to deal with a very testy u.s. china relationship. lester: that is right. and the interesting thing about the u.s. china relationship is that it is getting very negative attention from both republicans and democrats in washington. despite some of joe biden's earlier statements that president trump is being a little too tough on china, there is actually a lot of support in the democratic party for a tough line on china. willect biden and harris

try and make an argument that the president has not been competent in the way he has managed the relationship, but they will not disagree with him very strongly about taking a tough line on china. frankly, it is not something that is sustainable for their base. if they make the play for working-class families, or working americans, or people concerned about what china is doing in the world, they are going to have to be tough, but they are also going to want to be critical of the way trump has handled. emily: we saw markets rise today. investors seem to be optimistic that the economy is going to recover. we saw the former vice president late out his economic plan. what do you think that harris's addition to the ticket, what kind of impact will she have an economic policy, and how do you expect that to be -- to be received by the business community? lester: she has fans on wall street who have been vocal in the last toy for hours. the campaign has been doing a good job of getting them activated. but we need to step back and

realize that at the end of the day, neither mike pence nor kamala harris are really going to matter that much in this election in november. while she is inspirational in a lot of ways and this is an historic pick for a lot of reasons, and there is a lot that is interesting here, at the end of the day on november 3 or whenever people mail in their ballots, they are going to be voting on trump or biden. wall street has taken a look at biden. they see him as a moderate. i think there are more concerns with him than there are with trump, but they are not severe concerns. if it would be a bernie sanders campaign, we would have a much different story, frankly. emily: lester munson, thank you so much for joining us. the former vice president and senator kamala harris now sitting for an online fundraiser as we stand by for president trump to take the podium at the white house. we will take you there live when it happens. we have gotten a lot of reaction over the last 24 hours to the

biden/harris ticket, including from the most senior african-american in congress, house majority whip jim clyburn who helped turn biden's campaign around after some early debates and a not so great performance. take a listen from earlier today. >> she brings to this ticket a smorgasbord of qualifications. she's a sharp debater. we have seen that, as she performed as a member of the judiciary committee. she is, as i said, experienced in the kinds of backgrounds that we need sensitivity from in our government today. she has won statewide office in california. she has served the u.s. senate. and quickly -- and quite frankly, she has the kind of skill sets that i think are necessary in order to win this year. this is going to be a tough

campaign. no matter what we have seen at the polls, this is going to be a very tough campaign. we found out that just being popular, winning the popular vote will not get it. we did that before. we have got to win in strategic places. and i think that she gives to this ticket the ability to win in those strategic places. >> as you say, it is going to be a tough campaign. we saw a right away a response from the white house. they say she tends to be a socialist, going to the radical left. she did take a position of illuminating private insurance and health care during the campaign, although she backed off of that. is there a possibility that the trump campaign can and -- can exploit that she is too far left? >> the country does not move on a linear plane. this country is always going back and forth like a pendulum on the clock.

it goes right for a while, it goes back left for a while. it went left when it elected barack obama. it went right when we elected donald trump. and from the moment people got an experience with him, it started back to the left. but i always say going right to left, left to right, it passes through the center. takes more time in the center than it does in a left or the right. and i believe this country -- this ticket is right where the country is for today. it mayback to the left, move center-right or centerleft, but this ticket is right where the country is, and i am very proud of this ticket. >> one of the things that senator harris is for some people is her law experience. that might be helpful to a president trump who is really addressing the law & order, really pushing that button hard. on the other hand, could it

somewhat dampen the enthusiasm from the african-american community, particularly from males, because of her prosecutorial history of being really tough on some young african-american males? >> i think that being tough is something that we have to really qualify. it's a quantification that needs to be qualified, in my opinion. i think that when you follow law, remember, she was adamant against the death penalty. and some people said that means you are too liberal. and she enforced the laws on the books. some people would say you are too conservative. the fact of the matter is she was a successful district attorney, a successful attorney general, an effective united states senator, and i think she will be just as good as vice president of the united states. and would make a tremendous chief executive, if it were to

come to that. emily: representative jim clyburn, who was hugely influential in turning biden's campaign fortunes around at the time of the south carolina primary. we are going to continue to follow waiting for the president to take the podium at the white house. we will take you their lives when that begins. in the meantime i want to check on other tech news happening in silicon valley. airbnb reporting that revenue tumbled in the last quarter, but an ipo, going public, is still planned. bloomberg has been covering this story. talk to us about the latest numbers from airbnb. we knew that they would not be great, but they are particularly devastating for a company that was on top of the world four months ago. >> absolutely. colleague and myself got a hold of airbnb's financials for

the first half of the year, and in particular the second quarter stood out because revenue is down 67% year-over-year. a pretty steep drop, although when you look at it compared to other travel businesses like theira and marriott, revenue drop was not quite as bad as some of the others in the industry. but it is certainly not surprising that there was a travel decline while there were all these restrictions. there are still a lot of restrictions. one thing that was interesting about it is that we found out that may was worse than june. they started to see a little bit of rebound in june. they were still down year-over-year, but they were down 30% versus 70%. so that is maybe a sign that things are getting better. i know brian teske has talked about that, the ceo talked about that publicly, that bookings are starting to improve later in the second quarter.

hopinghaps they are that things will improve. they must be, because our understanding is they are still moving forward with plans for an ipo likely for later this year. emily: interesting. himed i did speak with towards the end of june about how things were trending. he talked about how more people are wanting to travel close to home. but also acknowledged that travel would never be the same again. in fact, used the word never. even if we get out of the pandemic, even if there is a vaccine. he also talked about the prospect for going public this year. he said it is still on the table. take a listen to how he answered my question of how likely that is to happen this year. >> the fundamental questions are, does travel continue to recover? sustainableis it a recovery or just pent up demand? number three, does the market have an appetite for companies

-- lost a bit of appetite after the ipo's last year, and wework, people lost appetite a little bit. it seems appetite is coming back. emily: so the real question is what has happened in the last couple of months? in july, the first part of august, anecdotally i know people are traveling, some people are getting on flights, but it is a journey and you are taking a risk. do we know about how things have been trending over, let's say, the last few weeks? katie: yeah. so people close to airbnb say they are optimistic because they are seeing people are booking quarantine houses, they are getting tired of their apartments and homes, and looking to get away. although many people are not flying yet, more people are willing to drive somewhere. so people are looking at homes. one thing people say is that if

you are at an airbnb home, some people feel that is safer than a crowded hotel because there are not other people around. so investors and other people close to airbnb hope that they may recover better than some other aspects of the travel industry. emily: all right. we will certainly be watching for more news coming out of this. katie roof, thank you so much for your reporting there, and sharing that update. i want to turn now to lucid, and the electric car maker with high hopes for next year, working on its newest vehicle, the lucid air, the long-range electric cart which would be the first ev to have a 500 mile range on a charge. take a listen to my interview with the ceo. range is recognized as the single most significant

metric that divines -- defines an ev technology. talk abouted to concerns over range anxiety. 500 miles range is a technological toward a first. it would turn range anxiety into range confidence. i think this is the last remaining consumer pickle with because it is such a better experience compared to gasoline cars in every respect. emily: who is your target consumer? are you expecting to take market share away from tesla? target consumer is the driver of an s class mercedes. the luxury car segment is dominated by the german bmw, audi, were sadie's. and -- mercedes. they are all gas cars.

our target are the gasoline, the gas guzzlers. specifically the owner today of an s class mercedes. emily: what are preorder levels like for the lucid air? give us a number. peter: i cannot disclose a number but we have a bulging order book which has grown dramatically. emily: so talk to us then about the proportion of preorders and how they are trending. this is a $150,00 car. peter: indeed. but the world market for a car like this is worth $100 billion billion a year globally. and there is note true luxury electric vehicle available. and i am not disparaging tesla at all. this is not a tesla killer. we can thrive and coexist along with tesla. this car is aimed at the luxury segment in a way that tesla is

not. tesla is more high-tech, beautifully engineered car. but it is not luxury like the lucid air. so we can happily coexist in this space and take market share from gasoline powered vehicles. emily: let's put it this way. do youy lucid air ev's expect to deliver to customers in 2021? peter: we are going to start production in the spring of 2021. i am targeting 12,000 units in that first production year. it is probably about 8000 in the calendar year of 2021, to answer your question. emily: former vice present joe biden just announce his running mate, senator kamala harris. he has a big ev policy, spending on renewables. what is your take on some of his proposals? peter: i think anyone that promotes renewables and sustainability has a big thumbs up from me. we cannot continue burning

fossil fuels the way we are. ev technology is the answer. ev per se.ot just an it's a high-tech ev. that is what we have created, a car that has more efficiency and can go farther than anything else out there. achievebeen able to that throughout technology. it is about efficiency. high-techthing is the efficiency for the beam technologies like this come in the future it will work down to the mass market and will be affordable for all. so i applaud any work in that direction. emily: what are your fundraising plans? will the saudi involved? -- theyhey are in continue to fund us. i would not rule out an additional funding round in order to accelerate the growth

of the company, because hot on the heels of this beauty behind me, lucid air, we have an suv, and we need to develop that. and i want to get scale, and we are committing production in 2021, and i am targeting 2023 to start production of the suv. emily: what is the timeline for going public, and will it be before or after you start production? peter: we are looking at going public. it's an inevitability. i cannot disclose a specific timeline. we are well funded to date and we are good through to start production. but watch this space. emily: so talk to us then about the other cars you have in the works. what should we be watching for? toer: well, i think we need approach this with a degree of humility. because we have not achieved anything until we start making this car next year. but of course we have a plan, we have a 10 year plan with a multi platform strategy.

and i'm an optimist and i would like us to be making a million cars a year by 2027. emily: lucid ceo peter rawlinson there. more now on what senator kamala harris means for silicon valley. now officially on the democratic presidential ticket with joe biden. they have just concluded their first appearance together minutes ago. i want to bring in jeff taylor who has been looking closely at senator harris's record in california and silicon valley. what her nomination actually means. thank you so much for joining us. obviously senator harris has won statewide elections in california, but what is her relationship with silicon valley and her position on big tech in general? jeff: i think the relationship is a little bit uneven. primaryhe presidential season when senator harris was running for president, pete

buttigieg was actually the candidate who flashed star power in silicon valley and drew enthusiasm from tech executives in the form of campaign contributions and a desire to be around him and support him. senator harris has been critical of some technology companies. twitter and facebook. she has successfully fund raised in the industry in the past, particularly when she was running for attorney general in supporten she got big from salesforce and airbnb ceo's. but she is not the favorite of the technology industry and never has been. and that is an interesting dynamic because she is the home state senator. emily: we are standing by now for president trump to take the podium at the white house. biden and senator harris came out pretty strong in their first appearance together on some of the president's actions, taking aim at how he has mishandled the pandemic. obviously we are very curious

about her positions on big tech and antitrust scrutiny, which is something that president trump has taken on as well. arenything, these companies facing fire from both sides of the aisle though, potentially for different reasons. what has she said in the past about big tech companies like facebook? what is her relationship with folks that have historically been active in the political community like facebook ceo gerald samberg? jeff: she has been especially critical of facebook as a company. the critical things she has said have often been said around the company. she has said she has no idea how much facebook is collecting and does not think consumers do either. from tracking their location and ip addresses to following activities on other websites. she denounced the company for spreading russian disinformation during the 2016 presidential election. in may of 2019 she did a cnn

interview where she said quote, she would seriously take a look at the possibility of breaking up facebook if she were president. so her rhetoric on facebook has been pretty strong. and that has led facebook to try hard to be reeled -- to build bridges both to her and joe biden. immediately after biden named harris his running mate, the coo of facebook posted a photo of harris on her instagram and said what a great moment was for black women and girls all over the world. also reflected a desire to build a bridge to the harris and biden ticket. she's very close to larry summers, to whom she used to work, and of course larry summers is a close biden economic advisor. emily: much has been made of senator harris's prosecution record, and of course her time as attorney general in california. why do you think it is that she

is not the favorite candidate of silicon valley? neveri think she has just sent the vibes and signals that she is friendly the tech in the same way that buttigieg did when he was on the campaign trail. i do not want to overstate it. i do not think there is a hostile relationship between tech companies and kamala harris . she's been offered the opportunity to say that companies like google and amazon should be broken up. she has been asked that question multiple times and always deferred, moved in a different direction, just saying the need to be regulated in a way that ensures american consumers can be sure their privacy is not compromised. but one thing is critical here, stepping aside from the particular relationship between harris and technology, if biden and harris win and democrats go back to the white house, i do think that that probably means robust antitrust enforcement.

historically, democrats have pursued robust antitrust enforcement. i do not think it means harris and biden go after google and amazon, facebook or twitter. i think it means they turn over the keys of the antitrust division to the cops, who have traditionally run antitrust investigations. and maybe with a little bit more freedom to range a little bit more widely and be a little bit more expansive in trying to fight anti-competitive practices. so it will be very difficult for them to antitrust enforcement. but with these candidates, i do not see why that would not be the case with them forward. emily: we are standing by now for the president to deliver a news briefing at the white house. we are going to take you there live when it happens. curious how you expect the next 83 days to play out. 83 days before the election. obviously the president has set quite a stage. we are in the middle of a

pandemic. he cannot campaign the normal wa y. we see president trump walking out now so we are going to listen in to the president. wes. trump: good evening, as continue to confront the china virus, we are we building america's economy like nobody ever thought possible, actually. stock market is up almost 300 points again today. while our economy is performing significantly better than europe , which people have to understand, very strongly, it is performing better than any market anywhere in the world come actually. at the same time europe has experienced a 40% higher excess mortality than the united states. ad i will say that that's significant number. we're working with europe on their difficulties, and we are going to help them all the way.

we are doing very well on the vaccines and the therapeutics, but think of that. we have the strongest performing economy in the world. we are up, i think it is $9 trillion since march. $9 trillion in value. that is a number that nobody has ever heard of before. we are also getting close to about a 50% number since march, which is incredible. $9 trillion. i think it went above 15% today with the 300 point increase. so we are doing much better than europe. significantly. hasat the same time, europe experienced a 40% higher excess mortality than the united states. i just want to mention, because another number of judges were approved recently. probably over 300

federal judges, including court of appeals judges approved by the end of my first term. and other than when they added new judges into somebody's term, which happens seldom, but we have more than any -- this is a record but has ever seen anything like in one term. we are going to have over 300 federal judges, and that is court of appeals judges, and that is just in the first term. it probably will finish out over market's rebound signals-- rebound av-shaped recovery, stronger than any of our competitors anywhere in the world, if you look. we lead the world. japan is second. but in terms of dollar value, it

is not even close. there it is. a lot of great competitors, europe, the united kingdom, japan, hong kong, the united states is leading the world very substantially. second slide, you will see the virus induced economic contraction in the united states has been far less severe than it was with our peers and p are eer nations.nd p you can see that, that is the united states, and it is despite we have done more testing than any other nation in the world. we have done more by far. ventilators, we are building thousands and thousands of ventilators a month that we are distributing them all over the world. we are helping many countries. at despite all these factors, big deal -- shery: president trump talking about gains the u.s. economy has

made,