nicole tesla was a scientist known for his developments in electrical engineering and including alternating current at radiohead and the induction. richard munson talked about him at this museum of science in boston. >> at morning everyone. welcome to the science and technology center. my name is eric. this is a very special guest event. we have a guest speaker richard munson who is here to talk about his brand-new book that just this week called "tesla" inventor of the modern. who is hurt if nicholas tesla. we hear about his life and accomplishments from the author himself so please join me in welcoming mr. munson. >> thank you very much. appreciate everybody coming today. tesla, he has become -- there has been aer modern revival of m mary page who is google co-founder recently came out with refer to tesla as a hero. probably most people when they think about tesla they think about elon musk's cars and batteries but i today want to talk more about the man in the process. i was four years in writing this book and i thought i would offer some insights from my respect event for them that i th

[applause] nicole tesla was a scientist known for his developments in electrical engineering and including alternating current at radiohead and the induction. richard munson talked about him at this museum of science in boston.

tesla now eases all concerns. the cash, profitability and demand. back to you guys. liz: 530 -- right now nicole, if that is the price target to have a long way to go. right now apple is at $345 in change i'm sorry tesla rather, we hundred $45 -- $345. 19.3 million shares. now we can announce it is now the most valuable automaker company as far as market in america. sorry, putting on my glasses here. the market cap at 58 billion. general motors behind at 51 billion, ford at 38 billion. that is just for the sake of bringing the ball in. fiat chrysler 26 billion. that is an electric vehicle car. you can complain all you want about whether it is overvalued but right now, that is the news. all of the text scallions aside we cannot ignore this question we been trying to answer from us. do markets really care about the threat of a trade war? and what about corporate america? is corporate america feeling the heat yet? it turns out there has been a major uptick in tariff talks in the second quarter according to an investment group or when i say the tariff talks i am talk about chatter from companies. th

tesla. i'm sure we'll cover this plenty tomorrow. melissa: no doubt, nicole. thank you for more on this. today's market panel, gary kaltbaum, from kaltbaum capital management. lenore hawkins from themematica high, low? >> this is roughly 3 1/2 times the size when dell went private and that was enormous. that was a herculean effort. and this one to be so flippant about it, but i got to say i'm pretty sure the sales team at twitter sends musk and trump fruit baskets on a weekly basis. melissa: absolutely. gary, 420 may sound rich, but if the south did is are behind it is a drop in the bucket. >> if he can get it, i take it before you say boo. my biggest question is, investor money is confirmed, but the stock is $40 below the 420-dollar price. we'll see. melissa: right. >> couple interesting facts. has bigger market cap than gm but gm has 10 times the sales and actually makes money. on top of that teslas has $10 billion in debt and would have trouble raising more debt. melissa: yeah. >> money-losing company, all of a sudden he comes out and states all of sudden they will will be profitable,

you are out in silicon valley where tesla was founded and has a plant in fremont. it's fascinating to see, nicoledes, you looking at these headlines. once we see the headlines, do you expect the stock to start trading again? i'm looking, it is still halted right now. reporter: that's right, a short time ago, i saw on the traders' screens, it was not going to reopen any time soon, and waiting to see, in fact, is this blog the news pending? we needed news pending, this is why this is halted. it really is a big issue. traders are completely outraged, liz, wondering how this happened? and as harvey pitt sec chairman said this is unprecedented to have a ceo come out without warning. is he going to be giving it on facebook? on twitter? was this fair? was it a block? was it a hack? people are really moving forward here. liz: i love harvey, but i have to say harvey pitt is old school, elon was one of the very first ceos to get approval from the securities and exchange commission to put news about a company through twitter. what is the difference between that versus business wire or pr wire. stock is stil

information on elon musk's financing plan for taking company private nicole petallides with details what a week for teslaoke the stock halted a whirlwind i have to tell you this morning now the board is seeking more information, on musk's financing plan what does he really have lined up a wink and nod from saudi fund what is lined up this is the largest leveraged buyout ever board looking at this, proposal may move into formal review if this really happens would likely have to recuse himself larger shareholder ceo chairman just like michael dell stepped away 2012-2013, they could move forward elon musk would not be running the show in fact he would have to have his own advisers separately i was talking to an analyst jamie at consumer edge this is from two weeks ago basically saying what a wild child musk was with exact words a risk with tweets from 100 a month up to 400 a month what risk he brought along with it, then talking to risk, don't want to touch it so much pain you think would have jumped in on spread 420 guess what they thought too erratic didn't believe he secured funding, can i get to mcdonal

tesla. that will be an ongoing story. it is up almost three bucks today at 32 it-- 322.82. ashley: thank you, nicole. oil snapping a seven week losing streak. bring in back the smiling phil flynn. i enjoy your morning notes as well, phil. we all do. >> thank you. ashley: i always have a hard time figuring out oil. we're told at one point there is a glut, too much of it. what is fueling the rally and price now? >> i think the glut was so last year. we're talking about one of the tightest markets we've seen in a decade. today we had a lot of news for oil. everybody thought china would stop buying u.s. oil because of the trade war. starting to realize, hey, wait a second, u.s. oil is pretty good price. china is back in the market for u.s. oil, tariffs or no tariffs. that really tightens the market. it shows you demand in china really isn't going down that much. so that is a big sign. you also have a strike in the north sea. total, talks broke down with the union. we'll lose more oil from the north sea, maybe 40 to 50,000 barrels a day. that will impact it. talk about jerome powell today, how about that?

tesla. that is to the downside and well off the 379 it closed on august 7th after the big tweet. connell: awkward. that is good one, nicole. we'll go with awkward for elon musk and company. we'll talk about that more. to breaking news right now on the polling front, "wall street journal" out with numbers showing that president trump's job approval basically remains the same. it has stayed steady, despite what was a rough stretch by anybody's estimation for the president last week. the survey was taken after paul manafort's conviction and michael cohen's guilty plea. shows 44% of registered voters approve of the president's job performance. 46% a week ago. not much difference there. we talk that now, 32 advisors ceo robert wolf with us here in new york. conservative review tom borelli as well, american university executive in residence, capri kfar yo. i will start with you. you're not lucky to sitting with us here in new york so you can bat lead off. a lot of people make what they make of the president's approval ratings, but doesn't seem like last week's news, important as it was, momentum it samed at time, didn't move th

reporter: i'm nicole petallides with the fox business brief. after goldman sachs dropped coverage of teslalted research coverage ever tesla, moving it from an equal weight to now not rated. leaving people to believe that the u.s. banks may be doing business directly with tesla. we heard from goldman sachs and said a week ago stopped coverage. it had confirmed it was acting as a financial adviser to tesla. of course, tesla under investigation. the sec looking closely after elon musk tweets it secured funding. in the meantime, very volatile chart there, and are you thinking about buying tesla? the analysts who cover it are almost equally split between buy, hold and sell. hi, i'm joan lunden with a place for mom, the nation's largest senior-living referral service. for the past five years, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters, exercise rooms and swimming pools, public cafes, bars, and bistros, ev

dagen: get down i mean get up nicole thank you the host of "varney & company" stuart varney your take on teslale of ceo of tesla can bring confidence back to the company. i think servers and board members are pretty close to pushing him to the side. and bringing in a professional executive to run the car company i think what tesla needs, what mus.k. needs is cfo one knows how to run a mastering accompany i think foisted on musk he can't bring back defense to the company just can't what tesla needs at the moment to produce model 3's in large numbers return. profitability as promised by musk do that company is back on solid footing i don't think musk alone can do that occurs to me there month something in the water in america we proud geniuses entrepreneur geniuses create extraordinary companies, steve jobs apple, jeff by his az amazon mark zuckerberg facebook, tesla musk could be in that league if he walks away from all powerful controlling job sticks as visionary allows tesla to become a dynamic company in and of itself i think he is close to being pushed aside. dagen: you can't push him aside

i'm nicole petallides live on the floor of the new york stock exchange. the dow down 44. we've got a keen eye on teslaerday when the stock was halted in the afternoon on the breaking news when elon musk himself tweeted he's looking for a buyout, that this may happen, he is financially secured and $420 a share. stock down 1.6%. even harvey pitt, former sec chairman was on the show a short time ago talking about how unusual it was to release this type of information during the trading day is really locked up and may be guilty of committing fraud. board has noted they have met several times, but this type of deal requires independence on the board and shareholder approval. it left a lot of questions to investors at this time. one-third of mutual funds and etfs, one third of the stock goes to mutual funds and etfs, certainly many people are affected by. this we did see, as i noted, tesla down 1%. then amazon, turn the arrow around up 1% today. at the same time, whole foods which is obviously an amazon company launching online grocery pickup, you click on it and drive to the curb and pick it up. amazon has

tesla owner after this. ♪ stuart: down 40 points in the first 12 minutes worth of action. we're at 25,600. mcdonald's spending millions to help young workers in chicago. tell me more. stuart: nicole this is what president trump is talking about in the recent rally. chicago has been front and center. this is an initiative this is good work by a good company. two million dollars. they're rolling this out, goes to community organizers in chicago for chicagoland's future. they will give the young people what they need. they will connect the trainees with employers. they will give them skills to facilitate opportunities to get jobs, quality jobs. of course when you talk about disadvantaged areas, this is what their foal is, ultimately. they hope to help two million people. that is by the year 2025. young people. what is interesting, 40 students will get associates degrees. they're pledging to do this abroad in europe and latin america. but like it right here at home first. back to you. stuart: chicago sure needs some help. it will get a little bit of it. nicole, thank you. >>> california firefighters say verizon slowed down internet speeds at their command center as they were fighting