elan musk has no direct affiliation with hyperloop one.hey're also working on a version of the hyperloop. i'm sure he was watching this demonstration today as an early indication of where the hyperloop is headed. >> i sure hope it's going to work, phil. i really want to ride on it some day. exciting. >> so musk has -- i was like elan musk. he has nothing to do with where you are? >> correct. aside from giving the idea three years ago, he has nothing to do with hyperloop one. >> i've been horrifically wrong like 16 times in this show. >> why outside the u.s. will hyperloop likely first gain hold? >> oh, i wouldn't be surprised if it's in europe. last night there was a presentation with a number of interested parties, entities, governments, utilities that are interested in working with hyperloop one. and there were a number of representatives from firms and municipalities in europe. i would not be surprised if you find some municipality or government in europe that will say, you know what? we have two cities, 50 kilometer as part. let d.c. a

you have to put that directly to elan musk. we think we can get to a half million in production by 2018. immediately, you heard skeptics and analyst, there is not one single analyst that has a call for them to build half million vehicles by 2018. the most bull sish 350,000. i think morgue an stanley is down to $2275,000. i said they're saying what they have said all along. if everything goes perfectly, as planned, they think they can hit their targets. but then again, things may not go perfectly. remember, manufacturing is not a smooth process. >> yeah. i hear you, phil. i appreciate your insight. you know the story better than everybody. you guys want to -- >> it's never been a smooth -- and all those ifs, if this, then that. i mean that's the problem, scott. i think phil would actually go along with this as well. the promise is just for this year are probably aly bit inflated let alone 2018 the 500,000 number. i mean those are production numbers that are absolutely incredible when you look at trajectory from where they are ri

. >>> a change for tesla ceo elan's -- it's down shifting slightly to start. the hyper loop goal is to move freight first, then people. the high speed transportation station can top 700 miles-per-hour. it's time to eat and shop. it's the perfect item to add to your memorial day cook out. >> tony has your tip on today. >> the tip of the day is broccoli. >> it's summertime and all the melons and all the fruit was coming out, the cherries. >> even in the summertime, they taste great. the nutritional value is out of this world. i love broccoli. it's an april tiez petizer or cooked with a pasta and sausage, garlic, oh, that's heaven. you want to make sure it's green all the way around and it has to feel nice and fresh. when you bring them home, store in the refrigerator, but -- always wash them before you enjoy them. the broccoli market, summer, winter, spring or fall, always have it. i'm your fresh grosser. always remember to eat fresh and stay healthy. broccoli rob, stay healthy. ,,,,,,,,,,,,,,,, >>> a big night for bay area sports fans. we're live outside of ora

elan musk did say i don't want to get too tied up in some of these short-term production issues. that executive change when it comes to the vp of manufacturing and will be addressed by the reporters on this call. >> phil, see you a little later on. tesla jumping as the call is about eight minutes in at this point. in the shareholder letter, it says, increasing production over the next two years, challenging what will likely require some additional capital. that's where i would imagine on the conference call, a lot of questions will be about that some additional capital line and what that actually means. >> not only that, but how about just the idea of actually getting the execution to be able to do that. the production's been one of the big problems. every couple of weeks we seem to read about something, with the x, or how are they going to get the 3 out. when you look at the numbers now, think of 2018, this could accelerate to a 500,000 number, that seems extreme to me. i love the optimism, i'm just not sure where that's coming from. we've seen nothing, and they're losing these

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elan musk responds to the accusation. next close next.=jess/take vo== right now at 6. >>> finally tonight, they're quick, they're tasty and as the weather gets warmer there's never one far away. we're talking about food trucks. they've gotten to be such a big business, their whole fleet is catering just to canines. as nbc's joe fryer tells us, customers are sitting up and begging for more. >> reporter: sure, one could give a dog a bone, or you could give a dog -- >> that will be $7.50. >> reporter: -- a gourmet treat. this is the seattle barkery. a food truck for customers like chief. >> he's like, oh, it's here! i'm going to get a lot of food! roll over. good! >> reporter: the mobile munchery sells pumpkin pretzels, cheesy doughnuts and doggy sundaes. >> you don't make this at home? >> no. and even if i did, i don't think i'd have the patience. >> leave the baking to own ter dawn ford. >> this is like the perfect color for the bacon. >> reporter: once a dog walker who made quality puppy snacks for clients, dawn and husband ben found a '6

elan musk said his company paid $55 an hour for the work. the contractor hired by tesla.r an investigation by the mercury news claimed the workers were paid substandard wages. >>> federal transportation authorities have signed an agreement for another delay in the high speed rail project. the project scheduled for the first segment a 119-mile stretch has been pushed back to 2022. it covers 2 1/2 billion dollars in federal matching funds. san francisco wants more self- driving cars. they are trying to make the case for a $50 million grant, the grant will be awarded to a major city with a vision for the future. san francisco's plan includes cars that would be connected to each other wirelessly. this would prevent traffic collisions and help with continue yes -- continue 66. plans to open a new apple store are moving along. the location will open saturday at 10 am. we're getting a first look inside. tune in as we look in live. that's coming up on the nine. i've been watching that. >>> time is 5:42. the census bureau released new population numbers. the two bay area city as m

it was dreamed up by visionary elan musk.way to whisk passengers 800 miles an hour between locations. he made the plans public and the world went into full gear to get it done. passengers will ride in pods that move through sealed tubes. the tubes have the lower air pressure and it allows them to zoom around at 750 miles per hour. it will be propelled by magnetic lev tation which also helps it hits those high speeds. that's the first planned route san francisco to la will take 30 minutes which is half of the time it takes to fly. they hope to have a full scale model by the end of the year and have the system moving in the next five years. from there we may start to see super loop stops coming to a town near you and more important getting you further away in no time at all. this is so cool. i want to ride it right now. you know it's going to be one of those where you are like, oh! >> no excuse for being late to work. >> good morning. great to see you. you can hear brett larson and o the whole cast on sirius xm 115. >> if you h

originally, elan musk said he plans to produce 500,000 teslas a year.of you out there that ordered the new model 3. it costs $35,000 and doesn't start shipping until 2017. 300,000. more than 300,000 orders for this car. so the good news if you are one of those who ordered it, you may get it on time and wall street is taking it that way as well. >> thank you very much. >>> seaworld will stop breeding killer whales in captivity. and ringling brothers had their final show with elephants on sunday. how the so-called humane economy is transforming some of the biggest brands on the planet. keep it here on "morning joe." what's up? ♪ ♪ ♪ does nobody use a turn signal anymore? ♪ on top of your health?ay ahh... ahh... cigna customers have plan choices and tools to take control. so they're more engaged, with fewer high health risks and lower medical costs. take control of your health at cigna dot com slash take control. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing

lindbergh lifted off from new york he wanted to win a race, a prize and proof aviation is safe when elanedn paris his life changed. >> the lindbergh flight was light the beginning dawn of aviation. he hung it out there. 33 years alone hand crafted silver machine and he got there and whole world ignited with enthusiasim. >>reporter: the machinist what he describes as slightly safer version of the plane mounted with camera and up link to satellite so the world can watch. >> how are you going to get the clearance correct. >> with builder john they they set to work. >> craftsman of yesteryear very skilled guys. >>reporter: everything you see here hand made. all the metal. all the wood. all the connections. >> it's not enough to make the parts by hand. sometimes they create the tools to make the parts first all to duplicate this done 90 years before. >> it is a beautiful thing to craft an aircraft like this. actually have the confidence to get in it and cross continent or oceans. >>reporter: most of the journey they say is just getting there. in no have the 0wayne friedman abc 7 news. >> from o

after elan cordi washed up on the shore of turkey, there was an outpouring of sympathy and empathy and generosity that we were looking for for a long time around the syria crisis. very shortly thereafter, of course, there was the paris bombing and the famous passport that was -- that threw the whole refugee narrative topsy-turvy. coupled with san bernardino, that brought it home to the united states. it was impossible for us to counter, to clarify, to educate, if you will, partly because everybody was watching -- i won't name the news networks -- that were showing migrants coming, you know, in streams and masses through muddy fields, however sad those stories, they still represented a massive threat and that was popularized in the media and in this, you know, electoral season. and it was conflated to a certain extent with what's happening south of the united states border and the language there of illegal, irregular, and all of that made things and still do make things very difficult in terms of clarifying that these are refugees, notwithstanding u.s. history. i mean, we know as americ

a perfect example is elan shaya. >> thank you very much. and congratulations for that recognition on shaya. >> thank you mr. chairman. to start out, i want to make it clear. i, too, am concerned that the small business advocacy group didn't get a chance to provide comment. i think that with further debate we might have gotten more clarification on the need for this rule. but ms. mccutchen, right now the rule sits at $11 and i think 38 cents an hour. in north dakota the extension agency at ndsu does a study. they do a study that involves a single mom, two kids living in a very modest apartment with a very small car, spending only i think $50 a week on clothing. how much do you think they calculate in fargo she needs to earn to make ends meet in a 40-hour workweek? >> i am not aware of that study, so i do not know. >> okay. well, i will tell you, it is $24 an hour just to make ends meet. so what do you think the number should be? >> i think the number should be $35,000, but let me -- >> how do you calculate that? >> based on past methodologie

a perfect example is elan chaya. >> thank you very much. and congratulations for that recognition on chaya. >> to start out, i want to make it clear that i too am concerned that the small business advocacy group didn't get a chance to provide comment. i think that with further debate we might have gotten more clarification on the need for this rule. but ms. mccutchen, right now the rule sits at $11 and i think 38 cents an hour. in north dakota the extension agency at ndsu does a study. they do a study that involves a single mom, two kids living in a very modest apartment with a very small car, spending only i think $50 a week on clothing. how much do you think they calculate in fargo she needs to earn to make ends meet in a 40-hour workweek? >> i am not aware of that study, so i do not know. >> okay. well, i will tell you, it is $24 an hour just to make ends meet. so what do you think the number should be? >> i think the number should be $35,000, but let me -- >> how do you calculate that? >> based on past methodologies and the data that we

i read a quote from elan musq the other day that said building a company is like bake the cake. you have to have all of right ingredients in the right place. i think it's a balance of how much talent you have in what part of the organization. but i would say that which are very heavy on the product develop. side. and the marketing side. >> rose: warren buffett. >> yes. >> rose: is also a friend. >> yes. >> rose: of yours. >> yes. >> he, he likes people like you, entrepreneur y'alls, start your own business. >> yeah. >> rose: they also suggest that you join the giving fledge. >> yes. >> rose: which you have done. >> i have. >> rose: what does that mean for you? >> it is a great honor and i have so much gratitude for being a woman born in this moment in time in this country. an i feel that the world will be a better place if women are better utilized on the planet and have the opportunity to fulfill their potential. and so you know, my success if it can pay it forward in some small way to help further that just the best feeling. >> rose: is it possible. you were-- a young woman. h

. >> elan mask is doing the hula.n 9 rocket launch early this morning to put a satellite into orbit. a booster rocket made a controlled landing on an ocean platform. this is the third time that spacex returned with a rocket intact. they plan to reuse the rockets as early as this summer. you know him. he's got to feel good. >> absolutely. a couple stops didn't work. >> nice when it returns intact. >> when it works. >> nice when it works. >> if you're going up in >> welcome back to "cbs this morning." in this half hour, more than 2,000 earthquakes in less than seven years. we're not talking about california. we're talking about oklahoma. is it facing a seismic shift? "60 minutes" correspondent bill whitaker is in studio 57. hello, bill. >> good morning, gayle. how are you? >> charlie says "60 minutes" most prolific correspondent. did you hear that? >> that's what they tell me. >> he's joining us with a look at sunday's investigation. >> one of my many favorites. norah o'donnell is standing by in florida to preview the u

we're going to hear what elan musk had to say. >> donald trump not pull anything punches as usual on squawk this morning. his harsh words for janet yellen. >> and j.d. has outbased. >> i go over the ali baba -- i think the real takeaway is china, consumer spending is very good. that's my feeling. you think that's too brought, brought takeaway? >> ah, no. i mean, listen, this is the cleanest gauge you can get of consumer spending. the move to mobile, by the way, is really incredible and pronounced. now that, of course, is just something we've seen across the board when it comes to commerce, e-commer e-commerce. but the numbers were stark. they're now at 70% of china commerce retail revenue generated via mobile. >> you can see how it's pulling everything up. look, i think alibaba, for americans, it's just yahoo!. something's going on there. no! >> 34 million. it adds up, 5 bucks on alibaba. >> they could buy yelp. >> i don't think that's going to happen. if you recall there's actually a specific committee on the board of directors, also includes jeff smith that is selling the core busi

after elan washed up on the shore of turkey, there was an outpouring of sympathy and empathy and generosity that we were looking for for a long time around the syria crisis. shortly there after there was the paris bombing and famous passport that threw the refugee narrative topsy-turvy and san bernardino that brought it home to the united states. it was impossible for us to counter and clarify and he had indicate if, you will, partly because everybody was watching -- i won't name the news networks that were showing migrants coming, you know, in streams and masses through muddy fields, however, however sad those stories they still represented a massive threat. that was popularized in the media and in this electoral season. and it was conflated too a certain extent with what's happening south of the united states border. and the language there of illegal, irregular, and all of that, made things and still do make things very difficult in terms of clarifying that these are refugees, notwithstanding u.s. history. i mean, we know as americans who refugees are. we know about the immigration story

i would argue the same for figures like elan musk who is trying to figure out how to make the electric car not the compromised vehicle that we end up doing because it's the equivalent of eating our broccoli but the sexiest thing out there on the road, and this is a way of trying to take advantage of market mechanisms to make social change, to look at something like the difficulty of passing a widespread carbon tax in the united states right now and saying maybe we don't need that if it we can make things so appealing like having an electric car or putting solar panels on your house, maybe there's an alternative way of making change around this. possibly the most important and the most subtle form of change around this is around changing norms. and this is a place where the folks behind black lives matter have an enormous amount to teach us about the power of change through norms. so here's the thing about social norms. when we look at the epidemic of people of color being shot by police this is not a problem we're going to fix with law. it's already illegal to shoot an unarmed human be

as elan said my level of respect would raise ten fold.ot that they should at not that it's going to unsettle the market but it gives them a sense of krezability. >> let's go to that sound. now, here's what he had to say among other topics about the next potential rate hike. >> personally, i don't want to get in the business of trying to predict which month we're going to raise or how many times we're going to raise. i don't see the benefit to the markets of having me out there saying it's going to be one, two, three, four, and when it's going to be. i think we all need to react to the data. we're being transparent about that. whenever possible i'm going to push people to think about the long term rather than just the next meeting. >> fair enough,y lan, so what about june? >> in those forecasts every quarter they have to submit the number of times they expect to raise rates throughout the course of the year, where they expect rates to be by the end of the year. to say it's not part of his job, it actually is a big part of his job. >> it al

we have cnbc senior market's commentator mike santoli along with elan moise from the "washington post" and guy adami. welcome, guy. welcome, everybody. this keeps happening, a rinse and repeat over and over. but is there something broader or more troubling? >> we mentioned it yesterday. marked up 1%. second time in a week that that really happened. the push/pull is the same. there was a perception out there that we had a little bit of clear path ahead of us. good news was going to be good news for the economy because the fed was sidelining itself. maybe the fed is trying to nudge the market's perception of that a little in their direction and you've been talking about the flattening yield curve. there really has been no great demand for stocks. i would say below the surface, just a quick note, the cyclical areas didn't have as bad a day. it was the yield stocks. >> defensive type plays too. you think someone would go there to be safe. what are they trying to do? are they basically just saying we're going to go in june whether you believe it or not? >> they've been saying the same thin

corey elans, a former communications adviser to president obama and a partner at vox global.h. let me start with you, tammy, because it's not just what he said last night but what he says almost every campaign event he says, repeated, hillary clinton wants to abolish the 2 nd amendment. politifact looked into that, they investigated and they gave donald trump a false on that claim. "we found no evidence of clinton ever saying verbatim or suggesting explicitly she wants to abolish the 2nd amendment and the bulk of clinton's comments suggest the opposite. she's repeatedly said she wants to protect the right to bear arms." so tammy, is trump actually guilty of a blatant smear? >> no. not at all. quite the opposite as a matter of fact. you'll notice in that politifact statement they used the words "verbatim" and "explicitly." that's key with hillary clinton, she's vague when she speaks about things. when she's caught in private comments, not public events, it's clear what her position is. she said the supreme court decided wrongly about heller, the first scotus position, only one