the bottom line is that it is still elon musk's company.t would be hard for the most independent of chairpersons to completely get him in line, because sort of what makes tesla successful and him successful is the fact he is willing to break with the norms. so we don't know. in terms of if you were worried about him putting a close friend on the board for somebody who has no shot of calling him out at times, then this is probably a good choice. it definitely could have been somebody much closer to him than this. and that sense, it is good news for investors. emily: i want to take a look at this chart showing tesla short interest. a quarter of shares have been borrowed. this is a pain point for musk. do you think the short interest against tesla will continue? >> i think it has to come down, especially after this print where they generated substantial profit in the quarter. elon's behavior, to his credit, has been noticeably better sense they finished the sec investigation and he paid his fine. robyn, who comes from telstra -- i think it is

denholm is faced with almost i'm possible job of overseeing elon musk. , what happens the first time there is a conflict between the two? >> well, give my opinion. first of all i think the conflict goes musks way and this is -- >> really. >> this is window-dressing as far as i can tell. bring someone in from basically musks inner circle, oh, now you will be my defacto boss i think placating the sec. the other thing, it is interesting, back in 2015, now granted she is not ceo but let's call her the chief executive, only 13% of ceo's came from the cfo ranks. that's important because -- >> she is chairwoman though. >> people that are cfos is a different bolt of cloth from ceo's. different set of leadership skills. maybe she is different. i'm just not sure, a, any cfo in this regard is going to be the right person. >> she is the chairwoman, right? she became the chairwoman. david: cfo of a telecom company. >> became the chairwoman based on sec settlement of funding secured tweet. it is great looking at her smile. you get the impression that will be last time

were talking about marc benioff and elon musk.francisco prop c past, the number one backer marc benioff have moved on to the next city issue. after elon musk tweeted out, benioff called on him to bring the technology to san francisco. tweeting elon musk, can you help us in san francisco. we need rapid transportation from downtown. can you do it? elon musk responded saying sure we can do it. the l.a. tunnel is a test. passengers will travel by pod under the city in hopes of reducing traffic. how real is this conversation? >> not that real. the demonstration tunnel is just a couple of miles long. these things require massive investment and permitting. elon musk has made big investments by twitter before. we saw a solar project get agreed to in a similar exchange. we can't totally discounted. i would see this as a sign of two moguls feeling confident. benioff because he just had a big win with pop c. elon musk because of tesla. emily: you know more about what the boring company is working on. we are talking about a pod vehicle that c

another twist in the saga of elon musk. the leverage loan he has been seeking seeking to get for -- seeking to get for spacex. bloomberg learned the company has cut the size of the loan by $500 million to $250 million. elon's closest ally on wall street, goldman sachs was originally in charge of the deal, but spacex wanted wide latitude so they took the deal to bank of america. coming up, doctors are getting reboot with the help of ai. elon musk calls the third -- we will explore the potential clinics of the future. elon musk calls the third quarter the best quarter ever for solar. why are employees calling its factory an afterthought? why teslas solar business has remained largely idle. this is bloomberg. ♪ emily: this is "bloomberg technology." health care start up forward wants to be the apple store of doctor's offices. that is, if an apple store can learn and get better with data. google's former head of special projects launched forward in 2016 to revamp the health care industry and reengineer the doctor's office. toda

n elon musk's spacex, etc. >> guest: that's interesting. we have a whole chapter devoted not just to elon musk, maybe 10 pages to him, and maybe 6 or 7 other space entrepreneurs who, like him, are building rockets. and we have to give him credit. i mean, with the government what they do is they shoot up a rocket, and then it's gone. of with elon musk, they shoot up a rocket, the rocket comes down, they can reuse it. imagine if every time you took a car trip, you had to junk the car.av [laughter] that wouldn't be a good wayo to go. so we have to give him credit for that, and he is a entrepreneur. on the other hand, he takes a lot of money from government. a lot of money from government. most of his money is from government. which is sort of problematic. it's more like, what do they call it, crony capitalism than real capitalism. in other words, if his money came from you and me on a voluntary basis, that would be one thing. but if it comes from you and me through coercive taxes that the government gets and gives to him that's another. but in

now the question comes as elon musk a good guy or is he a bad guy. he would be justified in taking money from the government. what we do is we go over a whole bunch of elon musk's he doesn't pass the smell test. it is not a good idea. we do have a chapter devoted to all of these people and if after taking money from government are they on the good side of the bad side. we deal with this sort of a question in this chapter. should there be any regulation of space travel at all. my view is that they should not only is it is a bad institution based on coercion. should we had antitrust. and this kind of regulation and that kind of regulation. the market is the best regulator. the recent we have good qualities from mcdonald's is not due to the government. if we didn't have good qualities they would be out of business and a wink. yes i i yes i say to regulation. and i certainly had those laws. but the government regulation is an entirely different kettle of fish. what is donald trump calling for a fourth branch of the military in addition to the army navy a

elon musk knows about in this more than anybody.deal with having to tell people everything that's going on with their business. they're not going to throw a his city fit, but -- hissy fit. why wouldn't, why overshare? the regulators kind of give them a little pressure, but i don't blame them. >> jonas, i disagree with you, and i disagree with musk. it's easy to look at apple and just see their products. just like it used to be easy to look at ibm and just see mainframes. that's not the growth part of their business. so he's right about that. exciting products? it remains to be seen. i think there's sill a lot of people buying iphones, ipads if, etc., etc. but the real under the covers that he's missing is one of their biggest businesses, maybe their highest businesses, their services, the apple care, apple pay, the app store, the apple music. that's a $9 billion business growing by 30%. that's where it's shifting to. that's story i think musk is missing and a lot of shareholders also. >> gary, what happened to you? [laughter] you us

but it brings up the question what does the future hold for elon musk? d what will his role at tesla be like niepow that there is someone other than him in the chairman role. remember, he remains ceo of tesla. while robyn denholm and elon have said this is great we work together still marching to the drum beat of elon musk in other words robyn denholm will be engaged and everybody who identified talked to today familiar with her says look she is a good chairwoman at the end of the day this is still elon musk's company. and elon musk still holds massive influence in terms of the direction of this company even as they look to add two more independent directors finally look at shares of tesla versus the s&p 500 we are looking at this the last three years. the reason we bring this up is because mccory is out with a research note saying it's possible that tesla could get added to the s&p 500 this is not happening overnight. remember, to even qualify to be selected for the s&p 500 the company has got to have four profitable quarters in a row they had the first

we should get elon musk to do pharmaceutical ads. he would only tell us the side effects.t might kill you. it might clear up your skin but you might probably die. ( laughter ) it's so nice elon musk is so up front about the details. it could be funny if elon musk could have waited till they landed on mars, i forgot to mention! you are my space slaves! get to building my base! you realize the white people would be slaving away, singing their caucasian spirituals. ♪ speed caroline ♪ -- ♪ sweet caroline, oh oh oh ( laughter ) >> trevor: all parents dream about what their babies will look like. thanks to some chinese scientists, you might not have to leave it up to the chance. >> bombshell overnight from a chinese scientist who claimed to have created the world's first genetically edited babies, a procedure denounced in the scientist world as human experimentation. the researcher made unconfirmed claim he altered the dna of twin girls to give them a trait resistant to the h.i.v. virus, a procedure reportedly able to rewrite the blueprint of life during in vitro fertilization.

carol: who knew elon musk had another facility in buffalo?some tax breaks and incentives to build a facility. elon musk has never been there. jason: austin carr takes us inside. carol: this is a story everyone should check out. jason: marc elias is one of the most powerful forces in the democratic party. he even earned a tweet from the president. carol: you can find more stories at businessweek.com over the weekend. jason: and check out our podcast available -- we talk with the president and ceo of the 9/11 the memorial and museum. carol: we also caught up with the chief security officer at bridgewater associates. we talked all things security. jason: more bloomberg television starts right now. ♪ >> welcome to the panerai classic rights challenge. a race at this local venues

elon musk revealed just how close the company was to collapse.esla was within single digit weeks of failure. take a listen. >> i mean, tesla really faced a threat of death. essentially the company is bleeding money like crazy fan we didn't solve the problems in a very short period of time we would die. emily: joining us now bloomberg's business week's, max chapman. elon musk talked about how difficult, how insanely difficult it's been to run this company. what do you make of him putting it quite that way? >> it is interesting. back in april there was an ril fool's gag where elock took a picture of himself looking as if he were homeless and said tesla is bankrupt. and we're learning that wasn't as much of a joke as i think everybody thought it was at the time. this was kind of out in the open. if you were reading his tweets and looking at the frantic nature of the messages out of tesla as well as reporting from bloomberg and others you knew things were bad. that they were really pulling out everything, every stop they could to get cars out the doo

elon musk has made big investments by twitter before.lar project get agreed to in a similar exchange. we can't totally discounted. i would see this as a sign of two moguls feeling confident. benioff because he just had a big win with pop c. of tesla.because know more about what the boring company is working on. we are talking about a pod vehicle that can only see 16 people. impact would a transportation system like this actually have? probably not huge because it would be pretty small. is thatn musk has said he is envisioning massive systems. these pods would be part of a much larger system that would include hyperloop trains and lots of pods and a slave to put your cars on. i don't think he has any delusions about scale. the idea would be if this became a real thing, then there would be bigger pot and popped more of them. imagineuch time do you he is spending on the boring company versus tesla and spacex? if you were a tesla investor you would hope it is low. guy who is known for multitasking. he is running tesla and spacex and has been

meeting the latest decision on rates at 2:00 p.m. >>> tesla announced its d its replacement for elon muskover immediately. this comes a month after musk was forced to step down from that position as part of a settlement with the s.e.c. >>> and comcast is developing a video streaming set-top box. this will allow customers to combine apps like netflix, youtube with a voice activated remote comcast has not decided how much it will charm for the new device >>. >>> we are following breaking news out of california police are reporting multiple fatalities after a gunman opened fire at a bar in thousand oaks that's about 40 miles west of los angeles. authorities do say the shooter is dead. hundreds of people were inside the bar at the time of the shooting the bar was hosting a college night at the time. we'll continue to follow the latest on this story and bring you more this is a developing and fluid situation, still a tragic occasion there in thousand oaks, california >>> let's check the early market action stock futures are pointing to a slightly lower open. the dow down by 30 points if these

no elon musk this time around.r] 70 percent he says that he will end up on mars at some point. they go. but that is cool. >> i cannot wait to see what it finds. that does it for us. >> thank you for joining us today and every day. "bulls & bears" starts right now. >> hi everybody, this is "bulls & bears" thank you for joining me today. i am david. today on our panel, we are going to get right to it. president trump slamming gm's decision to cut 15 percent of the salary in the workforce in north america also pretended to

elon musk tweeted a video of the underground tunnel.st two mile section of the he hopes to build a series of tunnels under los angeles for the transportation system. they say it will be used for autonomous electric skates that casp 16 peoe of up tod bohean rhapsody was top t the weekend box office. ♪ bohemian rhapsody took in an estimated $50 million in u.s. and canadian ticket sales its debut weekend. based on disney's the nut cracker and the four realms finished second, that was followed by nobody's fool. anne-marie. >> i'm going to have to see that by myself because i'm going to be tempted to sing along and annoy everyone in the theater. >> i almost wanted to sing right now and i'm like, diane, don't do that. >> thank you so much. >> thaounk. >>> still ahead, simone biles makes history at the gymnastics world championship. ahead, simone biles makes history at the gymnastics world championship. i was covered. it was awful. but i didn't give up. i kept fighting. i got clear skin with cosentyx. 3 years and counting. ifcoulke inereaenr a

who knew elon musk had another facility in buffalo?reaks and incentives to build a facility. elon musk has never been there. jason: luckily for us, austin carr takes us inside. it is a very different look and feel from what is happening out west. a story that everyone should check out, your must-read. jason: i love the profile of mark elias. he is one of the most powerful forces in the democratic party. he even earned a tweet from the president. carol: probably shaping or helping to shape what we see in 2020. you can find more stories at businessweek.com over the weekend. daily check out our podcast that is available on bloomberg.com and itunes. we talk with the president and ceo of the 9/11 the memorial and museum. along with the chairman at first data. we were live at the 9/11 summit on security. carol: we also caught up with the chief security officer at bridgewater associates. the deputy commissioner of counterterrorism in new york city we talked all things , security. jason: more bloomberg television starts right now. ♪ [ phone ri

emily: so you are not company would elon musk and a jeff bezos necessarily?no, the universe is much bigger than just our solar system. emily: if you could put your bet on one of them, who would it be? >> they are all targeting -- they all have their different objectives. elon musk is mostly focused on mars, jeff bezos is focused on the near earth orbits and moving industries there, things like that. richard branson is focused on tourism, i think. i think they're all different and the space is so big, we need more of those. emily: you started this prize with mark zuckerberg and you were an early backer of facebook. facebook is in an existential crisis right now. how optimistic are you about further growth in facebook, given its existential crisis? >> first of all i don't agree there is an existential crisis. i think it is a little bump on the road. instagram and facebook are both amazing products with more than one billion people each. you can call it an existential crisis. but i think facebook always was and is an evolving system, they have always been respon

>> let's merge >> we are basically, i'm not going to be elon musk. we have -- basically the rate, the rate -- let's try not to go off the rails, we're only four minutes in wait a little bit longer >> i wanted to ask you this all day. when i saw we were going to have you for the hour, i feel like, the housing market is becoming the elephant in the room that people analyzing other stocks and other sectors don't want to talk about but we know the construction is the biggest multiplier in the economy. and we also know that the last recession was led by, weakness in home prices i think the housing market is still good i wouldn't call it weak, but this morning, dr horton -- the biggest home builder in the company did not have anything good to say about a, demand, especially houses above $300,000 deliveries, or the problems having to do with finding labor. so they're getting hit by all sides, plus higher mortgage rates. how much longer do you think the s&p 500 will ignore what the charts in that sector are telling us, which are all of the wrong things >> th

elon musk has never been there. jason: austin carr takes us inside.ifferent look and feel them what is happening out west. carol: this is a story everyone should check out. your must-read? jason: i loved the profile of mark elias. marc elias is one of the most powerful forces in the democratic party. he even earned a tweet from the president. carol: and helping to shape what we might see in 2020. you can find more stories at businessweek.com over the weekend. jason: check out our daily businessweek podcast. this past week, we talked with the president and ceo of the 9/11 memorial and museum. we were at the memorial and museum summit on security. carol: thoughtful conversations. we also caught up with the chief security officer at bridgewater deputytes, former commissioner of counterterrorism. we talked all things security. jason: more bloomberg television starts right now. ♪ ♪ guy: bracing for brexit -- as britain prepares to leave the eu, we look at what a no deal outcome would mean for the insurance industry. planning ahead. could 2018 be a record y

paid $750 million to fund elon musk's solar factory but it looks more like an empty walmart with idle machinery and employees who feel like the stepchildren. the guy who ran moonshot project for the out of ceo has launched what he hopes to be the apple store for doctors offices. first, to the top story. tech volatility is the new normal. the selloff in momentum stocks continue with the latest slow coming from renewed concern that demand for the apple iphone has slowed. apple has seen a 20% plunge from its trillion dollar high and the other stocks are following suit. -- pitifulk picture is luke kawa. walk us through wrote -- walk us through the reversal. and centereen front focusing on tech's role and it has been playing the starring role, but one thing interesting happened during tuesday's this big reversal, shares of companies like nvidia, square, facebook, opened very much in the red. at one point in the day, nvidia was up as much as 15%. that is the kind of move that investors, when they see it, they think without a capitulation bottom. at one point on tuesday, tech stocks were lea

who knew elon musk had another facility in buffalo?me tax breaks and incentives to build a facility. elon musk has never been there. carr takes us inside. carol: this is a sure he -- story everyone shoudl check out -- should check out. elias is one of the most powerful forces in the democratic party. he even earned a tweet from the president. carol: you can find more stories at businessweek.com over the weekend. jason: and check out our podcast talk with thee president and ceo of the 9/11 the more real and museum. -- emmorial and museum. we also caught up with the chief security officer at bridgewater associates. we talked all things security. jason: more bloomberg television starts right now. ♪ ♪ emily: i'm emily chang in san francisco. this is "best of bloomberg technology." volatility is the main headline. tech is leading the way. we break down tech's role in the slum. facebook is divided, a new report of tension between zuckerberg and sandberg. how are the troops responding? almost a year ago, bitcoin hit $20,000 and it has tumbled

robyn denholm obese succeeding elon musk as the chair.omberg. ♪ david: it is time for the bottom line, where relook look at three companies worth watching today. i will talk about 21st century fox. they came up with her earnings yesterday, something of a beat. the story is really they are selling most of the company to bob iger's disney. by next year this will be done, so we will not have much to all be because it will up to bob. speaking of, i will interview him today after the bill because they are coming up with earnings. again, that will be largely about what comes next. car,ave now caught the what are you going to do with it? i'm looking at she near energy, one of the companies that can export lng in the u.s. solid earnings. commissioning corpus christi as the first strains. two terminals. the more trains you have, the more export capacity you have. they also reached a deal with poland. forr today, tune in bloomberg commodities edge. i'll be breaking down everything election as well as what happened to crude or this week. david: the

chieling a lawsuit alleging gross miss management of that election. >> take a look, elon musk postingo. the test tunnel in l.a. for the boring company breaking through literally through the other side. musk is creating this underground high-speed transportation system that will run under those busy l.a. freeways. up next, more bad news for draymond green. we'll tell what you happened tonight with the warriors. they i and ii... and for jfk )s assaaination. now -- tomorrow )s big >> it hasn't happened often. they stop for world war i, world war ii and the assassination. and tomorrow the game will be stopped for smokey air. >> the spar tans host nevada at noon in san jose. the warriors tonight, draymond green is out, he will not play tomorrow night in dallas because of a toe injury. that suspension and verb al altercation with durant. >> that game for the sharks. players hosted kids fighting cancer. for the kids, ittalnd do somethg fun. >> been a little more relaxed than my usual night. >> i don't get to hang out with the hockey players too much. this is one of the times can i do it. >>

she certainly doesn't have the public profile of elon musk. she is 55.as long history in the business world in the u.s. and australia. she has worked at juniper networks, toyota arthur anderson and others. andcertainly has the cv business credentials investors were looking for. my colleagues in the states have talked to former colleagues and managers, and they say she is fearless, smart, tough-minded, rational, and not a pushover. it will be interesting to see how she manages this job. investors were looking for someone to rein in and harness elon musk for shareholder interests. david: we have established her credentials. that doesn't necessarily mean she is the solution to this specific problem. that is probably a fair observation. theis the solution to problem the sec identified. her appointment is a response to that. they want to separate his roles. there are investors looking for an outside person to come in and try to get a grip on elon musk. there are those who were surprised by her appointment. she is effectively and in decided. she is an independ

when scdz on twitter what's the correct number of hour it is in a -- week to work to change world elon muskonded, vary per person but peaking above 100 at times feign level increased exponentially above 80 tesla take note and musk tweeted there are way easier places to work but nobody ever changed the world on 40 hour a week. but in an interview with over the weekend musk had a very different tune. listen. >> 22 hours a day how many to answer? 7 days week -- sleeping on a train -- worked in the shop, body shop, ever worry with about yourself imploding too much? >> absolutely. nobody should put this many hours into work. not good. >> interesting. tesla as a previously been accused of pushing its factory works to keep up with the production schedule. he seems like he have regretted working too much hear dictionary.com is out with word of 201. dictionary.com has chosen its 2018 word of the year chosen word misinformation. according to the site it is defined as, quote, false information that is spread regardless of whether there is intent to mislead. dictionary.com directly mentioned president

he said i'm not joking. >> elon musk. >> interesting guy. >> let me switch gears for a moment if i can ally that is apparently ready to challenge the president on the khashoggi assassination. what are you hearing about that? >> so this is fascinating and the white house clearly was hoping that the saudi killing was going to go away, would fall out of the headlines. not going to happen. jonathan swan for sneak peek talked to senator lindsey graham who as we've seen repeatedly on the show, one of the president's closest allies and lindsey graham said that he and other senators are going to push for a hearing this week to find out if it's really true that the cia says that they have high confidence that this was ordered by the crown prince and that the saudis were indeed -- did premed tate the death. he says if it turns out that as the media has reported the cia has high confidence in this, he will push for sanctions on the saudis. he said we can't be an ally, can't do business with someone if they are this crazy. so this is a notable shift from the president by one of his biggest backers

this is an elon musk that says he is recalibrated >> he was calmer i have known him 20 years.back to the way i have known him. i think working 120 hours a week and stuff like that, he shouldn't have done that first of all, that's not good. you saw that line, tesla cannot diane it almost died that's how he thinks about it. almost a religious point of view toward the company he feels that tesla becoming an important company is important to the fate of the human race, that's what he is saying because of climate change and everything else and he is kind of right, the things he is taking on, space, transportation, they're big topics you know, he seemed like he's got it back together but you never know with elon and he is not going to stop tweeting, looks like, we talked about that he has the boring company and the space thing, a boat in the ocean that catches nose cones. hasn't caught one yet with a giant net. has a lot of ambition. >> knowing him like you do, what surprised you? >> i like that he pushed back at me, he is very funny the dad jokes were a surprise. hnlt heard dad jok

and doj don't have an e-mail from elon musk or somebody that proves that they are all lying.what i'm saying? i don't know that. i can just tell you that right now, that's the feeling on the part of the tesla people, that they haven't really received a subpoena from doj yet on the projections, model 3 projections. the s.e.c. hasn't subpoenaed them but again, they don't believe they have reached a bar. now, that doesn't mean they won't. again, i can't predict the future. i'm just telling you what they are telling other lawyers. we should point out tesla has retained bradly bondi on this s.e.c./doj matter. so this is a guy that worked on the s.e.c. case on funding secured. he's been retained on this other thing, the second part of it, as well. liz: does it cut him any breaks that he now says, and it looks like he will be able to deliver on this, that anybody who puts in an order for the model 3 now will get a delivery of it by the end of the year and he's looking to get to about 7,000 per week. if he delivers on that -- >> remember what you have to show with these projections, l

. >>> and elon musk's plans. opening up about his company, how close it came to shutting down, and where he'd like to live, even if it kills him to get there. >> and we're watching this storm developing offshore. so how long before that rain comes inland to places like san francisco? i'll have a closer look at that in our forecast when we come right back. elon musk opens up as car company almost collapsed. in an interview that aired on hbo tonight - the tesla founder said his company was "bleeding >>> elon musk is opening up about how his car company almost clasped. he said the company was bleeding money like crazy as it worked through the model 3 production ranch are-up in the spring and the summer, revealing that it almost died before meeting its model 3 production goals. whew. musk, who also founded spacex says there is a 70% chance he will personally use a spacex rocket to fly to mars, even though there is a good chance he could die doing it. keep in mind his company has yet to launch a manned space flight. >

the bottom line is the behavior of elon musk may signal even bigger concerns. has more than $6.8 billion in nasa contracts. >>> gap can close hundreds of underperforming stores. the company reported a drop of about 7% in sales in the last quarter. yesterday the ceo says it's putting those stores that do not fit the future vision on the chopping block. they believe it will boost the other stores which include old navy and banana republic. >>> a group of ladies are waking up feeling like 1 million bucks. >> i feel like i'm in a fairytale. i feel like a princess. >> the 49ers surprised a group of women who struggle with homelessness or addiction a day of being pampered. and after that, a thanksgiving dinner. >> it's a great opportunity for everybody to come together and experience joy. >> having them come to our home and share a meal is awesome. >> i don't have enough words to express the gratitude. i did not even know they would all be here. >> the ladies in the program say they will try to pass on some of the joy they felt last night to other people during the h

was this a bank or an elon musk thing? brooke: more elon musk thing.concern about the risk. lenders are responding to comments from the federal reserve, saying these covenants are too light. too much risk. this could be a problem. tocex wanted the ability freely continue to raise additional debt. first time issuer, goldman sort of balked. they said we are not interested. it is interesting that it is bank of america stepping up. they have been backing away from riskier parts of the lending market. alix: i was going to channel, david. take risks! vincent: she makes a perfect point. space, no a intended,, -- no pun this is where goldman loves to be. you talk about the covenants, if they are tight, it is a great risk they could get tripped and loans become an issue down the road, especially investment-grade space, especially with the fed on a go forward rate hike cycle. goldman, the better approach, maybe they're going out on a limb. alix: i do not know what to make of that. thanks very much. vincent: [laughter] brooke: it is friday. alix: i will see you l

you have elon musk building loop underground and all of that.e the idea of long, underground or above ground transportation, but in cities we have so much space we can reallocate away from single occupancy automobiles into more efficient modes. alex: you perfectly opened the door for me. the exchange we saw earlier on benioff off of elon musk's tweet. benioff tweeted at elon musk asking if his boring company could do that. is that a reality? do we see that in the next couple years? gabe: i'm supportive of the private sector jumping in and utilizing technology particularly to make government's life easier and citizens when it is in partnership with governments. when you think about tunneling underground or high-speed rails above ground, i'm agnostic. anything we can get funding for, i'm fine with it. when it comes from one to 10 miles, we have such an efficiency when it comes to using our existing ground transportation system with single occupancy cars everywhere. i think elon and the market should know that with autonomous vehicles, autonomous c

keeping elon musk in mine.as been good at getting a good quality product developed, but the manufacturing side of things seems to be a weakness. they have scraped through on meeting that reduction goal. they have got to meet the production goals in the years to come. they have a whole series because they promised needs to be put into production. it is going to be hard to make sure he does not carry away -- get carried away with side projects. tom: thank you. greatly appreciate it. a new chairman may be a new tesla. migrate to the great debate i alluded to before, which is dollar and strength. what is the core dynamic of any currency pair's is at the dollar strength or the other guy? >> it is as much dollar strength as anything else. if you look at the moves we have seen recently, eurodollar low is the same as the dollar u.n.. i can find domestic reasons for each of those terms. you had weakness. the common factor is the dollar. the common driver is the fiscal easing may boost the budget deficit overtime but for

as for elon musk, this is part of the agreement he made with the s.e.c. as tesla made with the s.e.c. that he would give up the chairmanship role for at least the next three years. he says that he is excited about the possibility in looking forward to working with robyn. you can be sure he factored into this decision in terms of her being picked to be the new chairman or chairwoman at tesla. shares over the last three months, what's interesting is though the stock is trading at 351, for a brief moment it was at 357 it was at 367 -- 356.77, when elon musk put out his private tweet. for a moment, it was back up to that level today they still need two more independent directors. back to you. >> phil, thank you very much speaking of tesla, do not miss investor ron baron tomorrow morning. he's one of tesla's biggest bulls saying it could be a trillion dollar company. >> with a t. >> apple sized by 2030 >> all right >>> to the bond market rick santelli tracking the action from the floor of the cme group out there. rick >> everybody excited about 20 minutes, we'

benoff responded asking elon musk if he could build something similar in the bay area. musk responded with sure, we can do it. no further comments. >>> giants mascot lucille breaking the ice for the holiday ice rink. the opening ceremony included a skating demonstration. i think that's brian boytano, a fan of the annual tradition. >> everybody loves coming here to celebrate the holiday season. they like going shopping and skating, they like seeing the tree. it's turned into an iconic post. >> it's a great spot, even though it's 80 degrees outside it foleels like. open through january 21st. we need to get out there and skate with brian. >> i'm totally getting out there. i'm doing my hamel camel for brian. >> i actually can't do it. sort of a modified hammel camel. . i do a version. >> i got to see it. >>> it's going to feel like florida outside if you're going to the skating rink the next couple of days. plus, details on this red flag fire warning that's gripping a lot of northern california. >>> she is the first oakland mayor to get a second term since jerry brown. what'

tonight we're learning some bhoets are already getting de parking their vessels offshore. >> elon musk could be drilling a new und, this time in the bay area. it all started with tway twitter exchange between musk and salesfor salesforce bineoff. musk responded with a simple, sure, we can do it. but don't get too excited, people. the tweet isn't exactly an official announcement. >> can he start at the 101 at the peninsula? >> that would be good. >> then the 880. >> we're back in a moment with a last look at the red-flag warning. stay with us. i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. dollars in donations for the north bay fire victims. >>> tonight at 6:00, where did the money go? we tracked down the millions of dollars in donations for north bay fire victims. that store and i more in our kgo san francisco newscast. >> before we go, jef

lauren: tesla has new chairman robin to replace elon musk who stepped down as part of security's exchangeommission, tesla had to announce new chair which found that musk tweets back in august about taking his company private that those tweets were fraudulent, those statements were fraud, served on tesla's board since 2017. cheryl: look forward working together, taking a look at shares of tesla, stock is actually barely, barely fractionally low ne premarket. lauren: normal tweet coming from elon musk, congratulations there . investors will watch rate hike meeting and additional increases they they foresee and predict for 2019. the fed has been gradually raising rates from preventing economy from overheating and control inflation, we would have the federal reserve's announcement for you 2:00 o'clock eastern time. cheryl: also today latest earnings earnings from wallet disney, after the bell today, earnings for shares expect today jump nearly 25% from a year ago with revenue rising and expectation 7% and investors also looking for any additional comments from disney following its deal to acq

with rockets to mars and mark secker berg keeps saying elon musk is hysterical.implies he wants to soak up more information. to get the kill switch for the killer robots. [laughter] if it only makes its money through behavior modification so intrinsically what elon musk does provide zuckerberg does that fundamental businesses to screw up the world so my first round of sympathy but on the other hand, in my view it is incorrect so here is how i see it this is a whole long story it's in all my books in some form or another but the machine intelligence to create this new life. and i was thinking actually but there is a whole fantasy about it. the problem is if you say here is a machine i am making it then i can measure how well it accomplishes it that i accept that reality that i can make it better. that is engineering. i believe this is alive. that is not well-defined. and they showed us that. it is subjective and based on judgment. you no longer could be an engineer at this point. with a religious ritual practitioner you have no basis why is it alive? because i fee

. >> everyone has seen elon musk's spacex landing rockets on floating barges in the ocean.w sort of premium on being able to show people what you're doing. >> reporter: tim firhalts is author of rocket billionaire. he said the showmanship we've seen doesn't just create competition for nasa. remember if you're spacex nasa is also your biggest customer. >> now nasa has a competitor and a partner in its own backyard and it's been collaborative friction and i think the catalyst for new things. >> reporter: so not so much public versus private, more of a partnership with competitive aspirations. >> i think everyone at nasa knows that if they don't plan a mission to mars or build a huge space station, elon musk will. >> reporter: but while technology is moving ahead very quickly it does not mean it will necessarily meet our expectations. >> people imagined in the 1980s we'd be flying 100 space shuttles every year and have a moon base. >> reporter: the future is kind of hard to pin down like the people who drew up these scenes would have been blown away by these smartphones that b

. >>> some eye-opening comments from elon musk during an interview with axios which aired last nighthe tesla ceo said the automaker came awfully close to collapsing take a listen. >> tesla faced a severe threat of death due to the model 3 construction ramp. essentially the company was bleeding money like crazy and just if we didn't solve these problems in a short period of time we would die. it was extremely difficult to solve them. >> how close to death did you come >> we got within single-digit weeks. >> covered all kinds of topics, ai merging with machines even reiterate wed might be in a simulation. >> i remember when he called me a simulation -- no he said it was a 50% chance i was a simulation i listen to that interview and i say to myself; what was he saying publicly during that period about how great things were this guy is supposed to be -- there is an s.e.c. they can look at what he was saying and tweeting versus what he said. there is -- you're noting there's an s.e.c., right >> there is an s.e.c they brought an action they settled the action. they have a new chairperson w

you know, elon musk, who runs tesla, elon musk has a brother named kimbal musk, which also happens to be the name of a new cologne i'm marketing and kimbal paid a visit to the fox business channel this morning where he gave the hosts of the show a lot less than i guess he bargained for. >> thank you for having me here. i'm so excited about plant a seed day. >> hold on, hold on, i know you want to get to plant a seed day, i understand entirely, kimbal. look, you are on the board at tesla and you've got a new chair, okay? have you heard anything from her? is she laying down the law? >> i am so happy for the future of tesla. on march 20, 2019, we're going to do a plant a seed day. we're going to get a thousand families. >> oh, come on. i don't need to know you're very happy about the future of tesla. i want to know what your new chair is doing at tesla on the board. >> what i'd like to share is i am so happy about the future of tesla and plant a seed day will be a way for companies across america to participate. >> oh, come on. look, you think my viewers want to learn about plant a seed

an interesting tweet from elon musk is next. i am a family man. i am a techie dad.ve the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow to learn more. >>> elon musk could be drilling a new underground this all started with a twitter exchange between musk and salesforce billionaire mark benioff. musk tweeted this video of his new tunnel down in l.a., his company down there. benioff responded asking if he could build something similar to help fix bay area traffic. musk responded with a simple "yeah, sure, we can do that."

and when you have big news to the stock, this just causes a distraction. >> that was tesla ceo elon musk talking in a podcast released this morning .shares of the electric auto maker have been on a rollerer coaster but the stock is up 15% in a month. tesla shares also briefly broke above the 347 level where it was before musk's infamous funding secure tweet back in august. will it be a mooting road ahead now for tesla in he did sound like a grownup. >> he did sound a little bit i mean the rebound in the stock is that musk is still there. the worst thing for it is that he couldn't be the ceo or couldn't drive the bus on this that's why the stock is up i don't think it's necessarily very smooth sailing. >> and the quarter was huge. >> it was big. >> on the podcast did he say he didn't think. >> they think they're profitable every quarter from now on they do not need to raise money. >> right. >> they don't need money. >> if that's the case that's big. >> the irony for me is that statement is extraordinary and if accurate -- i'm not going to say if true. -- nord if if this truly happens. the

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