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t. rowe price. invest with confidce. i'm a small business, but i have... big dreams... so how do i make the efforts of 8 employees... feel like 50? plw can i share new s virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes... just like that. likeverything... the answer is simple. i'll do what i've always done... dream more, dream faster, and above all... now,ig i'll dream now more businesses, in more places, can afford to dream gig. ercomcast, building a's largest gig-speed network. >>> you're watching "news 4 today." >> welcome back. it's 6:40. more students return to the glassrooms this week, the news 4 i-team is work for you, asking how protected are your schools? >> they are reviewing where school resource officers are deployed in our districts. >> reporter: the d.c. region has reds of school resource police officers. from fauquier county to d.c. many cous d more. but many major local school d tricts are falling below a national standard. the national association of school resource officers recommends that every

facebook among the major stockholders to reduce their positions is t rowe price and fidelity. er a lot of pressure. there you see the roller coaster ride. it looks like fidelity and t. rowe price, it has gotten to tough. , even thoughctors it has fallen after qualcomm pulled the deal, it has been picked up by many of the hedge funds in these latest filings. rishaad: thank you very much indeed for that. su keenan joining us from new york. looking at those filings. it is rate decision day in indonesia. the stock market open just about an hour before it gets underway. whatng at that, and also we have at the moment with we haveto that, and how a lot of pressure to do something about the rupiah, which keeps depreciating. an interestng at rate hike possibly after several interest rate hikes in recent months. jci moving up .25% in the session the us far. it is fairly. -- early. turkey responsible for some of what we have been seeing with that rupiah. we will look at whether the turmoil appears to be stabilizing. earlyalyst say it is too to say whether the worst is behind us. ♪ behind

t. rowe price. invest with confidence. >>> well, hazy, hot and humid as look outside. temperatures feel like they are in the triple digits today, and that's why we're inth w alert mode. doug is working on the forecast. he'll be back in a few minutes toell usow long this lasts and what to expect for these big labor day weekend coming up. >>> a prince george's county police officer is in thedl m of a viral social media controversy. he was caught on camera during a police dogti demonstra saying something the police chief is now apologizing for. bureau chief tracee wilkins has the story you'll see only on news 4. >> you guys have question. >> the proubince george's count police demonstration where a canine handler said something sparking controversy. for instance, if a black guy is running and drops a cell phone. >> this portion of the develop phone has pred skrid and one -- during that presentation one of our handlers made anat unfort remark. the reaction is. if that officer misspoke. >> reporter: responses on facebook on the officer's words and the chief'sgy apo were cri

t. rowe price. invest with confidence. >>> a closed door meeting for the maryland board of regents. board members were called to discuss the death of football player jordan mcnair who died of heat stroke two weeks after a practice earlier this year. the board took control of theig inveion after the university decided to put several members of thethtics department on leave. that includes head coach d.j.rk du. today we learned the board received a letter from school owners supporting durkin. >>> a former fairfax county scolteacher will have to wait another day to learn whether he faces a free man pore jail time. a jury is deciding whether timothy threlkeld sexually molested ahe former student the student was just 14. threlkeld lost his t license teach four years ago when the improper relationship came to light but the student revealed new details recently that these charges. n closing arguments earlier today the prosecutid threlkeld was grooming the student for a sexual relationship. the defense said her statements don't match the physical evidence. >>> a trial we heard a lot about th

t. rowe price r ous expertgobe theyond nbeumrs e tomixanvne itmes entpooprtunities firsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts. and mobile payment reaching new markets. this is strategic investing. because your investments deserve the full story. we t.ro p.rice stinveh co witnfenidce. aounn:ncers thi ishe t .finity ssport skde > well, it wt asn'15 a-0,gain tthey're on top. >>nd a i knew youeder jazze tabouhe t puminpkce spi lae.tt >> ttloy. iev n learned howo oupronnc tehatan fcy stuff. t's face it suaynde, th0 5-win overhe t me.ts butal cvin her era sfered a imegaeant tr in his left foot ansd i now onhe t l.d. ve n klyelnd eed uplo g ssg inwahis y tou ofwnto. nito ightnphiladelphia, just loin fgor aet qui w ainnd bono gdyets hurt. evenou yrri fenydl pyhill ccraoon hngeadi tseo e straursbng o t mheound for the tsme. sbstraurg not just getti idot ne on the mound but at the e.plat fothnn i ting,ie adt twoit wh based loads. ys down the bu.nt a run esscor. gnatsake-2 a 3 adle. strasburg lookingdn o the hill. hoskinsot a fan of that llc

t. rowe price, more than 9%. a 4% stake, ten cent out of china 7% stake. >> where do you think he's getting the financing from? >> i'm not sure he has the financing in place. he's a really strong player. >> a gambleer. >> the fact of the matter is i believe the money will become available. what people are interested in, charlie, not only who's making the best car. they want to change the world here. what my kids and the millennials are saying, we don't care what happens with the stock price. this is a guy you want to bet on, elon musk. liz: charlie, harvey pitt, who used to run the sec said this is unprecedented and cast concerns about this, something you have just now mentioned. however, elon musk was among the first ceos to be granted approval by the sec to tweet out company news. regulation fair disclosure which started after the dot com bubble burst forced all of us as reporters, i used to work through analysts and company ceos and get it first, they have to put this out to the markets off the bat to. everybo

t. rowe price our experts go beyond the numbers to examine investment opportunities firsthand. like e-commerce ng spurriardboard demand. the pursuit of allergy-free peanuts. and mobile payment reaching new markets. this is strategic insting. because your investments deserve the full story. t.rowe price. invest with confidence. >>> a plea deal for a prominent d.c.awyer with a jail inmate. >> teresa husband served as a ethics adviser. she reports how it had her husband seeking a crisis manager. >> arriving at the county courthouse with her lawyer. she pleaded cotest to an amended charge of disorderly t. cond it was last call that lead deputies to discover a jail inmate in e backseat of her car. the inmate was a trustee allowed to do work outside to jail fence. the official charge izunauth delivery for giving a bag of vitamins. >> it is that the female subject was delivering edunauthor articles to the inmate. >> the mate told investigators he had been meeting with birch field far month. she said hay would have sex in her card it sho weeks after his wife's arrest he filed for divor

t. rowe price fund have performed the best over the past three years or five years. guess what. is not their the biggest single holding, it is one of the top three. that is a constant. so if you look at performance in the stock market as represented by mutual funds, these are actively managed funds. people are expressing a preference and tesla is driving the performance. that is just a fact. if you look at other things, you would say, what about their business? for example, which has gotten a lot of publicity, not a lot of it kind, and it has the highest owner satisfaction rating of any of the cars in its category. they are all internal combustion engines. so it is luxury entry vehicle, luxury compact. it is like number three in the consumer reports. very high in road tests. wordsperforming in other as well as anyone might expect and maybe even better than the traditional vehicles competing against. mark: there are wonderful start in here. i learned a lot. 11la burning through cash 2016,in 2015, 27 times in 35 times last year, 52 times. it is amazing, isn't it? the most successf

t. rowe price maybe they don't have the money but maybe somebody else down, a saudi arabia or sovereignlth fund which he is telling the truth. connell: that is a good point because it still good be a situation, his phraseology, funding secured, could be true. both these things could be true. >> i heard you, maybe fidelity, t. rowe price will not put up more money or maybe, softbank for example, has a 100 billion-dollar venture fund. they could afford to help elon musk out at tesla if they wanted to. numerous silicon valley companies could as well. connell: looking perspective being analyst of the technology world, does a publicly-traded tesla make more sense to you or a privately-held tesla? >> honestly i think from elon musk's point of view he would much prefer to be private. that is his dream. you have complete control over his company, not be locked into disclosures, stuff like that. unfortunately this whole plan doesn't tie in with that, over 2000 people are owning the stock still, he still will have to make public disclosures what he is doing. he wants to remain this private compan

t. rowe price, they have pretty big stakes in that company, but they would also have internal compliance issues that limit just how many shares or just how much really those companies can hold in a private company versus a public one. it would be come split cad for individual investors such as yourself, myself. musk said while he knew the process of going private would be challenging, he admitted that it would be even more time-consuming and distracted that he had initially anticipated. thus he changed his mind. he basically says now he can focus on the model 3 electric car production and profitable. here is one quote i took from the blog post, we must absolutely stay focused on-ramping model 3 and becoming profitable. we'll not achieve our mission of ramping sustainable energy unless we're also financially sustainable. as far as wall street reaction, average price target of 329 for tesla. a lot of analysts are warning there could be a wild ride in next sessions. there are various reactions this guy is legendary, shares could hit $400 because of his vision, because of the fact silicon va

t. rowe price, fidelity. i guess they actually, i don't know if it's these two in particular, they told him listen, if you go and become a private company, there are actually, there's a limit to how much we can own as far as our compliance is concerned, then individual investors, for example, people like you and me, how do we do that. i don't know how to convert my public share in a private holding. so i want to read one quote i brought along from the website, from his blog. we must absolutely stay focused on ramping the model 3, becoming profitable. we will not achieve our mission of advancing stable energy unless we are also financially sustainable. essentially he's just saying listen, i get the fact that i actually have to hit production targets, i actually have to make a profit on this model 3 electric car. he's just renewing -- but the analyst community has been really split. some people are saying okay, put a buy on it because he's a charismatic leader. for the people who want to work with him, they rea

two major companies sold off tesla, fidelity investments and t-row price group sold off more than 20%. ashley. ashley: i almost ran out of paper on all of that. i've got facebook, apple, twitter, blackrock, bank of america some very good tips in there. >> you wrote it all down that's amazing. ashley: i'm going to put my $ 9.50 to work. >> we may not be as wealthy as them but at least we can start to play like them. ashley: yes, lacking some zeros there. no kidding no kidding, but very good information christina appreciate it thank you very much. >> thanks. ashley: the closing bell ringing in right now, eight minutes and turkey and tesla dominating the market headlines we've talked less about that but there are investment opportunities all around it. our countdown close i have some pointers, next. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel

t. rowe price, one of the investors that reduced their stake, will they come forward or did elon musk go after the short sellers who were betting the stock would fall because they lost a lot of money on that particular day when he tweeted out. elon musk facing lawsuits and a whistle-blower saying there is issue with the batteries in the model 3. a lot on his plate. adam: the ego in that, can anyone do a better job. at the time he tweeted, talking about whatever. kristina. we'll talk about it more here. carol and jack are back with us. jack, the amount of whining and crying in that article, i spent my entire birthday at work? who hasn't worked their birthday. give me a break. >> the answer to his question, mary barra, for one, she is busy running gm pulling ahead of tesla in electric cars which is supposed to be tesla's whole thing. you remember when larry page at google started getting a little weird, they brought in a grown-up to run the company and hand it back to him. they hadn't got as weird as muck has lately. melissa: carol, i always heard stories like this about elon musk years ag

t. rowe price, 9% stake. fidelity, 8.2% and ballie gifford, 7%.encent, with a 4% stake >> look at the sovereign wealth funds that are out there, there's a lot of money sloshing around out there, norway is a trillion dollar fund, china investment, this is a mean one for china. it the goal states have multiple investment funds, but abu dhabi with 683 billion, and saudi arabia has $250 billion. so you could potentially put something together in that the top five existing shareholders stay in, and then you get some sovereign wealth fund manager, maybe they take a bigger stake >> there couldn't really be debt because there's no way to pay it down or ebita. musk would roll in and have -- >> scott, we have tweets to go on and a board statement, and i'm reading from a jpm report this morning, either funding is secured or it not secured and tesla's ceo says funding is secured. scott thoughts on that >> well, you know, i think that it's a pretty interesting time to be in the automotive industry and really the idea of taking tesla private is a very, very str

t. rowe price cut tesla stakes over 20% in the second quarter, so perhaps also focusing on financial woescompany. meanwhile, we saw george soros, his fund bought facebook despite the recent troubles. it seems facebook was a popular pick among some of the money managers. .s. major holdings as of june 30th. unfortunately, depending on whether they held onto these holdings, they did suffer from that record slump, close to 19%, that we saw in july. so certainly tech, some of the popular trades. spotify was one, pandora also. semiconductors as well like nxp. ramy: talking about facebook, stanley druckenmiller, the former money manager for george soros, took a huge wager on facebook. we know how that ended up later on. he apparently bought $178 million, according to that regulatory filing. it's not just them. he also went into microsoft, amazon, but also similar to what we said earlier, exited intel and micron. interesting some of the chips are seeing a little bit of an exit. facebook definitely one of the biggest plays in the second quarter. interesting to see what actually happens in the thir

t. rowe price will go against it but it's an uphill battle for icahn. which we are expecting tomorrow along with the other bloc proxy advisory services. many think they'll be able to squeak by in terms of the vote >> they did put out that aka outlining the merits of this deal in this case, this is the way the industry is going, people are looking for more integrated of benefits of both medical benefits and the pharmaceutical benefits and also looking for them to break out and cut out some of that middle men fee to make it a little more efficient. >> exactly they were coming out in part i guess to address that rebate question that iss may have even been raising in relation to the cost of express. donna, thank you >>> when we come back, a lot of big earnings reports to get through. adidas and roku are reporting today. we'll check in with anthony wood the ceo in a moment as the dow is up 4. don't go away. hi i'm joan lunden. today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming poo

t. rowe price, fidelity, baillie gifford, tencent we have no comment from the s.e.c. or tesla regarding what y inquiries the s.e.c. has made regarding the tweet on tuesday or other e-mails that elon musk -- or other tweets that elon musk has put out regarding production or sales targets. so, bill, we go into the weekend with more questions than answers. >> indeed. phil lebeau, thank you >>> now over to sue herera with our cnbc headlines for this hour >> hello, everyone here's what's happening at this hour canadian police say they have onesuspect in custody followin a shooting this morning that left at least four people dead in eastern parts of that country. according to officials of the four people killed, two were police officers. no names being released at this time. >>> gaza's health ministry says 30 palestinians were wounded in clashes near the gaza/israel border earlier today protesters burned tires along the border and israeli soldiers responded with live fire and tear gas the protest comes during a recent flare-up of violence between israel and hamas. >>> forme

t. rowe price down, blackrock down as well both taking a hit on this no fee index fund the head of fidelity's personal investing business will join us in a few minutes to talk about this breakthrough product. >>> breaking news this hour, casino stocks getting whacked led by caesars the stock plunging during a conference call. contessa brewer is here with more. >> yeah, we saw trading halted twice on the downside, tyler, and once on the upside at one point the stock down some 20% following marks from mark frissora, the ceo, about softness in the third quarter, especially on bookings he said they expected the growth to be somewhere between flatto 2% but for the year to recover somewhat in the fourth quarter with double-digit growth for the rest of 2018 they're predicting 4% to 6% growth still what we saw in the markets was this major draw and halting for volatility and then mark frissora came out and said, look, we know what booking looks like for the end of the year. we saw weakness in july and august, strengthening in september. what we're seeing here is a knee-jerk reaction and we don't need

t. rowe prices actually accepted the arrange that's another issue >> based on how he's acted in the pastased on what we've seen the reporting around this specific tweet and things leading up to it, doesn't seem like he had those official -- the rule -- there's a wall, there's rules in place for a reason, to protect shareholders and the process, he wants to go outside the process. what do you know about this azelea bank thing? >> this is where all the worlds collide. she was a rapper, spending the week over at elon musk's house, because his girlfriend, is it? >> yeah. >> they met on twitter >> his girlfriend is grimes. >> bingo she had an instagram story she posted over the weekend saying i'm seeing elon musk, trying to protect himself outside of this tweet. now on the phone he's trying to secure things. >> he's in the kitchen on the phone, he doesn't have the funding. he's not good looking in person apparently >> i'm looking at a shot of you guys is that standard issue "new york times" wardrobe? >> uniform >> is it friendly? look at that yes. yes, ponch we understand. >> there's a briefi