outside dumbman, starbucks, thank you so much.e of " herbert west" after this break when we -- more of "bloomberg west." ♪ >> bloomberg television is "on the markets." let's get you caught up on the action. there is not that much action in the markets. if you look at the individual indexes, the s&p is not change but the nasdaq is gaining 1/3 of one percent. shares of tesla hit an all-time high today, nearing the $200 for sure mark. so shares are on the rise after china announced the smaller than expected reduction in subsidies for electric cars. they will pay more for you to buy a tesla. ♪ >> you are watching "bloomberg west." ollie baba is trying to take full control of chinese mapping company auto map, offering to buy 72% of the company it does not already own. the deal is valued at 1.6 billion dollars and alley that is made them number of back was agents this past year. tc is having trouble selling smartphones and first-quarter sales could be the lowest since 2009. a widerso forecasting than estimate of loss and bloomberg has r