we take you to the white house. the president making some comments a few moments ago >> i'd like to see twice, but we're going to see this took place when i had as you know the world's top executives, among the world's top executives and head of pepsi cola, great woman who is now retiring, she said, because i asked. what can we do to make it even better, and she said two times a year reporting, not quarterly. i thought of it, and it made sense to me because you know, we are not thinking far enough out. we have been accused of that for a long time, this country. so we're looking at that very, very seriously, looking at twice a year instead of four times a

year i don't know mcraven i know i've gotten tremendous response from having done that security clearances are very important to me, very, very important, and i've had a tremendous response from having done that. there's no silence, if anything, i'm giving them a bigger voice many people don't know who he is now he has the bigger voice and that's okay with me, i like taking on voices like that i never respected him, never had a lot of respect and senator burr said it best, if you knew anything, why didn't you report it when you were before these committees, including their committee. he had a chance to report. he never did this was just, came up lately, and it's a disgusting thing, frankly. look, i say it, i say it again that whole situation is a rigged witch hunt, it is a totally rigged deal. they should be looking at the other side

they should be looking at all the people that got fired by them all of the people that got fired, they should be looking at bruce orr and his wife nelly for dealing with by the way indirectly russians. they should be looking at steele and these fbi guys that got fired and demoted. it's not us, it is a rigged witch hunt i've said it for a long time say it i think bruice orr is a disgrace i suspect i will be taking it away quickly i think bruce orr is a disgrace with his wife nelly, to be in the justice department and doing what he did, that is a disgrace, that is disqualifying for mueller. and mr. mueller has a lot of conflicts also directly yourself, so you know that mr. mueller is highly conflicted in fact, comey is like his best

friend i could go into conflict after conflict, but sadly mr. mueller is conflicted. but let him write his report we did nothing there's no collusion but if he was doing an honest report, he would write it on the other side, because when you look at criminality and problems, take a look at what they did, including colluding with the russians, the other side i can't hear you from the helicopter turkey has been a problem for a long time. they have not acted as a friend. we'll see what happens they have a wonderful christian pastor, he's a wonderful man, pastor brunson they made up this phony charge that he is a spy and he is not a spy. he's gone through a trial now, if you call it a trial they should have given him back

a long time ago. and turkey has in my opinion acted very, very badly so we haven't seen the last of that we are not going to take it sitting down they can't take our people so you will see what happens. i don't talk about that. i think the manafort trial is very sad, a sad day for our country. he worked for me for a very short period of time, but you know what, he happens to be a very good person, and i think it is very sad what they've done to paul manafort. thank you very much. >> that's the president, addressing reporters as he leaves for the weekend for fund-raisers in the hamptons, golfing at his club in new jersey over the weekend. covering a few topics, saying

the outgoing ceo was the one suggested this would be a six month reporting cycle, touched on manafort, mueller, calling him highly conflicted, a bit in there on turkey as well. saying they acted badly in recent years kayla tausche is covering this >> reporter: five minutes of some of the president's greatest hits, talking about the economy, calling the manafort trial very sad, also talking about the turkey situation which has continued to escalate, despite the fact that at this point it has been going on for weeks. i thought it was interesting, carl, that you note that he did point to the outgoing ceo of pepsico as the source of the idea to move quarterly reporting for companies to a six month basis. the idea of making some reports less regular has been touched on by other executives. jamie dimon, warren buffett

earlier suggested that guidance shouldn't be provided on quarterly basis. but interesting you can see the short distance between an idea to a study to potential policy in the president's mind is very short. >> it is interesting, his comments on turkey in particular that's one that perhaps more directly impacts markets than some others, linking that situation directly to the pastor there being held on house arrest and suggesting that it is going to continue for awhile, which could have some implications for currency >> reporter: it certainly could, john we had mixed messaging from the administration on this earlier in the week, you had sarah sanders talk about the fact that tariffs on turkey were done on a national security basis, unrelated to the house arrest of pastor brunson, but if pastor brunson were released that sanctions on turkey could

potentially be relaxed yesterday, you had the treasury secretary seem to directly link the two issues when he talked about sanctions and talked about pastor brunson specifically, so it doesn't seem there's a lot of clarity within the administration about what exactly they hope to gain from turkey and which economic policies are tied to that. certainly for those in the market watching the lira, any sign of progress is what they're looking to see >> thank you very much kayla tausche in the wake of the president's comments to reporters a moment ago if you're just joining us, it is a little past 8:00 a.m. in california, 11:00 a.m. on wall street "squawk alley" is live ♪ ♪

♪ ♪ good morning we begin this morning with what's been a wild week for tesla. the "new york times" interview with elon musk getting a lot of buzz as he admits the past year has been the most difficult of his career shares are taking a hit, this is on pace for the worst day since march for tesla, as musk and board members of tesla prepare to meet with the sec joining us this morning, one of the authors of the piece at the times, kay kelly good to see you. >> good morning to you, carl, thank you. >> a lot of color about musk's state of mind which we can talk about in a second. in terms of actionable news, efforts to find a number two appear to be under way, then this idea that he doesn't see a need to relinquish the chairman

or ceo title what do you think it means >> i think the disclosure that at one point they approached cheryl sandberg about that possibility, obviously it didn't work out, she's still very much at facebook was having shows you the seriousness and aspirational nature of the search for a coo or a president. it wasn't clear what the title might be i thought the market might be heartened by that, but that's not the case his emotional state and the fact that he is just so stressed and acknowledges what a difficult chapter it has been, how he continues to struggle personally as the company faces some setbacks, even before the tweet, is interesting now, you say that he feels comfortable staying on, and i think that's right on one hand, but then he says words to the effect that if you can find another ceo up to the job, they can have the job it seems to me while he is passionately devoted to tesla

and what it stands for, at the same time he realizes that other things could be needed and it's starting to break him in terms of the pressure. >> yet it doesn't seem like he regrets firing off the tweet, which was written while he was driving his car. >> it wasn't clear to me, morgan that was one of my favorite moments of the story, whether he was at a stoplight he was driving, wasn't being driven i don't know how the tweet was typed during that process. who knows. maybe he pulled over in any case, he was in a model s on his way to fly to the giga factory in nevada when he made the tweet. yeah, i just think it is a remarkable chapter for them, it will be interesting to see what happens next he has no intention, he said, of stopping tweeting. why would i, he said >> curious for your thoughts on the dichotomy i see.

on one hand, elon musk says the status quo may not be sustainable, hardest year of his life, going to get harder, all this pressure. he almost seems to be breaking down then on the other hand doesn't seem to feel a compelling need to change anything he is going to keep tweeting there's a search perhaps for a number two the board is taking on, but he doesn't seem to know about it what do you make of that >> i honestly don't know what to make of it, jon. i think that's one of the sort of ironies here. you have two sets of contradictory things being said. i think this company and others like spacex are musk's babies. he's very, very devoted to it, its mission, its technology. there are some people we talked to in the course of our reporting that say warts and all, they believe he is the only person that can run it it seems he believes that too. but it has become a bit of a

shackle for him, at least in terms of the hours he feels are required he was sort of tearful talking about flying in and out of spain for his brother's wedding as the best man missing time with his children, of which he has five, not being able to see friends. it seems absolutely like it is getting to him i don't think you're far off saying he seems like he is on the verge of a eltdown. >> you mentioned spacex, that was one of the things that jumped out to me in this report as well, the idea that maybe spacex would take on a stake of tesla in a going private transaction. can you shed more detail on the possibility of that? i know spacex is largely profitable, successful, but if you look at it from pure valuation standpoint, it is much sma smaller than tesla. >> morgan, that's a hard one to see. we were scratching our heads about that, too, when we learned

it apparently it is one of the scenarios under consideration. and then think about the saudi opportunity. it is still not clear there's any traction there although in fairness to tesla, the public investment fund hasn't knocked it down either. it seems meetings did occur, even if there was a promise and funding was secured. off a lot on the spacex, but it is apparently a consideration. >> reporting on musk himself, the journal has a piece about the sec and whether or not the company mislead investors over model 3 production what should we know about the sec's progress >> so i don't have a lot of additional information on that they're reporting that preceded the tweet, and certainly the more recent investigations we know and have in our story that the sec is proceeding at pace, going to possibly meet

with witnesses in the tweet investigation if you can call it that as early as next week musk personally received a subpoena we reported earlier this week the board of tesla lawyered up, the full board retained a law firm partially to explore privatitization options and offer counsel and for possible sec defense. we know the special committee has a separate, additional law firm as they consider the privatization proposal the sec probe is real, is live, and they seem to be moving at a fairly quick clip. >> do you see any evidence that tesla's board is at all relevant in all this? it seems like they're riding in the trunk here elon musk said he didn't hear from them about the tweet, after the piece comes out, independent board members say actually yes, he did is the board able to do anything here >> that was a strange moment, john, and a change we made around 1:00 in the morning to

clarify that indeed the lead independent director had asked musk to not tweet material information like that or really anything further on the security funding topic unless it received more vetting and more discussion first. as for the board it would seem that they're going to have to become more active if the market pain and regulatory issues continue to mount. there's no sign either of those is going away, to give one example, tesla is the most shorted equity in the u.s. stock market, so market pressure continues as does regulatory they do have kind of a lack of independence, it is a nine person board, relatively small you have elon's brother as a board member and other board members that are investors or board members in spacex. there was one member that was going to be on the special committee, felt they were too close to elon to do that i think it is awkward in the sense they're tied to musk and other business ventures, but are

probably going to have to become more involved here i just don't think that they're going to be able to let him run free as he has in recent months. >> one last point, kate. some viewers say you guys are on the verge of trying to psycho analyze someone, that's not your expertise. is there a good answer to that >> i think that's fair we tried to let musk's words speak for themselves, carl as we reported, he was quite emotional and seemed in tears or on the brink of tears a number of times this is not your everyday interview with a ceo that's very much worth noting. and yes. without trying to insert ourselves into his head or make diagno diagnoses, we tried to layout some of the issues that seem to be relevant here, including, for example, his use of ambien which he acknowledges and whether it is at times having opposite

effect, livening him up and he has the twitter handy and whether that's impairing or effecting his ability to run the company. >> right kate, thank you. talking about tesla and elon musk. when we return, a silicon valley legend when it comes to innovation segue founder dean kamen joins us from the robotics conference he is hosting in mexico tyci dow up 30 points more "squawk alley" after the break. .. [telephone ring] ahoy-hoy. alexander graham bell here... no, no, my number is one, you must want two! two, i say!! like my father before... [telephone ring] like my father before... ahoy-hoy! as long as people talk too loudly on the phone, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance.

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for bezos, musk, were household names, dean kamen was leading the charge on disruption he is known for inventing the segue, the all terrain wheelchair and innovating medical technology he is hosting the second global robotics competition in mexico city, welcoming innovators from around the world dean kamen joins us from the conference to weigh in on the present and future of tech dean, it is an honor to have you with us. thanks for joining us. >> good morning. i'm glad you're putting some attention on this incredible event. >> i want to ask you about the event. you've got to focus on the environment, and you've got a thousand 14 to 18-year-olds from around the world, looking at a map from places where they're from there are only a few countries i can tell that aren't

highlighted. why is this important right now and how competitive is the u.s. among that group >> so the u.s. is beautifully competitive and more than that, they're here helping a lot of the teams, many of which are rookies to the first robotics competitions, and the camaraderie and competition here is amazing there are 193 teams, six continent teams, 186 country teams, and the energy is intense. the only difference between this sport and all of the others is all the kids are developing skill sets that will give them careers. they can all turn pro. as you said, the theme of this year's game, energy impact is to give kids from around the world an understanding of the need for more energy to be delivered in more places. but to do it in a way that will remain environmentally friendly

and will help improve the environmental situation around the world. that's going to require a lot of innovation and a lot of commitment by the kids in this generation as they take over >> silicon valley sometimes is criticized for putting billions of dollars behind technology that when it comes down to it maybe doesn't matter so much, photo filters, gaming apps, et cetera you have always focused on technology that makes an impact, taking big swings. another person doing that these days, elon musk. what are your thoughts on the significance of the bets that he's making and how they're being received >> you were breaking up a little there. i think you asked what do i think about the impact of the kind of technologies elon musk is promoting i think it is nice to have somebody pushing hard for change, particularly to better

technology, more environmentally friendly technologies, and making part of the public debate as we move forward the world has got to continue to make more energy available and make it more environmentally friendly one of the things he's doing is certainly going to help make that happen. >> dean, we actually got a tweet from the president this morning saying that he is urging the sec to study the possibility of stopping quarterly reports for publicly traded companies, limiting them down to six months instead of every quarter there's a big debate going on for a very long time about whether quarterly earnings reports and so-called short sightedness of companies in light of investors, whether that hinders innovation and investment in long term projects what do you think? >> first, i'll tell you i have

no expertise or competence in that arena i wake up every morning and take a shower with my board of directors. i don't have stockholders. i work on projects i think are very important i try to work with big corporations and big government agencies because they have reach, they have global capability to impact the world and their scale is important to me, but i believe innovation typically happens in very small groups as margaret meade said, never doubt a small group of dedicated people can change the world. so i have no experience dealing with public statements and the sec. i think on one hand, keeping pressure on industry and government to move quickly is a good idea, making sure everybody is honest, transparent is a good idea forcing people to make short sighted decisions is a really bad idea because most big problems in the world are not

going to be solved by 90 day wonders. >> one thing you have expertise in, dean, creating something, a prototype, and taking it to scale. that's the crossroads musk is at help viewers understand how you make the leap, what stresses do you go under making that leap. how much do you rely on others to create things at scale? >> again, i think the status quo is very good at keeping things stable and making incremental improvements every year, bringing down costs by a little or performance by a little and that's a good thing. but the disruptive changes, the light bulb was not an incremental improvement over the candle i think that again it is individuals that maybe have a little more imagination, a little more courage that introduce big new ideas, and if they catch on, very often they don't, but when they do catch

on, then hopefully big organizations bring them to scale quickly if they can improve quality of life around the world. and i have continually through my life tried to work on those things that were pretty risky. i fail a lot but if i bring something through the stage of high risk where that might go from dispensable to indispensable, i then work with big organizations to try to help me do that. >> dean, there's a great story of you showing the segue to jeff bezos and steve jobs in this closed hotel ballroom when you're first getting that project off the ground, and just how high stakes their feedback was. john door, the iconic venture capitalist was also there. i'm hoping you can breakdown for us the kind of difference between steve jobs and jeff bezos and what innovators like them have brought the world and what you learned from them

>> first of all, i have to tell you jeff bezos' mom and dad, mike and jackie, are among founding members with me here at first global, and they're fantastic and passionate and get it as you know, jeff is a visionary that's never given up. and steve jobs in many ways was a visionary that changed the world. and john door helped fuel a lot of these things. i would tell you that when i talked to all of them, it was pretty much to say most of the world's population would be moving to cities and between then and now, most of the world's population has moved to cities, more than half the human population now is in cities. i told them it would be nuts to assume we will continue to put vehicles the size of cars into pedestrian environments, and i think we've all now seen the rush of various kinds of electric scooters that are

flooding cities, somewhat to the dismay of people i think they all understood there would be a revolution in personal transportation at the pedestrian level, and it is happening. >> dean, lastly before we let you go, i just want to get your thoughts on the idea of safeguarding american tech we see this playing out now in trade tensions with china, discussions over ip theft. we see it play out with lawmakers strengthening cfius and taking a closer look at international deals. is this the right move in terms of keeping america's tech american and in the right hands? >> again, you're breaking up i think you were asking about ip and ip theft i would tell you there's been a discouraging and inappropriate shift particularly in the united states in many ways against the protection of ip, not just

foreign but even domestically because there have been abuses i think there's been overreaction to some abuses. good news, i think it is moving back my bottom line is the most valuable thing humans create is ideas. and it is also the most inexhaustible. there's finite amount of gold and water in oil the opportunity is unlimited i think america has always led the world in innovation, one of the reasons we led the world in so many other ways, and i think we now have to keep reinforcing in america and around the world the value of intellectual property so that the investment in innovation, and so there will be around the world continuing improvement and increase in the rate of innovation to deal with all of the global issues we have, and whether it is energy or water or food on health care, communications, you name it. every one of those areas of human interaction needs innovation, and we need to

encourage it by rewarding and protecting innovators. >> you certainly are walking the talk out there, doing that work with high school students from around the world thank you, dean kamen, joining us from his robotics competition in mexico city. let's get to seema mody. >> today's losses, looks like germany and france will have a third straight week of declines, turkey the forefront of concerns the turkish lira having quite a week it fell another 4.5% today treasury secretary steven mnuchin says the u.s. is ready for more sanctions if president erdogan resists the reels of pastor brunson local media saying a turkish court rejected appeal to release the pastor from house arrest setting the stage for more sanctions which analysts could say could put more pressure on

turkey's currency. u.s. exports to turkey totalled $10.1 billion, less than 1% of total exports. while u.s. banks extended $18 billion in credit to turkish borrowers, that's less than 1% of u.s. bank's common equity, according to jpmorgan. later today, global ratings scheduled to update on the country's credit worthiness, currently three levels below investment grade also on the docket next week, britain begins publication of the new deal brexit plans. let's get an update from sue herera >> good morning, carl. good morning, everyone here's what's happening at this hour rescuers used helicopters and boats to evacuate thousands of people stranded on rooftops in southern india this follows unprecedented flooding that left more than 160 people dead. here at home, unc asheville students are scheduled to move

in today, but the state's department of insurance says five newly built dorms have been deemed unsafe. university officials say issues have been addressed and the state construction office has assured them the buildings are safe the school says students are being relocated out of abundance of caution. jimmy fallon taking the tonight show up the street he will put on a special edition in new york's central park thursday, september 13th it is called a fan event in cooperation with t mobile. things got messy at a minor league baseball game in minnesota last night to celebrate the 40th anniversary of the movie "animal house" the team staged a massive food fight look at that you're up to date. that's the news. they have ponchos on, too. how nice let's get back downtown to "squawk alley. back to you. >> they came prepared. i noticed ponchos too, that makes it more fun.

sue herera, thank you. the president reigniting the debate on whether short termism is harming the economy he asked the sec to study whether businesses should report every six months rather than quarterly. bob pisani has his take. >> i'm sorry, i talk often about this subject i am not a fan of this idea. i will ask you a simple question who wins when less information is available and we don't get reports for six months or more you get information asymmetry. in my opinion, who wins there is the professional investors they'll have access to more information. reducing information by the way isn't going to reduce analyst reports necessarily. if companies don't set goals, wall street will set goals i think you'll be less happy when the analysts are making guesses where they think things are going. i want tochange the subject. i think the bigger issue is the mindset of ceos. they say we want to think great thoughts, don't want to be distracted by short term

reports, but most ceos are themselves short termers, most of them there five years or less ceo compensation drives the behavior of the company, and compensation is based on the stock price. how about change that a little that's the kind of short termism that i am worried about. can i go against the grain of everybody else on the air today and ask the question what's wrong with short termism i appreciate that most of us should be long term investors, but some of us like to trade more often perhaps and by the way, i have endless respect for mr. buffett, but not all of us hold coca-cola into their 90s. i think there's reason some want to move stocks more often than once a generation. back to you. >> good to get a different and civil point of view as you always bring thank you, bob when we come back, apple hitting another all-time high on pace for the fifth straight day of gains trillion dollar market cap in

the rearview mirror. we discuss where the stock goes from here. later, susan lyne is here with us on her take of the elon musk suaonitti more "squawk alley" still to come stay with us not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪

apple. the stock hitting another record inter day high, on pace for a fifth straight day of gains.

ryan white, and timothy lesco, welcome to you both. take a bit of a turn, ryan i want to ask what it would have been like in the past few years if apple only had to report twice a year think of the iphone ramp, how hard it was to understand what was going on with logistics, with demand, with carriers would that be a good or bad thing for investors? >> there are puts and takes for this it is easier for analysts if we didn't have to come together every quarter, write reports, go through models i would say a six month lag in information could create more volatility i think there's different aspects to this that have to be taken a look at. it is difficult enough for people to get numbers right on a quarterly basis for apple

iphone, think of six months and volatility and rumors that come out in the media. >> your take on apple now, it is not an expensive stock by traditional measures, it had a run that a number of people could be a bit surprised by. what is powering it from here? is it belief in the overall ecosystem and strength of the services business or expectations about the next round of iphones >> probably a combination of both i think on the iphone front, people were surprised by the number, are encouraged by the future product pipeline. in general, people are waiting for the services business to catch up, create a larger revenue stream if you want to look two, three, four years down the road, there's more pressure on service business than iphone numbers >> brian, i want to go back to the discussion around reporting less often and possibility it creates more volatility. seems to me if you look at what's performed out of the most

market cap, just this year alone in the stock market, companies like apple and netflix and google and amazon, et cetera, that are not afraid to invest in long term projects, even if it means at the risk of profits at times to continue growing sales. >> right one of the things you have to do is train the investor on your mindset and how you're going to invest amazon has done that very well if you haven't done that and you come out with some big, bold plan out of the blue, that surprises people and they don't like it. part of it is up to management to make sure and communicate to investors what the plan is if they do that, they should be fine >> tim, as we look ahead to this holiday season, q4, seems like there are a number of things at play samsung had an announcement of

new products linked to services. apple is trying to link services, including apple music to more distribution, did that deal with verizon. what would define this season for who end up having a good season. >> that's why you saw apple wait on the home pod so they got it right. you have a lot of new devices coming to the market with apple, fire stick, google you can add speakers and now roku with a home speaker i think the rush is to be the operating system for those devices. apple doesn't like to rely on other hardware manufacturers to deliver their experience they're the one that's building something in each area i think that's going to be our christmas is based on who is selling more home devices. probably two, three years away

from having devices connected to 5g which i think is where apple is leaning >> do you agree? >> i think one of the things happening with apple broadly here is people are rediscovering the magic of apple iphone got this company to take off and smart phone market has slowed now you're starting to see services kick in tim cook is planting seats for new apple things, a watch, car, television down the road, ar glasses. apple understands that everything in the world is becoming a computer. here's a company from the start, hardware and software together, and now services, and no other company on the planet does it like apple whether it is a holiday season or you look out three to five years, that's why apple is best positioned of any of these mega

cap companies. >> thanks. you know what surprised me, apple never had a hardware breakout hit after the ipad. i think everybody seemed to think they would need it to hit that trillion dollar market cap. apparently not brian, tim, thank you. >> thanks for having me. when we come back, tesla up more than 7% one of the worst days. have to go back to march for levels this low. dow is up 62 back in a minute

melissa lee in for scott walker did investors miss out on great runs get a great chance to get in the game? and following tesla's big drop wait until you see what they say about buying the stock after a move like this. and activity in the medical device company and household name in technology, he will reveal both names today on the halftime report. >> looking forward to it melissa lee at hq. elon musk's hour long phone interview sending tesla shares lower today, down about 7% i spoke exclusively with spacex president and ceo a few months ago. she told me what it is like to work with musk take a listen. >> there's been a lot of that in the press recently i love working for elon. he's a great boss. he's funny he's incredibly fair, almost to a fault. and he works really hard

he's an inspirational leader, inspirational boss i want to work hard to make sure i do whatever it is i can do to help him >> now at post nine wing, weighing in on what's next for musk and tesla, susan lyne and phil levin thanks for joining us today. >> thanks for asking me. >> susan, i want to start with you. one of the things out of this report from "new york times" is the fact they're looking for a coo, have been doing so for several years. why do you think it is hard to secure someone >> they have to find someone he wants to work with this is ultimately they can't just put someone into that job without elon wanting to partner with them. so i think that's a tough order. he is clearly a brilliant guy. there are very few people you can think of that imagined as many things and executed on

them so it is hard for a board to say you must and i think until recently he believed he could do this himself. >> phil, this report from the times, very candid interview, certainly has a lot to say here. stocks reacting pretty negatively to it are you surprised to see the stock reacting this way to this? was this the right move for him to do this interview >> i'm not surprised to see the stock reacting to it because short term stock reactions are caused by things that are incompatible with what it takes to run a visionary tech company. things will move up and down, based on emotion, based on misquoted comment, based on some show of vulnerability. hard to predict which way they go i think the best strategy is not to trade on very fast corrections up or down, but to

look at the fundamentals is it a good or bad thing for the company that the ceo has a lot of insight, self reflection, is capable of self reflection and self criticism, capable of being vulnerable, yeah, that's a great thing, a great thing long term what it means short term is kind of irrelevant. >> susan, i wonder what you think ceos are saying that say i work hard, long hours, i have short sellers, i don't take vacations, and i'm not getting this wave of empathy from national media is that a legitimate point of view >> i think there's more here than just that i mean, this interview was more than just him being self reflective it bordered on almost a breakdown. >> that's what the board has just told us. >> i think that's what people are really reacting to look, there's a ton of research about what happens to you when

you don't sleep enough he is talking about not having taken a vacation for 17 years and not taking more than it seee maybe three or four hours a night and that's exactly all the things that he needs to be on top of are the things that sleep deprivation harms. right. your prefrontal cortex that governs problem solving and even inhibition >> impulse control >> exactly so i would say you know the first thing if i were in his orbit, i would be saying we got to find a way to get this guy more sleep and he can't be working in the office for four days straight. just not sustainable >> phil, what should investors understand about the pressure of

being a founder who's got investors, who expect results, who's got employees who are counting on this company to succeed for a paycheck we talk about elon musk almost i feel as a fictional character t he's a human being who's under pressure people got money riding on him though, that's the reality, that's why we're talking about this what should investors understand about being in this position, which you to a degree, have been in >> so much smaller degree than elon you're right people want to see tony stark suffer as part of the hero's journey, but elon's not actually a fictional character. he is a real human being running a company and yeah, getting enough sleep is vital. you can't go on for too long without it it's the ceo's job to build a company that doesn't fundamentally depend on him or her. they have to build a company they can walk away from.

that's the only way to make a company that you can lead. that's the biggest work of a ceo and it sounds like elon and tesla are engage nd that and making sure new people so it's not all on elon's shoulders. that doesn't mean necessarily he's going leave maybe that's the way he can stay, but structuring it to be more resilient is the hardest work of being ceo. >> is that really one o f f the key problems here? that a company that's still at this point in the game, so entwined with elon musk? >> absolutely. i think that's very clear. and you do want him there. he is a hugely unusual leader. as i said earlier. you know, he's imagined everything from colonizing mars to electric cars to just extraordinary leaps of imagination. but he's executed on a lot of

them and so keeping him at the head of that going to be critically important let's not forget that tesla has had an unbelievable run since it launched not that long ago. i mean you look at the annual sales growth of that company and it's been almost unmatched and the stock price as well. so he's earn ed the right to leave the company. i think what is really clear from this interview is that the time has come for him to have people surrounding him who are going to make sure that he's doing what he does best. but that he doesn't have to worry about everything >> all right we're going to leave it there. thank you both for joining us today. susan and phil >> thank you >> as we head to break, take a look at shares of nvidia down 4.5%. stock under pressure this morning after lowering its current quarter guidance despite an earnings beat

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door dash has just raised a $250 million round of funding months after closing a $533 million round. the start up says it tripled its business this year an when he joined me in the spring, guys, the ceo said he's raising this money to expand outside major

cities this is a high stakes battle for the suburbs when it comes to delivery >> fast. >> they are. >> and they're not the only ones uber a big part of their valuation. thai going to get into this same space. >> apple is on a tear now. dow's up triple digits let's get to the half. >> welcome to the halftime report i'm melissa lee. we start off with a chip wreck the sector down 3% in one week with more declines today nvidia leading the drop. here to debate, jim, jon -- one of forbe's top advisers and jj what are we to devid from this is anybody buying nvidia today >> no. >> why not >> well, and we talked about this yesterday, melissa,