implemented in 201829004 billions of dollars and that old saw him pick parts that test the needs from china tesla saying those parts are actually the brain for the tesla computer i'm standing by the way here in front of the tesla store in manhattan so tesla ones 1st of all that those tariffs should be avoided and then 2nd they also want to get reimbursed for the tariffs they've already paid so far. interest so realistic that is that test is going to change the mind of the u.s. administration remains to be seen but one thing also want to point to dollars was the better a day is that the profitability of chest is not necessarily crazy so they need the money they need to save money and sold this might be $1.00 reason or one try to bring costs down. and quite a at the tesla store in manhattan thanks so much now to some of the other global business stories making news. nike is taking a victory lap after its stock surged 9.7 percent in weapons during trading the sportswear giant says they've rise in online shopping help to offset falling sales in brick and mortar stores. u.s. banking giant j.p. morgan

we are very happy that tesla came china because tesla is like apple in the early days.ate the whole market. before tesla came, china used electric vehicles for many years. when you ask them, they said they are poorly designed, poorly engineered, poor quality. aty only bought them because that time you still got a high subsidy from the government. to china started educating the market, just like apple. i think we will become one of those p mobile phone players. they are in the mainstream market. they are the company who saw the most benefit from this apple thing. declined market shares because the major market players became so strong. we believe we are one of those mainstream market players. tom: that was the founder and chairman of wn motors talking about his view on increasing 2021 by more than 10% in and talking about the tesla effect. haidi: in terms of the tesla is that shared across the industry by other players as well? >> broadly. you heard him say we welcome tesla's entry into the market. you can now produce high-quality, high-performance electric vehicles. he

implemented in 201829004 billions of dollars and it also impacts parts that test the needs from china tesla saying those parts are actually the brain for the tesla computer i'm standing by the way here in front of the tesla store in manhattan so tesla ones 1st of all that those tariffs should be avoided and then 2nd they also want to get reimbursed for the tariffs they've already paid so far. interest so realistic that is that test the is going to change the mind of the u.s. administration remains to be seen but one thing also what jimmy law in moscow pointed out was the better a day is that the profitability of tesla is not necessarily crazy so they need the money they need to save money and sold this might be $1.00 reason or one try to bring costs down. and quite a appetite as a store in manhattan thanks so much. now to some of the other global business stories making news. nikkei is taking a victory lap after its stock surge 9.7 percent in whedon's day trading the sportswear giants as they've rise in online shopping helped to offset falling sales in brick and mortar stores. u.s. banking

china trade war and we are seeing these major carmakers fighting back in some respects. they have sued the trump administration because of those import taxes imposed on chinese parts, companies like teslaemember that as a result of the us—china trade war over the last 18 months or so, there has been these tit—for—tat tariffs on each other‘s goods and the tensions between the two sides have really become a big problem for companies because they have had to navigate how to get around selling their products or getting products from each of these countries. the lawsuits were filed by these carmakers in the last couple of days in new york and in its filing, mercedes—benz said that washington, it accused washington of prosecution of an unprecedented, unbounded, unlimited trade while impacting over $500 billion worth of imports from china. tesla, very much the same sort of thing, thing the tariffs were arbitrary and an abuse of discretion and in fact the founder of tesla, elon musk, says he wants the tariffs cancel, along with a refund. so you are releasing a corporate pushback on the us—china trade warand in pushback on the us—china trade war and in particular against the trump administratio

rishaad: stephen engle joining us for the latest on tiktok and also the next five-year plan in china. tesla'sild a $25,000 car and its push into china are not worrying its biggest rivals on the mainland. tesla is helping to accelerate the popularity of electric vehicles which benefits all the players. -- obviously -- he sees strong growth ahead. >> the first half, clearly, is impacted by the pandemic, especially in the months of february and march. the second half will be a lot stronger than the first half in china. the goldened to season of auto sales in the of september, october, and november. we have a strong momentum. you prioritizing in terms of the business strategy post ipo? brian: we will continue our investment into our r&d efforts. we expect to launch our next pilot and that is something that we are excited to watch. areas ofvesting into china development. those are things that are an exciting development to watch as well. tom: how much runway does that give you? brian: we have abundant capital for our current business plan. funding, we can be a little bit more forward leaning. our

china. how much of a challenge is tesla now?nk auto products aren't only about cars, but more importantly serving customers well. for family, the car isn't a small expense like loads. it is -- clothes. it is a big expense like safety. like all automakers, undertaking rapid expansion. lius: that was william speaking to bloomberg at the beijing auto show. first word news, laura wright in london hq. laura: globally, the confirmed number of coronavirus debts has hit one million but health experts are warning the real death toll could be twice as many. developed and emerging economies are struggling to contain the pandemic last 10 months after it first emerged. the world bank is warning of a class of new poor expected to be living in poverty. the u.s. is considering fresh sanctions on iran. sources tell bloomberg it may target more than a dozen banks and label the entire finance industry off-limits. the move would effectively -- iran has already been crushed by the loss of oil sales thanks to american restrictions. house speaker nanc

tesla plans to ship cars made at its factory in shanghai to other markets in asia and europe. bloomberg learned that chinalt tesla model threes intent for delivery outside the country, likely starting production in the last quarter. islionaire patrick draw he trying to end five years of share volatility in europe. he announces to take the french telecom company he founded private. premium overd 24% thursday's closing price. but it is still far below its recent peak. he already owns a third of the company. and the ceo of mining giant rio tinto is stepping down. jean-sebastian jacques has been under pressure over the country's destruction of aboriginal heritage sites in australia. inquirys criticized an by rio tinto's board. checke will do a data right now with a lift off the markets off a tough close yesterday. and there is a mid-tendency to the level. 27,739. and the vic's slides into a less volatile space, that and the slides- and the vix in. i'm going to call it quiet. 31.42 dollar stasis as well. my going to let francine talk about sterling because it drifts away ever weaker. brexit talks are fraying,

china. how much of a challenge is tesla now?auto products are not only about cars but more importantly, serving customers well. for families, a car is not a small expense. it is big spending and closely related to safety. we pay a lot of attention to quality and safety. factor in a big seeking rapid expansion. shery: william li speaking to tom mackenzie at the beijing auto show. don't miss her interview with the founder and ceo of travel experience platform, the taipei-based startup just raised to $75 million in series c funding during one of the worst times for global tourism. that is at 1:30 p.m. you can watch in sydney, 11:30 a.m. in hong kong. here's a quick check of the latest business flash headlines. house let makers planning legislation to reform air craft manufacturing. measures released in washington would tighten the faa's control of boeing and other companies and their ability to let employees sign off on plane designs. they would also require an expert panel to review boeing. the bill is backed by both sides of the

tesla plans to ship cars made at its factory in shanghai to other markets in asia and europe. bloomberg has learned that china built tesla model threes intended for delivery outside the country will likely start mass production in the fourth quarter. targeted markets include singapore, australia, new zealand, and europe. president trump and joe biden will mark the 19th anniversary of the 9/11 attacks in the same place, but not at the same time. the president will attend a memorial service near shanks folk, pennsylvania, where one of -- near shanksville, peddling you, where one of the -- shanksville, pennsylvania, where one of the airplanes crashed. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> by relying excessively on monetary policy, those low andrests are fueling skewing the stock market bubble that really benefits the upper 1%. jonathan: professor joseph laureate,here, nobel alluding to some of the policy options deployed in the last couple of months. let's get you the

, which would, in fact, apply to a tesla vehicle built in china that were to ever happen they are saying that that tariff should be invalidated that's the gist of the lawsuit here but we should point out, carl, right now tesla does not import vehicles from china. so it raises the question is this now in the offing because you wouldn't file a lawsuit if you didn't have plans to be importing vehicles from china. and as it is right now, they're ramping up their production at the plant in shanghai to supply the china market there's enough demand right there for that but this lawsuit brings up the question, do theyed a some point plan to import vehicles from china here to the united states? >> right although chinese manufacturing base increasingly, phil, is being talked about as an export site, whether it's to the u.s. or germany or other countries, right? >> a possibility i mean, the idea is that the gig factory in berlin will take care of germany and also take of european vehicles and yesterday elon musk said during battery day you want to have a man

china. how much of a challenge is tesla now?ink auto products are not only about cars but more importantly serving customers well. families, the car is big spending and it is closely related to safety, so we spend a lot of attention on service and quality, which i believe should be the big challenge for all automakers undertaking rapid expansion. chairman that was the and chief executive, william lee. donald trump and joe biden face-off in a debate tonight. this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i'm francine lacqua, here in london. thes five weeks to election, and today president donald trump and joe biden square off today for 90 minutes in the first debate. it occurs in the swing state of ohio, and his first debate could be the most important. joining us now is kat hunter from our politics team. how big given issue are his taxes likely to be tonight? : i think we know certainly that the tax issue has split it onto the scene in the last 48 hours, and gives an advantage to j

bloomberg's learned that china build tesla model 3's intended for delivery outside the country will likelytart mass construction in the fourth quarter. in sports, the nfl season got under way last night. patrick mahomes passed for three touchdowns to lead the super bowl champions kansas city chiefs to a 34-20 victory over the houston oilers. attendance was limited and the 16,000 people aloud in the stadium that seats 76,000. that is your latest business flash. alix: thanks so much. among the nfl season debut and show of unity among the players for race equality, michael barr co-hosted business sports from bloomberg radio joins us now. who were you going to be rooting for on sunday? >> i guess the detroit lions. i don't know. maybe. alix: i'm confused. maybe you are going with the bears? hard to say. for avid nfl watchers, this is a big deal kicking off last night. what they are talking about today is the booing, not the game. what happened? >> before the game started, the anthem played, and the -- some players came out in unity. out on the field. the houston texans, they said in the locker

continues to be a massive demand i look into what is happening in the market, you know, especially in china, teslaat was the low from today and from yesterday just broke below that. so potentially a key level according to a technical analyst at miller payback. but clearly 405 is a big one mish mike it shows there is momentum coming out of apple, tesla and zoom which we saw yesterday a little early and then saw it today as well. what is the valuation case right now for a name like tesla? everyone said it doesn't matter until it does when it starts selling off. and then you realize a lot is momentum. >> there isn't -- i mean, there is not a near term valuation case that you point to a specific level it's about big picture, how huge can the market get and what role will tesla have right now it's becoming -- it's an unwind of, you know, clear overshoot in the stock it doesn't mean that couldn' have gone higher it takes even more incremental energy on the buy side to get a stock to continue to go up at that kind of an angle. tesla had many of the sharp peaks on the chart over the years. and, yes, it's

china. how much of a challenge is tesla now? only about cars, but more about serving customers well. it is big spending for families and it is closely related to safety, so we pay a lot of attention to service and quality which i believe will be the biggest challenge for all automakers undertaking rapid expansion. matt: that was the chairman and speakingo, william li, exclusively with tom mackenzie from the beijing autoshow. haze.g up, a glacial forill take 200 years female executives to reach parity with male counterparts. we will look at that research next. this is bloomberg. ♪ anna: welcome back to the european market open. european equity markets are down. u.s. futures have been worsening. let's talk about e quality. it will take two centuries for female fund managers to gain parity with their male counterparts. that is according to research. dani burger joins us with more on this. is gender diversity within money-management industry, is that improving at all? dani: it is improving, but barely, moving at such a slow pace. 11

there was another chinese ipo that went public about a week ago, this is china's answer to tesla, an trading in the united states. there's a lot of movement here to stop chinese companies from getting away with not reporting their true accounting. senator kennedy's bill. i want to talk to you about whether or not the united states is in fact funding china with its open door policy for capital markets, even if many of those companies may be working with the chinese military to create weaponry that who knows at some point could be used against the american military. >> well, the answer, maria, sadly is yes with a big exclamation point to it and this president, president trump, has been taking very strong action in terms of sanctioning chinese companies that are involved in things like the concentration camps or abuses in hong kong or you huawei trying to steal effectively our information and infiltrate our networks. so financial sanctions, visa sanctions have been very effective so far. but you point out what is the other problem here, which is the continued flow of capital from the un

tesla is suing to block the trump administration's tariffs on imports from china. s stuff that tesla made in china and brings to the united states face tariffs and they're trying to block that from happening. we'll keep you updated on it. tesla's stock which of course is a roller coaster day-to-day is down significantly. look at this stock. talk about a 36% gain on a down day in the market this is software company bentley systems. it began trading today after launching their ipo, that is ceo greg bentley. people would expect it. but you're not hurt. 35, 34% gain probably helped your stoke quite a bit? >> we're gratified to accomplish this milestone. i say what we do is advancing infrastructure where the leader in the world, infrastructure engineering software. so our colleagues are all over the world but they all know that i ipo on the nasdaq, proud to work for an american company. it is not an end to itself but a means to reward our colleagues, they earned a third of the company ownership through stock options over time. david: for those who don't know this, is a v

tesla is the autonomous opportunity. it was mentioned a few times on the call last night. china is one of the largest markets for economist driving. orthink that is -- f autonomous driving. i think it is crucial tesla has the stronghold there. emily: they said they would have a full self-driving beta product out soon. tesla is one of your firm's biggest holdings. what do you think the biggest challenges are in terms of meeting your expectations? what are you going to be watching? what could the catch be? tasha: i certainly think this goal -- so yes, tesla is our top proposition. the goal of reaching fully autonomous driving, completing that is still really aggressive because no one has ever done that yet. right now something hard to imagine happening -- we have not seen it yet. waymo, google's project, has gotten close, but they had issues commercializing and scaling. that is not to be overlooked. we are talking about stretch goals for tesla. they are pulling off something incredibly difficult. when we look at our valuations for tesla, we only assign a 30% probability to that ha

shery: and we have heard tesla planning to make a $25,000 model in the next three years. how to its rivals in chinaabout that? tom: this was a big part of the conversation. because there is an assumption among some analysts that if you're going to be producing as it tesla at 25,000 on model, where you going to do that? potentially in china where labor costs are slightly lower and they have their factory in shanghai. so that was part of the conversation amongst executives. we also heard from elon musk he plans at some point to aim for a million units a year to be produced out of china. what does that mean for the competition here? that was the key discussion point. the executives we spoke to again, pointed to what they said was the education process that tesla is helping to create here in china, to move people away from gasoline powered vehicles, towards electric vehicles, and building out the supply chains as well. so, generally very positive about tesla's footprint in the chinese market. but longer-term, possibly in the next 5-10 years, some of the small startups say they would be, they hope, snap

tesla's plans to build a $25,000 car and its push into china are not wearing its biggest rivals on theet. ng motor say tesla is helping grow the popularity of electric vehicles which benefits all many factors. they told tom mackenzie they see strong growth ahead. >> the first half clearly impacted by the pandemic, especially fiber and march -- especially february and march given that china is still down and everything so i think that last half stronger than the first half in china. and we are heading to the golden season of auto sales, september, october and november. i think we have a strong momentum we expect for the business. tom: what are you prioritizing in the next 12 months for post-ipo? >> investments into r&d efforts. we expect to launch our xpilot 3.0 in the next few months. we are excited to watch. we are also investing into areas of brand and internal development as well as billing out are supercharging network -- building out. tom: and it was a successful ipo, how much runway does that give you? >> we have abundant capital for our current business plan. be more for leaning

and tesla import some parts for its cars and while some of them had been granteded a waiver they've now been slapped with a 25% tariff. as part of the us china trade war. the lawsuit has been filed in the new york based court of international trade. tesla is asking for the tariffs to be overturned and for the money it's paid rereimbursed. separatelyy tesla shares closedd down 10% today after its announcements off a chcheaper electrtric car and a w generation of electric batteries. underwhelmed investors. well that contributed to another tech driven sell off on wall street. the dow jones shedding some five hundred and fifty points at the close down nearly 2% yes b. five hundred a back in the red down well over two percent. the nasdaq down nearly three shares of the major tech giants are down around 10% each for september so far. nike was one of the rare stocks to close higher it gained around 9% to hit a record high. as it reported an 82% jump in online sales. earlier the major european indices closed higher- the fifty one hundred of over 1% in london the checkout about two thirds here in paris. the french government has announced plans to do

and tesla showed off its model 3 production centre in china.ronavirus, and now a new device from lg comes with air purifying tech as well. the puricare mask feeds filtered air to the wearer and uses sensors to adapt fan speeds to help make breathing feel more normal. spot the four—legged robot has been deployed to take patients' vitals in the us hospital. the boston dynamics machine carries a tablet so doctors can ask patients questions. four cameras measure skin temperature, breathing, pulse rate and blood oxygen levels from up to two metres away. artificially intelligent cctv cameras are being rolled out to detect violence on sydney's rail network. it's part of an intiative to improve safety for women travelling on public transport at night. and finally, with some galleries struggling to reopen, how about this entirely virtual art museum? voma, the virtual 0nline museum of art, claims to be the first completely imagined gallery to showcase art loaned from world—leading institutions. find art on display, a cafe for catching up and even a garde

china's technologies control, exports control for the deal. jodi schneider, our senior international editor. let's get to the business flash headlines. teslas suing to block the trump administration from collecting tariffs on parts the company imports from china. the court of international trade in new york declared a duty of unlawful and demanded a refund with interest on payments made so far. the u.s. trade representative is named as a defendant in the case. we work is selling a majority stake in its china operation as it continues to tear back expenses. the existing investor has been there and has put in an extra $200 million for more than half of the business. co is giving up operating control but will receive an annual service fee for its brand and services. malaysia airline is seeking to defer interest that it tries to mitigate the impact of a coronavirus pandemic. they are said to be in discussion with banks and leasing companies about deferring an estimated $240 million in payments. trying toirlines was turn this around before covid-19 devastated the global airline industry. fromcoming up, we hear aberdeen standards investor about

most were postmarked from china the agricultural department, are investigating. >>> still ahead, copying teslaa duplicate of tesla's cyber truck hits the road. we'll tell you who created it.r. we'll tell you who created it. it's my 4:10 no-excuses-on- game-day migraine medicine. it's ubrelvy. for anytime, anywhere migraine strikes without worrying if it's too late, or where i am. one dose of ubrelvy works fast. it can quickly stop my migraine in its tracks within two hours, relieving pain and debilitating symptoms. do not take with strong cyp3a4 inhibitors. most common side effects were nausea and tiredness. migraine hits hard. hit back with ubrelvy. the anytime, anywhere migraine medicine. hit back with ubrelvy. mucinex cold & flu all-in-one. fights... oh no. no-no-no. did you really need the caps lock? ♪ ♪ ♪ ♪ ♪ ♪ untry.co ♪ >>> this may look like tesla's new cyber truck, but it is not. a team in bosnia created this awesome replica reportedly for a fan of tesla and ford trucks.hs take apart a ford raptor truck and transform it into this gas-powered vehicle. not only is the outside is a dead

tesla is using the u.s. government and robert lighthizer over trump admin strir terrif on goods imported from china. a range of items including raw materials and electric components volvo, ford and mercedes have filed similar complaints we did see a drop yesterday in tesla shares about 10% and in frankfurt listed shares about 5% >>> coming up, protests ring out in the u.s. after a kentucky jury bring no charges in the death of black medical worker breonna taylor ♪ ♪ ♪ ♪ the big events are back. xfinity is your home for the return of live sports. >>> protests broke out across the u.s. after a kentucky grand jury brought no charges against three police officers over the shooting of black medical worker breonna taylor two officers were shot and wounded overnight. the shooting has prompted demonstrations across the state and country for over 190 days. >> reporter: anger spilling into the streets of louisville. >> i don't have words. it's crazy >> two louisville officers hit by gun fire as protesters clash with the police and national guard. >> as they were deploying to investigate what was going on at fi

and tesla showed off its model 3 production centre in china.coronavirus, and now a new device from lg comes with air—purifying tech as well. the puricare mask feeds filtered air to the wearer and uses sensors to adapt fan speeds to help make breathing feel more normal. spot the four—legged robot has been deployed to take patients‘ vitals in a us hospital. the boston dynamics machine carries a tablet so doctors can ask patients questions. four cameras measure skin temperature, breathing, pulse rate and blood oxygen levels from up to two metres away. artificially intelligent cctv cameras are being rolled out to detect violence on sydney's rail network. it's part of an initiative to improve safety for women travelling on public transport at night. and finally, with some galleries struggling to reopen, how about this entirely virtual art museum? voma, the virtual 0nline museum of art, claims to be the first completely imagined gallery to showcase art loaned from world—leading institutions. find art on display, a cafe for catching up and even a gard

and tesla showed off each model three production centre in china.ad of coronavirus and now a new device from lg comes with air purifying tech as well. the mask feeds filtered air to the wearer and uses sensors to adapt fan speeds to help make breathing feel more normal. spot, the four legged robot has been deployed to take patient split‘ vitals in the us hospital. the boston dynamics machine carries a tablet so doctors can ask patients questions. four cameras as a skin temperature, breathing, pulse rate and blood oxygen levels from up to two metres away. artificially intelligent cctv cameras are being rolled out to detect if on sydney‘s rail network to improve safety for women travelling on public transport at night. and finally come up with some galleries struggling to reopen, how about this entirely virtual art museum? foma, claims to be the first gallery virtually loan from institutions. find a gallery, cafe to catch up on even a garden for some tranquillity. this is samsung‘s third attempt ata this is samsung‘s third attempt at a folding phone a

china. they do have that commitment and they are pushing a little bit harder on getting ev's on the road faster, but another part of tesla'sement and another part of automakers strategy over time is to build where you are selling as much as possible. it is not a story of something going to china and building in china. it's also about increasing manufacturing in europe and in the united states. you want to try and close that gap between where you build the vehicle and where you are going to sell it. as part of the process. china remains important from a production standpoint but it is not the only place they are going to build. that is not the only environment they are looking at. haidi: appreciate your time with us, stephanie brinley. nike soaring in extended trade after reporting a strong quarter and crushing estimates in china. recovery playing a big part in the turnaround. we will get the details, next. this is bloomberg. ♪ shery: japan reopens today after a two day holiday. take a look at futures right now under pressure, .8%. this gtv chart on the terminal showing japan could be playing catch-up. risk off sentiment ar

china and hong kong. the top story today, stocks across the region down along with u.s. futures after the tech selloff led by tesla

manufacturers are seeing a surge in interest from investors who are searching for the next tesla expat and li alto from chinaboth going public in the u.s. this year. despite pandemic restrictions beijing's halls are packed many executives like toyota c.e.o. akio toyoda prefer instead to join by video link. there is no crisis the human kind cannot overcome we will do everything possible in order so that we can overcome the coronavirus crisis together. china is the only major auto market that has recovered quickly from the recent kovan $1000.00 crash the country's auto sales rose almost 12 percent in august compared to a year earlier on sales in europe and the u.s. remained down and that's why manufacturers from all over the world are keen to show off their latest and greatest here and the sky may not even be the limit this drone like can carry to people a step towards flying cars. and staying with kos recently retired. has withdrawn his appointment to head the comic supervisory board that said known even outside germany for his appearance as dr d. has faced growing criticism from investors over his legacy imu

softbank had invested about $3.9 billion in technology stocks which include amazon, tesla, netflix, and many in chinas new from these reports is that it is accompanied by substantial bets on equity derivatives. it is a fairly complex story but it seems that softbank is using the options to drive the value of existing publishers. -- existing public shares. they have said softbank is sitting on about $4 billion in trading gain. it is not clear how many of these have been realized, if any at all. considering all the concern surrounding the tech valuations bubble, it is not surprising that investors are spooked that softbank might have the wherewithal. risks forare the softbank? is it about climbing the market? >> that is a very good question. as part of the reason that this move had been controversial. we know that during earnings in august, they said that softbank has created an asset management arm. we suspect that is the group guided. -- the group behind it. the argument against this internally, even if softbank makes a few billion dollars in profit, this will not meaningfully increase their sharehol

tesla plans to start shipping china built cars to europe and asia.t's nice to talk about the actual nuts and bolts, if that is even the right word these days, the nuts and bolts of actually making cars, matt. matt: absolutely. that is something that we will be focusing on. as new york prepares to mark the anniversary of the worst terrorist attack on american soil, we will speak to tom kbwaud, chairman and ceo of . quarter ofre than a their employees in the world trade center attack in 2001. we had to the break on the morning of september 11, we will show you live pictures of manhattan as the city wakes up and bring you full coverage of 9/11 memorial events throughout the day. this is bloomberg. ♪ ♪ welcome back to "bloomberg markets: european open." it is 10 minutes past 7:00 so 50 minutes to go until the start of the european equity trading day. european equity market futures suggesting a little bit of downside. let's get a bloomberg first word news update with laura wright. >> europe has overtaken the u.s. in terms of new coronavirus infections. th

tesla x. painter and lee alto from china both going public in the u.s. this year. and despite pandemic restrictions beijing's halls are packed many executives like toyota c.e.o. akio toyoda preferring instead to join by video link. there is no crisis the human kind cannot overcome we will do everything possible in order so that we can overcome the coronavirus crisis together. china is the only major auto market that has recovered quickly from the recent kovan $1000.00 crash the country's auto sales rose almost 12 percent in august compared to a year earlier on sales in europe and the u.s. remained down and that's why manufacturers from all over the world are keen to show off their latest and greatest here and the sky may not even be the limit the strong like vehicle can carry 2 people a step towards flying cars. but i speak to ont elling horst who is knows most of analyst with investment advisors bernstein how important was it for the chinese government to get this event off the ground this year. oh look i think it's a hugely important to show the strength of the e

yesterday tesla announced the $25,000 model. i was recently in china that had a $9,000 vehicle town car. so it is there. lyft made an announcement by 2030, all of their fleet would be electric and they were investing in a program to make those vehicles available at subsidized rates for drivers. so i would say the california 2035 goal and the lyft goal for 2030, those could both be brought forward. they would clean our air and reduce our demand for gasoline. we would find ways to make it more and more available to lower income people. >> then you see if california leads the way nationally and internationally. thank you for your time this afternoon. >> a stark warning from stanford researchers about the dangers of the historic poor air quality. it could be causing thousands of deaths in california. >> chris reyes explains what the scientists are calling the hidden cost of air pollution. >> this is what a record breaking streak of spare the air days looks lying. and now all that soot in the air could result in 1,200 extra deaths and 4,800 e.r. visits in c

tesla is down there. wynn resorts didn't look so great. it has kind of a china feel to it where the growth names haven't been hit as bad as last week what did that tell you >> we had very stretched motivations where people were transitioning into this remote working, remote learning, et cetera they priced it accordingly, so some of that was always going to be sort of vulnerable to any kind of pullback what you see in the energy sector is telling us we're sort of doubting the recovery, that we're going to have a strong kind of surge in demand as the recovery trade, and that's also going to hit some other consumer names as well. so that recovery trade, it may not be the kind of recovery that we've priced in. we've priced in a really, really aggressive recovery. it's probably going to be a very slow and drawn-out recovery. that's just not what's in the markets right now, so the markets have to reprice. >> this will be a pretty somber conversation, then, because michael, we know you're sort of bearish in the treasury market no, no, i'm misreading this, i'm sorry. yo

imposed 25 percent tariffs on many also parts and ported from china to the usa in many parts makers who are attending here including tesla volvo ford and misstating is that actually this week syria the trouble administration for those tariffs saying that they're on will fall and they're demanding those tariffs be cancelled and also that they be refunded for any losses incurred katrina thank you tweeny you there reporting live for us from beijing. to those prime minister and his government resigned this was expected ever since president missing me was reelected earlier this year but it was delayed because of the pandemic the election results were disputed and election observers were barred from the west african country seem to be extended his 15 year rule after changes were made to the constitution. the african court on human rights every coast former president should be allowed to run in the forthcoming elections long black book is among dozens of candidates banned from standing in october's presidential polls but the electoral commission says it denied his application because of criminal convictions now the current pres

tesla or x. paying and li alto from china both going public in the u.s. this year. and despite pandemic restrictions beijing's halls are packed many executives like toyota c.e.o. akio toyoda preferring instead to join by video link. there is no crisis the human kind cannot overcome we will do everything possible in order so that we can overcome the coronavirus crisis together. china is the only major auto market that has recovered quickly from the recent kovan 1900 crash the country's auto sales rose almost 12 percent in august compared to a year earlier on sales in europe and the u.s. remained down and that's why manufacturers from all over the world are keen to show off their latest and greatest here and the sky may not even be the limit this drone like vehicle can carry to people a step towards flying cars. and staying with class recently retired. has withdrawn his appointment to head the carmaker supervisory board. known even outside germany for his out appearance as dr d. has faced growing criticism from investors over his legacy imus profit outlook has fallen

what does the american public really know about the china on this edition of the program the attempt to separate it's. what we've been talking about tesla for you know a number of weeks a few months because it is a phenomenon and the point i've been making from day one is that it's a me me me that as a market valuation at one point over $400000000000.00 and it taps into people who trade means and these are generations and the millennia old long the rabbit of apps and other forms and me no fundamental value there's nothing there it's just it's a murmur ation like starlings in the sky they congregate and then they disperse. welcome back an obscure feminist book with a small print run has received a surprise publicist. software government advisor co for it to be found an advisor to the gender equality ministry said that the title i hate men went too far. this book is obviously an ode to misandry which is clear from the summary in the title i would like to remind you that incitement to hatred on the basis of gender is a criminal offense this man works for the secretary of state for gender equality whose mission is to do something about sexu

tesla or x. painter and lee alto from china both going public in the u.s. this year.but despite pandemic restrictions beijing's halls are packed many executives like toyota c.e.o. akio toyoda prefer instead to join by video link. you know that there is no crisis the human kind cannot overcome we will do everything possible in order so that we can overcome the coronavirus crisis together. china is the only major auto market that has recovered quickly from the recent kovan $1000.00 crash the country's auto sales rose almost 12 percent in august compared to a year earlier while sales in europe and the u.s. remain down and that's why manufacturers from all over the world are keen to show off their latest and greatest here and the sky may not even be the limit this drone like vehicle can carry 2 people a step towards flying cars. the recently retired on a c section has withdrawn his appointment to head the comic a supervisory board sacha known even outside germany at appearances doctors said as faced growing criticism from investors over his legacy profit outlook has falle

so what does that mean for apple, tesla, some big company that's operate and get a large proportion of their revenues from china, right, john? i wonder if this has been fully baked in yet and if we will continue to see that rise in the next few weeks >> i'm skeptical that china will do too much to apple at a time of year when there is so much of the chinese economy relying on that let's talk about that. confusion over who own what's is clouding the trump administrati administration's approval of a tict tiktok deal. >> that's right the president injecting real confusion into the deal this morning after having given his conditional approval over the weekend. this morning he went on fox and said under the terms of the deal basically walmart and oracle would have toe a control of the new entity he said if they didn't approve of it they would not approve of the deal they're scribing a a deal where walmart and oracle would have only 20% of the combined entity. here is what the president said this morning >> they're going to buy it and have total control it will all be done through oracle in a cloud, and i guess nehr

tesla down nearly 20%. chip stocks big losers as tensions between the u.s. and chinaile there is some rotation happening, all 11 s&p 500 sectors are lower including the banks despite having

copouts now that will have cost imported from china now this week many a number of column makers are exhibiting at the show here today including volvo tesla miss avies and ford are actually suing the trump administration for those towers saying that they're unlawful and they're demanding a cancellation as well as refunds for any losses incurred because of those tariffs you thank you for that update from beijing molly has a new interim leader 5 weeks after the military ousted president to bring boubacar kaito retired colonel and former defense minister of bondo is promising to hand over power in 18 months when nationwide elections are planned the block of west african neighbors sanctions won't be lifted until a civilian prime minister is named nicolas harker reports. a squaring in ceremony under exceptional circumstances absent were the usual heads of state and foreign dignitaries instead an audience of mostly soldiers religious leaders and members of civil society 5 weeks after monday's military coup retired colonel bind becomes the country's new civilian leader his vice president the man who led that coup colonel in charge of security an

china. you find definitely cheaper cars they are even cheaper than that in europe right now. that's a reality already happening. teslaas focused its reports on more high end products for him, this might be a new thing. for the industry, it is not a new thing or a big thing we've had those cars around there. it is good to come on board you can already buy an electric car for 20,000 >> we'll leave it there. let's take a look at wall street we saw the s&p 500 snap a four-day losing streak led by a rally from amazon nike in focus after shares rose to an all-time high on track after the sports wear giant reported an 82% spike in online sales. let's take a look at european markets where we've got strong gains on the board green in the region and the ftse 100 up about 2%. the dax up about 1.8 we are in a different position we saw them plunge 3.2%. the worst day in three months. we saw a slight recovery up 3.2% breaking sentiment uncertainty has lifted to a degree given we got the announcement not as severe as the worst case scenario as we've seen for every sector "worldwide exchange" is coming up next. >>> it is 5:00 at cnb

china has become a leader in bill. and that's why germany really needs to watch out they also need to watch out for tesla which is sit up in jodi's backyard ok so we've got the big car chiefs meeting the chancellor what are you expecting from the summit i'm not expecting much it'll. cost was to say that the funding is needed for old and new technology for a short term boost but if you listen to what medicals been saying and what the state probably is have been saying from the states that are the main cop producing states they've already given money to the sick and why do they need more but if any aid is given they could be conditions attached and that's what we've already seen in the aviation sector then thanks so much i know we're going to be hearing a lot more about the drone from you ben physical in our senior business editor thanks gerri. similar to some other stories making news today major wildfire tearing through southern california is believed to have been started by fireworks more than 500 firefighters are battling the blaze that started over the weekend scorching conditions are fueling the flames temperatures