ceoe talked to the certainly. the ceo take -- stays with us.sinesses -- british businesses anxious about brexit. not convinced from the two main political parties, that is what interviews with many of the conference reveal. issa -- i sat down with jeremy corbyn and asked if he thinks we need a second referendum. >> we have not considered a second referendum. we want to negotiate this process. we don't know when the next general election will be so we don't know which we will be in government. i want parliament to be able to hold the government to account of what it is doing. challenge the bill as it goes through. this bill is everything i disagree with. parliament should be there to hold government to account. this bill has enormous powers over the secretary of state which he can -- he can override parliament. that is wrong. >> when we see the deal there is on the table -- >> we are not considering a second referendum. >> do you see a transition of something that can be achieved now by the government or is it that takes time to negotiate? >> i

the ceoe move is next. is going to speak with us live. >> welcome to "on the move."are moments away from the start of european trading. it is what we are focused on for the next 30 minutes. isray cloud and pressure growing on germany. the french minister travels to berlin. the europeanabout health check. is it a reason to worry or the final hurdle before an elusive recovery? we talked to the firm that that dollars on a company that later became worth billions. that company called facebook. we're looking at futures. futures are higher. the dax is pretty much dead flat. a big move in asia. >> the big bet is the pension fund of japan will take a big bag of swag and get involved in japanese equity markets. quite a dramatic impact. it is a little bit of a mixup in irope. going back to asia, will show you the kind of momentum. this is a big question. the hang seng up half a percent. europe had its moves on friday. the yen is lower. this is an important week in erms of data for the u.k. we will get inflation data. you are right. the debate about baking will build up in term

ceoe will be talking to the following the company's earnings release. int is the first interview the second hour. >> begin with china's manufacturing activity. away -- thetech takeaway? >> it singles another month of contraction for the chinese manufacturing sector. we're talking about the hsb project economics. it came out of the of 48.3 for april. it signals a level below 50 which is contraction in terms of manufacturing activity. weyou take a positive view, see some stabilization in manufacturing in china but it does suggest that the chinese government may be forced to roll out some additional stimulus measures to counter the slowdown that persists. railwayasures include action, investment, and energy projects. they may not be having a strong is an impact. we say that in terms -- we see that in terms of the markets. a fourth month of contractions. we will be watching this closely to see what investors think of this. the government in beijing reluctant to roll out a massive stimulus of the likes we have seen in recent years. >> now to hong kong. >> uk

five hundred ceoe 500 ceo's thay they choose doctors when they're in a real emergencyconso situation based on diversity considerations for heartsurgers surgery, let's say, or do they choose their doctors basedy on reputation and merit? andnow, this equity and diversy it's n nonsense, it's not making mak us better. it'sin not making us smarter.. it's not making a stronger oritm more united as a nation.r, weakr it's making us dumber, weaker and more divided. .the result, kids can't read or math teachers are afraidd to esh to establish objective obstandards, don't want to offee any parents and administrators at. those at vanderbilt those women can't be bothered to compose or proofread their own emails. no >> and remember,w, remembe thos? peabody sc dalitz represent vanderbilt's nextody school of education. in other words, training. the next generation of thinkerse talk about terrifying. beginnino there are some signs, though, that the system is beginning to break down. notice that some of the first positions being cut by businesses right now during this economic slowdown are the diversi

the ceoe you spoke to of msci.ll that he he really does expect that markets will continue to open after a steady and stable rate. the question was around the pace of that. closelypposite worked with the vice-chairman of securities regulator here. they receive strong support from this. also interesting to hear that the next focus in 2018 is looking are has to include mid-caps further down the line. also hope that this decision was welcomed and appropriate. expect itaying they could lead to inflows between eight and 10 billion u.s. dollars. >> good feelings all around it seems. i want to play for you part of our interview with henry fernandez when he talks about expanding the number of shares going into the index. support withstrong the proposal put in place. we were able to get stronger support to revise it to a larger number of caps. that was one thing that was important. >> how important is it? >> it is obviously quite significant that china is finally part of these benchmark indexes. he did note that it is also a

ceoe pioneer and chesapeake has died in a car crash in oklahoma city.ndon faced accusations that he conspired to keep the price of leasing drilling rights artificially low. police say he drove his car at a high rate of speed and slammed into a bridge. severalrea has fired short-range projectiles into the sea, as hours after the un security council passed to the toughest sanctions yet on pyongyang. the exports of gold, thanking them, rare earth, and gold, achieve source of currency for kim jong-un. will todayancellor attack the argument of colleagues and his conservative party pushing for britain to leave the european union. thege osborne will urge backing of the merchant, as he speaks along his german council part, wolfgang schaeuble are. . isemy corbyn will begin reform for the banking sector. he told the bcc conference the finance industry must not be an extracted industry that looks at consumers, on, and small businesses as a cash cow. the republican party establishment is really out is 2012 nominee in a bid to stop donald trump's march on the white

>> the charles payne rule is that when a ceoes, and if the stock is up, that means the ceo who is leavestock is down, that means the ceo was good. have i got that right, charles? >> she was not just good, but tremendous. here's the thing. boards are not tough enough sew when there's a big fiasco, kick out someone, the market, you know, you get board thing from people who are not in the stock market. the fact of the matter is i think they overreacted. christine day, a big blow, the stock is oversold. it was a mistake. should have kept her. >> big drop, 16%. >> she did an amazing job, amazing job. >> all right. the very important story here. we've been hinting at it for years here on the show. we're talking about the back door bailoutompassed within obamacare. cities and states can shift retiree health plans to obamacare. chicago's mayor is already doing it announcing plans to move city retirees on to exchanges, subsidized exchanges to pass off $800 million in unfunded retiree liabilities. betsy mccoy, at the center of the story for years now is with us. a city or a state, they can't pay t

o but remember former twitter ceoe jack dorsey repeatedlymber denid that this was ever happening. h here he is , in fact, front testifying in front of congress back in 2018. >> watch this.to read i want to read a few quoteses. about twitter's practices.ell yh >> and i just wantat you to tell me if they're true or not. social media is being riggeds bn to censor conservatives. >> is that true of twitter? >>, i don't know what twitter is up to . it sure looks like to me that ad they're censoring people and they ought to stop it. are yoo stopu censoring people?. >> no. >>itter shadow banning prominent republicans bad is that true? >> no. well, now, just like clockwork, democrats and their adoring allies in the media arliees i suffering one meltdown after another and relentlessly attacking musk and weissr and . so ask yourself, why areats in democrats and the media so the terrified by transparency, scared of free and independent voices? so scare free anand so hostile e the answer may be simpler thanle you think. censorship is a tool used by the powerful against the powerless to suppres

the ceoe first time also got a raise. going back to bonds, there's something that caught my eye. japan's longest bond, so basically joined the rest. -- 40 year yield tom: it is an interesting time here at -- interesting time. shahab jalinoos joining us. let's look at gold right now. we haven't done this chart in ages. this is one of my most famous charts. inflation adjusted gold. down we go, long-term gold declines. i am passing my book with a brilliant -- this. d of gold currency. go and here is this very quiet rebound. isn't that the end of the bear market? i do not have an opinion. francine lacqua does not have an opinion. james steel does. we'll talk about that later. there is the effervescence, francine, of gold over 30 years. francine: yet. a -- weat gold, we had had an exchange strategist facing it is all playing out in gold. shanghai, the stock exchange fell 6%. you need to see how you price risk and exactly what that means for investment and whether we should be more worried. let's get to our guest host for -- hour, he is rick like i he is rick lacaille. great to have yo

the ceoe speaking with of the red apple group and owns a different kind of retail -- it is a supermarketin. he talked about how businesses in new york city are paying higher and higher rent. butrents continue to go up the tax issue is a big problem for small businesses. listen to part of what he said about how higher taxes affect businesses and individuals. >> the florida real estate people were celebrating that more and more new yorkers are moving down. it is like 400 families or people per day. >> because of the taxes? >> because the fear of taxes. taxes did not go up yet. they fear that it will rise so they figure let's get out of town faster. >> i don't know about 400 families per day number but there are two separate issues -- there is higher rents for retailers and number two, higher who are the wealthy large consumers in big cities like new york. >> you've got higher tax rates. new york has high tax rates but it's the best city to do business in in the world. number?u believe that >> 400 families per day? i have no idea. >> do you believe people are leaving new york to go to flori

ceoe carey ran directv as for many years. he obviously has good input.iverse team at the 21st century fox group. i think there's a lot of should you just merit as long as the deal is the right place. >> jason, a lot of people look at the timing of this offer and say, it is genius because 21st century fox has just completed the spinoff of news corp., time warner has just completed the spinoff of time, so they're very both clean, focused media companies. and at the same time, comcast is tied up with the time warner cable acquisition. at&t is tied up with directv. up with vodafone wireless. do you share that point of view of genius? >> genius. rupert murdoch has been building this business since 1954. >> 1954? 1954. he has made bold moves. he is one of the few newspaper titans to be able to transform into a very powerful for relevant global content play today. we like the fact they're willing to make old moves as long as they're very strong price discipline attached to it. >> let's say jeff fugate somehow comes out ahead here, that he persuades shareholders

th ceoe. how bad were the earnings? also the optics of not having the ceo there in the call?> well, it was a different softbank that we saw yesterday with the loss of their -- it reported its fourth quarter of losses. the losses were smaller due to some bottoming out and some of the visions fun traded stock. the ridesharing company like gra b. the tone was different. the optics, it's not good to have the man who is makin gall the d -- making all the decisions not there. at the same time, the tone was one to reassure creditors. the cfo is a former banker. his language was very cautious. there were no geese with golden aches dancing, for instance. he talked about how softbank would stay in defensive mode. he said that there was ample cash to turn offensive in the future. we got a taste of that yesterday. haidi: what did we hear in terms of the plans for vision fund three? >> so, we had an exclusive interview with the vision fund cfo. he said that once the vision fund's capital is deployed at there is still $6.5 billion left in the vision fund. once that is deployed, they will m

the new ceoe seeing would have to manage a compensated relationship between nissan, renault and mitsubishis the problem as we continue to see shareholdings that are clear but not controlled. alexander: the difficulty is theoretically the wrench should be running the operation. it is a government -- renault is a government controlled company but the french government doesn't want to step up. when you look at carlos ghosn, he was looking to bring the company together and integrate and merge. path.y, took the opposite you have to assume some of his, the people that worked for him, would still be following that. we are left with who is really in charge and what will go on? one man said clean sweep, shuffled the management but the only two people that really changed was the american female lawyer that came in and the japanese x racing driver who was also female. those were the two nonexecutive thectors who drove to get second key ceo -- the second ceo kicked out after he wants to get paid more. we even know the extent of what appears to be a fairly deep rocked in the corporate governance -- rot

beforeúi=c8v that was thewe ceoe health. welcome to allm1a of you.exchanges. johnson 0o@:hujz for yourvdvdík for bringing us together today to talk about early lessons. !b0c so what are we seeing? >> we're seeing enrollment isjy outpacing the enrollment,z3s/f e marketplace. that's because most of the system glitches have been workeñ vlpñ based marketplace. we're also seeing we're seeing for more robust consumer assistance in those state based3 marketplaces. and medicaid. it's worth noting there is a success story in five states, this is just early on, that been doing what we call fast tracka$nj9Ñq[/&ée4 expedited er medicaid. oregon, forxp example, despiteáw their own going change to enroll 121,000 people into medicaidee. we're seeing that plan choice varied by state level acros38wx; 6júc what it locks like in their states. overall, we're seeing that 80% are choosing silver or higher level. and that age distribution also varies. overall, 24% of the enrollees are in the 18 to 34 age range, that coveted age range. consumer assistance varies. one real

the military understands that the captain of the ship is in fact responsible and it ought to be the ceoe buying a safety reasons, security reasons which was certainly not the case here no passenger should ever be treated like this on an airline. these larger issues because the airline industry has becomecome anti-competitive and consumers are being hurt in the process. they feel like they are being treated as self-loathing cargo rather than the way they should be. if you'll taken advantage of a. the consequence of the mergers so that we only have a handful of airlines and they basically don't have the competition. many have now become self described detectives where they were unfairly or unjustly treated, and i take no pleasure beating up on the airlines but in this case it is warranted because of what it portends in the future. we've heard about the checked baggage and assigned seating that isn't always clear. we try to straighten out some of this if we are going to get another crack at it this year. that's why i'm glad you put in the disabled veteran slugger. they are having to deal wi

the board of cbs meeting today over newfallout overal legations of sexual misconduct from l ceoes moonves. >> and new findings on the disappearance of mh-370. will it answer the question of ed?t rlly happ today, monday, july 30th, 2018. >> from nbc news, this is "today." with savannah guthrie and hoda kotb. live from studio 1a in rockefeller plaza. >> arn good g, everybody. welcome to "today" on a bright and early monday morning.o so niceave you with us. >> one of the things in the show is a very powerful interview you did in l.a. a few days ago. >> i really hope people will watch this. bode miller, who we know from eolympics, and his wife morgan, lost their baby girl. emmy. she was 19 months old. she towned. younk you know everything you node to know about water safetyyo i ask especially if you're around little ones, to interview. it changed me. i hope it changes a lot of earts and saves lives. i think itwill. >> it was difficult for them to talk about, but that is their purpose. >> first, it is a busy morning with lots to get to. we're going to start wh the raging wildfires out west. >>

ceoe is a risk if you are a or a coo, you have an inbuilt risk of brexit word trade. -- or trade. --stic, analysts are too optimistic. consensus has about 10% earn dust earnings growth next year. scope.s no nejra: i was reading a story on the bloomberg saying analysts arc cutting their estimates -- are cutting their estimates. typical.it is i think it is a worry that you have this phenomenon. expensesthrow all your in and the guidance will be questionable given the backdrop. the last four earnings seasons for the u.s., the s&p has fallen. has not performed well. nejra: the point you make about companies hiding behind trade seek outt, how do you the companies to buy or sell? patrick: we are looking for laggards. companies are trading on 10% to 20 per -- percent. aversion moment in yen revenues. u.s. health care has political risk and is trading in multiples below the s&p 500. if we get a democratic president , rhetoric will be harsher than policy. forink the worst case is the health care stocks. nejra: great to have you with us for this hour. bloomberg "surveillance" continues in the

we will give you a sneak peekco, including chair, the milwaukee and the president and ceoe.now. c-span, your unfiltered view of politics. ■d>> on thursday, tune into the cnn presidential debate simulcast live on c-span2. watch asre biden and former president donald trump face off as they try to earn your vote ahead of the general election. our coverage begins at 8:00 p.m. preview of what's to come, and then at 9:00 p.m. ea our simulcast of the cnn presidential debate. following theebate, stay with c-span as we take your calls and get your reactions to the first debate of the campaign season. the cnn presidential debate simulcast live at 9:00 p.m. eastern onv■■> c-span, c-span nr online atyour unfiltered view of politics. xzíp>> c-span is your unfiltered view of government. we areby these television companies and more, including midco. ♪>> midco supports c-span as a public service along with these other television providers. giving you a■democracy. st:n on the biden administration's policies on immigrati,

cits now, nick wallace ceoe firm sayy the metrics that d.c.y rated for average commute timemm in minutes and the perce difference in commute timeence between public transportationrto users and drivers on those metrics it beat almost everyvery other city in the country. would you like to know the otheh cities on this list in the top e five.fi. >> yes. yes >> since we're fox5 we'll do tht top five. washington, d.c. number one.d. m other ones on the list, san francisco, number two. boston. chicago and new york city. >> wisdom, you know what thisw h says to me.yso me >> what does this say to you,, allison.so. >> this system has the potentiai to be great it.at i >> has so much potential.. >> i got to be honest. honest. what i hear about this violenceo somebody getting shot. >> oh yeah.>> oh yeah. >> it's a train.s tra there's more than one people ono assume on the train.he tin >> right.ht >> it has the potential to beal great. something needs to change d.c.. in the area deserves a betterdea system. i deserve to be able to get onat there and feel sa

lufthansa ceoe to in berlin. >> short-term we tend to be hedged in a better way than most competitorsrs. will be goodices for the industry longer-term. >> that is your bloomberg business flash. tom: thank you so much. single best chart. this goes to international investment. we steal a chart. this is a chart. nejra: what a date to be alive. tom: this is the j.p. morgan asia index. they are doing better than the emerging market index down here with nice delta. this brings up the idea that if you're going to be in international investments, you have to hedge currency exposure. i think that's a great way to lose money. >> i agree with you. you have to think about your portfolio and decide whether it is important. if you had a choice to hedge your emerging market currency exposure, you probably wouldn't at this juncture. dollar strength has been the theme for the last couple of abate andnow going to we get a weakening trend. the whole idea of having a global portfolio is to blend all of this together and deal with the cyclicality of emerging and developed markets in a cogent way. nejra: d

general electric beat analysts' to ceoes, giving a boost jeffrey m l after some investors have grownouus on cell is will heart and still with us is david bianco of deutsche asset management. good news for mr. immelt. guest: organic growth was better than expected pretty much across the board, and oil and gas is not as bad as it has been. four quarters are pretty negative. it looks like sales are accelerating. david: and power and engines are good. up.n: yes, power is it is actually apples to apples, i power is picking up, but think the other surprise was that oil and gas prices were not as bad as they have been pure to sales were down 9%, may be down 21%, so that is a good. himselfid: jeff immelt says that is all about the internet of companies. muchyou think about how progress they are making on that site come on the tech side. karen: we get sales and orders, and they are all growing 15%, 20%. they are not making money in it yet or this could be the year that they are spending less than they are making, so it is an important here on that front. 130 $4 billion is hard to see, but the

co-chair, ceoe and founder of farfetch. zuma versus the anc.the impact of the south african president's standoff with his own party. we are live to cape town, next. is bloomberg. ♪ francine: this is "bloomberg surveillance," and i'm anna edwards. let's talk a little bit about oil. ve alwaysits allies ha achieved their goal of clearing and oil glut. but their efforts could be derailed by the united states and other rivals. crude has rebounded and is trading $59 a barrel after falling 10% last week, dragged it down, and then bouncing up once again. with more, we speak with emery boar. why isn't oil rallying, then? i guess, it's being treated like a risk asset, isn't it? u.s. futures are pointing down. reporter: exactly. over the last two days, with some risk assets be swept up a bit, but not so much for oil. you would think that with the i.a. save the glut is almost clear, we would stabilize prices, but it is going to be shale versus opec. the shale company is able to deliver even more now as we have those recovering prices and opec production is

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the ceoe worst since position changed in 2006.or is this going to be systemic? the flatter yields curve taking a toll on goldman sachs has less exposure to consumer banking versus bank of america. that stock down by 5/10 of 1%. if equities trading was better than estimated, but for bank of america, that interest income was slightly lower than net interest margins. the interest margins should improve in the third quarter. a lot of these issues that were transitory and should improve, we are also getting some readthrough on the deposit data. so how much they are going to raise the deposit base to attract customers. we are seeing a little bit on the asset management unit, not so much yet on consumer banking. that is squeezing the more so we have been breaking these down throughout the show. jeff hartehter, also of sandler o'neill. and michael pachter is still bearish on netflix. david: it is trading for about half of what it is trading for. here we are not going to get your placement for obamacare anytime soon. having counted the vot

andrew keane is an independent trader at the ceoe.trades with citi, jpmorgan, bank of america and goldman sachs. so what do you see for the financials today, andrew? >> the financials are a little lower. they're not down that much. jpmorgan is flat, ge is flat as well. it's interesting to watch the volatility. we saw the vix hit 20. even went under 20. went to about 19, 20. i'm watching the volatility. goldman sachs, they report earnings later this mon on january 22nd. should be interesting to see what the volatility does going into earnings and what the volatility does after earnings. >> outside the financials, which obviously are important just because of their sheer weight in the overall market, what group really sticks out in terms of the likely to be a lot of activity today? >> well, the thing i'm always watching is gold and the dollar. they have an inverse relationship on each other. whenever gold rallies, the market rallies, which means we will keep interest rates low probably the next year than affects financials. basically, w

until productivity goes up, wage also probably remain muted profrnlgts du >> jurrienf fshgjurrien, if ceoe confident, won't productivity go up we'll let the dreamers stay. the population will grow people worry about that and think we can never get above 2%. don't you think productivity can come back? >> sure. you know, potential gdp growth, the speed limit of the economy is the sum of productivity growth and labor force growth. having immigration is a good way to grow the economy. absolutely all the western -- all the industrialized countries have a demographics problem so you need to boost your population one way or another, whether through birth or immigration. it's a slow-moving thing productivity the same thing. if taxes are cut, regulations are cut that should potentially boost productivity unless you do one or both of those two, you will be stuck at 1.5, 2% real gdp growth. you need to do something structurally to raise that limit, and it comes down to those two things >> okay. thanks, jurrien, david guy, thank you for being here. >> i'm staying i'm not going anywhere >> i know that

what topop hollywowood actor appeared inanan ununcrited ceoe inin t 1988 fmm "youngns"?ise. >>> despite t market't's recent drubbing our nexext g gue says stocks are poised for a suained rally. heheren a cnbc exclusive, ing's chief mamark strategist, the formerer cefef sategist at b bea stearns. thank you for coming in.n. >> thank you. >> what is i iwewe s. why do you think stks are going to keepp rallyingng? >> i ihihinkt's sisile. it's about earninin.. the expectations arere t earnings a a g goi to go from e mid-50s tohe mid-70s. ifif yimply hit t tho expectationsns,toto mamark's t t chchf. eastern n thcoconcn about consumer and ememoyoyme, we're moving tords a positiviv print on dpdp in the third or fourtrt quarteter. even ifft't's tepid recovery, you know,,hahat should be r rea great for cocorpatatprofits. sxsxinththat the story. >>>> tt's something a lot of people are hopopintoto heaeahe momoneononhe sidelelin,, veveors hoping to j jum bk in with this,utut there a so many headadlis s d so many storieses that we sese e eve day. totodathth story is how house prices mi

earlier today, vonnie quinn ceoe with the keen groune group and asked about the permian boom. >> it is call a boom with oil prices in the range of $50. and makes it economic to spend capital drilling. we will look for it to continue to grow over the next two or three years if oil prices stay stable. vonnie: we have a new president and administration. rex tillerson and rick they are part of administration. what do you hope comes into play? >> we will have to watch how it plays out with the new so aretration vonnie: you just waiting to see? is there anything that would benefit the hydraulic fracking industry? >> the lower corporate tax structure could help. vonnie: talk about the oil and gas. we have been does talk about the oil and gas capex. we have been waiting for it to turn around. >> the spending in the u.s. is generating% to 30%, new activity and creating a lot of demand for our completion services business. on end everyone says a lot of capacity has exited the market. even private equity firms say the same thing. but some say not as much. what is your take? have we seen a massive

ceoe think that the portion that that the porsche ceo is the right person?ons: there has been a lot of emphasis on the personnel aspect of the story. we do believe it could be matthaeus mueller. if you think volkswagen needs to follow bob dylan's example and go electric, matthaeus mueller may be the guy to do it. but on the policy side -- and i think that's more important -- i think we are looking both forward and backward. forward in what volkswagen wants to do. how are they going to compete in america, globally, and how will they clean up this regulatory mess? looking backwards, hopefully we will get some numbers on where they are, what sort of exposure they have, what they may be setting aside, how big of a challenge and how deep of a hole they think they will have to dig out. i am moreys interested in the policies. francine? that, theon provision, 6.5 billion, it is unlikely that will be enough. more research says they will have to put aside more. this is a huge scandal. : we have 27 states attorneys general, potential criminal liability in the states as

. >> we are talking about the top three kerns of ceoes is secret service, overregulation being the topcal uncertainty across the globe. a lot of things suppressing growth. >> the reality is every business right now and for that matter government is worried about a myriad of things. china clearly, an economy that is in transition, you have to also get into the details, what's happening with the state owned enterprises the consumers. those are two different stories. you get into the issues of oil, you guys just talked about that a couple seconds ago, you get into some of the geopolitical issues and i will call it the political issues in general. the number one issue that was talked about in davos is our political issues going on right now. >> the u.s. companies, specifically u.s. ceos, what's the level of concern about the political uncertainty/paralysis in washington? >> it's pretty big. there's en certainty in terms of what the various candidates are saying and implications and how we will operate from a global perspective, what will happen in terms of trade and cap issues. >> let's pu

well, when tesla ceoe lon musk is involved.he use of the world recall. phil lebeau is live in chicago with more on that. >> basically what it comes down to is that tesla had a remedy, a fix for the charging station. basically sending a new adapter to model s owners and it was listed on the government website for all recalls, therefore, it's considered a recall. musk is saying, look, we're not telling people to bring the vehicle is, in model s. it shouldn't have been called a recall. that was part of the news yesterday when he joined us on the "closing bell." another part of the news is he said tesla is on track to build 800 cars per week by the end of this year. he sees model s demand growing in europe and china sales are just beginning. >> we expect to start shipping -- putting cars on a boat essentially in about a month. and then we're hoping to make our first deliveries in china in march. not 100% certain but hoping to do that. i think towards the end of this year we'll see very significant sales in china. we're seeing a tre

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. >> the head count to hundred the ceoe and we will -- spoke exclusively to bloomberg at the company's> we will have to go to the capital market to have to show what we have. during the last two years if you heard about ferriday it was mainly about the challenges. at least i heard it from outside. but if you come here and i think you have the chance to see it today, there so must substance here that comes to technology, to the product and to the business model. and this we have to communicate we have to make people understand that this is the most advanced start up company of all those new companies. >> you noted the issue of fundraising. what is the situation. how well-capitalized is faraday, and whats do you need we you get them? >> that is a good question. you have to understand what is going on now in the capital market. if you look back you know i built a unique company three years before. >> and we will talk about that, course. >> three years before an accelerated. if you had a powerpoint presentation at a big vision, you could get a couple hundreds of millions even billions this