meantime, let's trade tesla to elan musk babies in terms of companies that have started.r position in tesla is? >> i sold it. i don't want to make money riding a roller coaster. i dipped in. with all due respect this stock a roller coaster. >> i made money. i analyzed where the stock comes in, it should come in another $15. >> you are not looking to short it, though? >> no way would i short tesla. it's 25% shortages. >> how many cars are may they making right now? >> you want short at $198. it's $147. >> tesla, tesla. tesla. tesla. >> that is a freefall. you went in there. >> tesla. >> i love the laugh that went along, too. >> there was a lot of guy, no disrespect to you as well. you wanted to be short the name at $98. >> no, no, no, no, no, never. never. >> you would take 85 -- >> let's be clear. first of all, this isn't a stock i would item when i said i would look at it at 85 bucks, until it comes off its pedestal, they're making 900 units. they will make 200,000 by the end of the decade. i would not short this stock. >> the biggest mistake is they trade it off fundame

this elan musk has delivered the goods in the past. tesla motors reports it sold thousands of sedans in the last few months exceeding expectations. billionaire helped found by pal which changed the way we pay for things on line. running space x the first private company to send cargo to the international space station. the bottom line, this guy dreams big and delivers. jolene kent from the fox business network live in loveland, colorado, an hour north of denver. that's where a separate company is working on mockups of this hyper loop. show us how this might work, joe. it's like traveling in a really fast car. not a train, and way, way faster than a jet. we are here with a mockup from the leading technology developer in the field. et 3. check this out. this is a capsule that you would travel, in shep. you just have a seat in here. and this would actually take you from china to new york or visa versa in two hours. like you said, it feels light, like you are moving fast. and you would be able to oget out every 15 minutes. check it out. bu

by energy, if it seems far fetched you're not looking far enough into the future, you don't know elan musk. >> he's motivate bid taking on impossible tasks and being successful. >> musk developed pay pal and musk with his engineers developing the tesla electric car. he's not pairngtsly a person standing on past accomplishments. >> after you'd made your first billion dollars the second billion isn't going to do much for you. and if you want to really compete among your peers to show you're the smartest kid on the block you're going come up with bigger projects to take on. among billionaires that is what the status is. it isn't money. status is changing the world. >> the pods could leave every 30 seconds. as to cost, well, maybe $10 billin. the hyper loop system would not happen for keck yaids but i did say today he does plan to build a demonstration project he did not say where. so we have something to look forward to. >> that is pretty cool. >> very cool. >> thank you very much. >> spencer was saying almost the same thing to me after his first billion, the second billion just didn't do muc

this is elan musk., nbc's tom costello has more. >> what if getting from point a to point b no longer included trains, planes or automobiles. think the jet zorns, not jets. one of the world's most visionary entrepreneurs says it's no longer science fiction. >> it's concord and an air hockey table. >> l.a. to san francisco in just 30 minutes. it may sound crazy, consider elan musk's track record. the billionaire who founded paypal, was the first to dock with a space station. he has hyper loop passengers on a transportation system inside friction tuesday, similar to the ones used by bank tellers, passengers will travel up to 700 miles per hour. meanwhile, a california company called et3 has been working on similar technology for years. >> if there is a concerted effort to do it, that route can be built in a year or two. >> even if it works, critics say clearing the regulatory hurdles makes it impossible, at least in the near term. on the other hand, this is elan musk we are talking about the inspeculation

today billionaire entrepreneur elan musk revealed plans for a new transportation system. barry peterson reports from wjz on the inventer who is exploring the technology of hyper looping. >> it is ugly, made of styrofoam. yet this mock up may be a look into the future. it will take several billion bucks to build a system for sending these capsules down a sack -- vacuum sucked out to eliminate friction. the journey begins when the capsule moves through an air lock. colorado inventor daryl oyster calls his idea the transport technology and thinks it's an irresistible way to get the 400 miles from l.a. to san francisco in barely enough time to eat a tuna salad sandwich, forget the dessert. >> faster than jets. los angeles, san francisco how long? >> half an hour. >> half an hour? what i feel sitting in this capsule. >> like when you're in a corvette and push the throttle down all the way. >> reporter: if oyster sounds like a lonely inventor with nothing more than a lonely idea. consider elan musk who developed tesla, pay pal and -- now he plans to father and pay for something

billionaire elan musk revealed his plan for a high speed transit system.is an elevated solar power -- that's the problem i don't understand, train. it is in a tube that can whisk passengers from san fran to l.a. in 30 minutes at speeds up to 760 miles per hour. it is basically a larger version of the pneumatic tubes, remember those, which is pressurize air to propel the capsules inside. this is how i get to work. he founded paypal and tesla motors and says it would cost about $6 billion. it could pay are for itself for fares of $20 a person over 20 years. the current estimate for the high speed rail stands at $65 billion or the price of my new diamond crusted thong. i am wearing it now and it is miserable. let's discuss all of this, right? >> lightning rooooooouuuunnnnnddd. lightning round. >> that was perfect! >> nailed it. >> i would like to see you trapped in a box. >> it takes talent for that. >> sherrod, people are already nay saying. but they also say that about time travel. >> i think we should do it. it is like the jetsons. the tube that george jet

we should first make clear that elan musk does not plan to build the hyper loop himself.he idea and he hopes someone else will pick it up. are there any early takers? >> well, no one in particular has come forward, although there have been a couple tinkerers that have tweeted at elan and said, hey, i've duran up some ideas, what you do i? so far no corporate investors. >> musk says this can travel up to 800 miles per hour in aluminum pods. it sounds like it would be complicated technology but musk disagrees with the fact that it would be complicated? >> he says we already pretty much have the technology. an air hockey table, that's air, we have the tools already to make it. >> you wrote a cover story for "forbes" on elon musk. do you think this will be a new this evening f thing for him, introducing ideas for others to carry out? >> that's a really good point. the method in which he is talking about this is very elon musk. he has great ideas, very visionary. what is new is the fact he is saying this is an open source thing and he wants people to collaborate. so that is a

elan musk is set to reveal plans for a new transportation system. he calls it the hyper loop. it's faster than an airplane. he said when you ride inside you feel like you're inside a car vet with the gas pea tal down to the floor. it can reach up to 400 miles an hour. >> oh, my goodness. wow. that's not a long flight as it is but that would be cool. >> i used to shop in a department store as a kid and it looked like the chut. >> like at the bank. >>> still ahead, it's dry so far today. will the afternoon's heat bring some thunderstorms? >> first let's take a look at today's midday stocks. ,,,,,,,,,, all the chicken in your grocery store is inspected by the usda before it's packaged. but perdue asked the usda to go further...a lot further. in our hatcheries, feedmills and the family farms where our chickens are raised. they verify that all our chickens are fed an all-veggie diet, with no animal by-products... and they're cared for in a clean, safe environment. no other chicken company does this. but we believe this is what it takes to bring your family a tastier, more tender ch

in the meantime, elan musk.ravel as we know it today, for get to get -- forget the hyper loop, find out how jetblue is throwing elan musk for a loop. join us at projectluna.com neil: it would be the biggest airline in the word, today washington saying no way, suing merger between american airlines and u.s. airways claims that combo would drive up fares, is this lawsuit fair? that leads off biz blitz tonight. gary, what do you think, why this one? >> i'm going against the business. if this occurs for airlines -- 4 airlines will control over 80% of routes in u.s., over last couple of years, check how much you have been paying for air paiairfares and fees, it has bee obscene, ttere is too were monopoly. >> i don't think that the government should get involved. there will be 4 carriers that is definition of competition, 4 different carriers competing to bring prices down. i am not so sure that this justice deputy understands how business -- justice department understands how business works, airlines are in the busin

taking a look at the concept elan musk says would be like floating on >>> westbound albany traffic isjust inching along. it's -- they're shut down because of an accident there. four war cars in two middle lanes working on the story for you at sky 7 on the way. we're going try to get information for you. we'll have more for you on abc 7 news.com. >> repair work got underway today last week the county discovered five ought of eight sirens are broken officials say repair work should be finished by next september. alerts and telephone warnings will be used in the event of >>> coming up at 6:00 teachers, teaching rather teachers a look at expansion of science education program andit could not have come at a better time. >> and keeping mosquitoes away. whether a fan can protect you from those flying pest autos we'll see you tonight at 6:00. >> now a panel will hear an appeal from berkeley's mayor to save the city's main post office. the mayor and others want to block the postal servicegxt)x fm selling the building to a developer. the post office is on the national register of historic place

ceo elan musk says the company is hard at work with another vehicle. >> i have high confidence we iscompelling car for around $35,000. >> reporter: he also says he remains a believer in the future of sustainable transport. >> i wish it was going faster than it is. >> reporter: in the investor conference call, he says one of the biggest challenges the company is having right now is the issue of suppliers. suppliers cannot supply enough parts for the company to build all the cars that it wants. ,, get 3 years interest-free financing on brand name mattress sets. plus, get free delivery and sleep train's 100-day low price guarantee. sleep train's interest-free for 3 event ends sunday! ♪ your ticket to a better night's sleep ♪ what areow! that hurt!k there? no, no, no, no. you can't go to school like this, c'mon. don't do it! no! (mom vo) you never know what life's gonna throw at you. if i gotta wear clothes, you gotta wear clothes. (mom vo) that's why i got a subaru. i just pulled up. he did what now? no he's never done that before! oh really? i might have some clothes in the car. (annou

. >>> elan musk released a 57 page design of elevated tube that would propel passenger pods up to 800 miles per hour. it would take 30 minutes to travel from san francisco to los angeles. he's willing to invest in the project but trying to get other people interested. he is ceo of teslon motors. and co-founder of paypal. >> coming up in our 5:00 hour, what we know and what we don't know about a major drug bust. >> plus, the reason the transgender is important for young people. >> there is a new crash in the east bay northbound on 880. not causing a big traffic jam. looking at a live picture of westbound 24. that also looks good from walnut creek to oakland. >> a lot less fog this morning. and temperatures, efshg is pointing towards a warmup. we'll explain how much of a warmup and how much longer it will last. that's the key looking ahead. >>> welcome back. time now is 4:44. a woman reported missing after this powerful mud slide in colorado has been found. police say she is safe and doing fine. that means all three missing people have been found. one person did die in friday's slide. h

if anyone can build a magic sell the of tubes, it's elan musk. with tesla to actually build it. he's going to provide the plans, walk people through in a teleconference this afternoon. as you guys know he's quite remarkable. here's a guy who decided to build rockets. he did that with space-x. sent capsules to the international space station. ayman launch soon. he's the chairman of the board $g2t) solarcity, a very successful company. in his day job he works at tesla. not bad at all. back to you. >> a deep resume. that's what you call that. >> that's a busy dude. >> i don't know. >> not enough hours in the day. nice work. >>> in an unusual campaign stunt, norway's prime minister dressed up as a taxi driver and took passengers around oslo. candid moments when passenger realized that's stoltenberg. he said the point was to find out what people really think since a taxi cab is where honest conversations happen. brand new taxi confessions. norway's election is set for next month. no word on how many tips he may have garnered. >> played candid camera

elan musk broke the mold proposing a form of transportation. >> decades from now this, may be highlyollectable. whether the man backing it is elna musk... he has physical ability and insight to accomplish seemingly impossible task autos another, today proposing a system called hyper loop to connect cities. pods traveling on small cushions of compressed air through tubes in a near vacuum poweredly electrical motors and kinetic energy they'd travel at hundreds even thousands of miles per hour. >> it would feel like being in an airplane. once travel agent speed you won't notice the speed. >> musk developed pay pal, transitioned space flight to commercial sector, and musk with his engineers developed a tesla electric car. >> what is fascinating to me about elan is of hyper entrepreneurs he says any system would be decades away. it's development, a product not only of engineering but a big project philosophy. >> among billionaires that is what status is. changing the world. be derailed. he foe sees pods leaving every 30 seconds. and he says today he plans to build a demonstration project.

. >> well, elan musk getting attention for yet another new pro jechblgt. >> check this out.company tested out a 10 story tall rocket that can move side ways. it moved in mid air. isn't that wild? then landed on the launch pad. >> developing the rocket to be reusable. this week musk unveiled his vision of the hyper loop. he says would wisk passengers from san francisco to l.a. in half an hour. >> just ahead tonight we're going to have latest on crack down in egypt where dozens of head. people are watching closely. some tell us it's justified. >> problems for the 787 dream liner. >> the powerful new tool from google promising to make it easier to search for just about anything >>> a state of emergency tonight in cairo. a curfew is in effect following a crack down on supporters of former egyptian president morsi. death toll now reached 278 with health ministry reporting 43 members of the egypt police force among those killed. the assault after days of warns that replacing morsi when forced out july 3 coup. >> well, abc 7 news mark math use has been listening to egyptian america

you can see traffic moving >>> silicon valley inventor he'llan -- elan musk says he's taken a fictionalaracter and makes it real. in the movie designing suits and now, musk does another thing. says he found a way to design rocket parts using the same technique. he says he can send the designs to a three-d printer making the parts out of titanium. he says he will unveil this on thursday but has no plans to make his own suit. >> two tv stars return to the screen. >> chamber of commerce honored the actor a star on the walk of fame. celebrating with hundreds of fans. diesel best known for "fast and furious" franchise. >> the white house called him, he didn't call the white house. >> "the dutler" earned $17 million in second was "we're the millerses" amy star in the comedy. years of television made the stage more nerve-racking. >> the mind is a terrible thing. you know? you're like what if i forget something? >> it plays in l.a. until september 22. get more headlines at otrc.com. >> still ahead there is a crisis in syria. the obama administration's strongest words yet for the country's presi

elan musk broke the mold proposing a form of transportation. >> decades from now this, may be highlyectable. whether the man backing it is elna musk... he has physical ability and insight to accomplish seemingly impossible task autos another, today proposing a system called hyper loop to connect cities. pods traveling on small cushions of compressed air through tubes in a near vacuum poweredly electrical motors and kinetic energy they'd travel at hundreds even thousands of miles per hour. >> it would feel like being in an airplane. once travel agent speed you won't notice the speed. >> musk developed pay pal, transitioned space flight to commercial sector, and musk with his engineers developed a tesla electric car. >> what is fascinating to me about elan is that he is of hyper entrepreneurs he says any system would be decades away. it's development, a product not only of engineering but a big project philosophy. >> among billionaires that is what status is. changing the world. be derailed. he foe sees pods leaving every 30 seconds. and he says today he plans to build a demonstration

another project by silicon valley inventor elan musk getting attention today, his company tested on a-story tall rocket. watch this can fly sideways, moving about 300 feet back and forth and then, landed back perfectly on the launch pad. space x developing the rocket reusable to save money. this week musk n unveiled hyper loop a new concept he says could shuttle passengers from san francisco to los angeles in just half an hour, he's got a lot of idea autos that is cool. >> yes. >> right? >> aol's ceo makes a rare pub lake polling. cisco is laying off thousands. >> cory johnson is rif at bloomberg west can w.today's after the bell report and out sirkd enjoying sunshine. cory? >> yes. it's a beautiful day. why not? we oflten are close to you guys. job cuts as the company posted revenues in the 4th quarter. kpt says goitsing to eliminate 4,000 jobs and saying demand is inconsistent. game over for zynga. he tries to put a stamp on the struggling social game maker. explaining changes were taking executives out of senior ranks. and aol's ceo issued ab an apology saying he was sorry for the

in 1998 he started paypal with peter tiel and elan musk, four years later the company was bought from ebay for $1.5 billion. he has since launched a variety of companies. he started the customer view site yelp of which he is chairman. in 2010 he sold his social media company slide to google for $182 million. his latest project is a tech incubator hvf. i'm pleased to have him here at this table for the first time. but this not the first time i have met him so welcome. >> thank you. >> rose: yours is an interesting story. so bear with me so i talk about biography for a second. born in the ukraine. >> correct. >> rose: your mother was a scientist. your father was a playwright. what a great combination, you know. there is a culture there. there's both sides of your brain have been full of dna from both parents. >> i like to believe so. >> rose: and you had in an interesting way a series of doctors predict that you would not live that much longer because of bronchitis. >> that is true. i'm amazed at your level of information. but that is true. my parents were apparently told several times

. >> well, elan musk getting attention for yet another new pro jechblgt. >> check this out. tested out a 10 story tall rocket that can move side ways. it moved in mid air. isn't that wild? then landed on the launch pad. >> developing the rocket reusable. this week musk unveiled his vision of the hyper loop. he says would wisk passengers from san francisco to l.a. in half an hour. >> just ahead tonight we're going to have latest on crack down in egypt where dozens of head. people are watching closely. some tell us it's justified. >> problems for the 787 dream liner. >> the powerful female narrator: it's posturepedic versus beautyrest it's posturepedic versus beautyrest with up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. mattress price wars are on now at sleep train. ♪ your ticket to a better night's sleep ♪ want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. del

. >> if he sounds like a lonely inventor, consider elan musk who made his billions creating electricnline payment system papal and space x. they're a big fan of moving people without cars. >> you just see a carpet of cars that aren't moving and it's like, wow, how much misery is that causing and surely there's something we can do about it. >> now musk plans to help pay for what he calls the hyper loop, using that livation like used in japan. up next, extend the system across the country and then the world. >> new york to bejing? >> 2 hours. >> wow. >> if they have their way, this will be some ticket to ride. barry peterson in denver. >> a high speed train is being considered in california and it's higher. i like it. >> i do too ful -- i do too. >>> emergency in the air, a cable car accident believes dozens of tourists stranded. details on what happened. >>> new developments in the murder case of patriots player aaron hernandez. why investigators are looking at his fiancee. >>> sun and clouds outside but storms could be on the way. bob turk has the updated first warning weather foreca

. >> there are some people that make a ton of money dealing with government like elan musk, i am surehey put a fine electric car together butly is taking money from federal government and done well as a result. so, all of in struggling business people out there looking at example of musk and other guys not doing so well because of they have a public profile that against bigger government. neil: thank you very much. all right, you heard it from mel. >> president obama has canceled a meeting with putin, because of snowden. i mean,. neil: it is a one-on-one. >> that is the most important, if this occurred, i would have flown there to meet with him to straighten it out they hate i've other. >> who cares that is business. >> here is joe with why he thinks mel is wrong. the boys used double mis from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with doub

in the meantime, elan musk. ravel as we know it today, for get to get -- forget the hyper loop, find out how jetblue is throwing elan my mother madehe best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it ppen. i'm janet long and i formed my toee company through legalzoom. never really thought i would make money doing what i lo. [ robert ] we created legalzm to help people start their siness and launch their dreams. go to legalzoom.com today and make your business dream a reality. neil: it would be the biggest airline in the word, today washington saying no w, suing merger between american airlines and u.s. airways claims that combo would drivep fares, is this lawsuit fair? that leads off biz blitz tonight. gary what do you think, why this o? >> i'm going against the business. if this occurs for airlines -- 4 airlines will control over 80% of routes in u.s., over lt couple ofears, check how mh you have been paying for air paiairfares and

billionaire elan musk talks about his hyper loop transport system. i love it because of the name.es to san francisco in 30 minutes. we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an important role. that includes continually providing more options. giving people easy ways to help make informed choices. and offering portion controlled versions of our most popular drinks. it also means working with our industry to voluntarily change what's offered in schools. but beating obesity will take continued action by all of us, based on one simple common sense fact... all calories count. and if you eat and drink more calories than you burn off, you'll gain weight. that goes for coca-cola, and everything else with calories. finding a solution will take all of us. but at coca-cola, we know when people come together, good things happen. to learn more, visit coke.com/comingtogether ♪ hooking up the country whelping business run ♪ ♪ build! we're investing big to k

if i was, i would go with elan musk, solar city. >> say it like you do tesla. >> solar city. >> greatgher? >> i do. i would say that the risk to this trade is as we get into september, if the sentiment says we're not going to get the taper, then i think there is a risk to the trade. the numbers today, the economic numbers today were enough for me to say a september taper. >> dollar down is it good for cat? >> we think the dollar is going to continue to be strong and in the mining sector it's going to continue to be weak from a strong dollar. i think you want to avoid cat here at all costs. >> the other tweet was does grasso smell as good as he looks. >> the answer is? >> oh, no. >> solar city. >> karen, you're also short cat pillar? >> i am. we talked about this a little bit the other day. to me it's a little bit of a concern about some of their -- how they account for some of their sales. i'm not saying there is anything fraudulent here but they're serial missers. why do they guide and miss so seemly short after. >> first move tomorrow when we come right back. stay tuned. [ male anno

. >> there are some people that make a ton of mon dealing with government like elan musk, i am sure theyine electric car together butly is taking money from federal government and done well as a result. so, all of in struggling business people out there looking at example of musk and other guys not doing so well because of they have a public profile that against bigger government. neil: thank you very much. all right, you heard it fro mel. >> president obama has canceled a meeting with putin because of snowden. i mean,. neil: it is a one-on-one. >> that is the most important, if this occurred, i would have flown there to meet with him to straighten it out they hate i've other. >> who cares that is business. >> who cares that is business. >> here is if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalat

feels that twitter is value added, considering the fact that he owns stock twits is like asking elan muskrefers a tesla over the porsche or asking josh brown if he prefers jones beach to the jersey shore, even asking guy whether he prefers pasta to a lovely fillet. >> those are great meta fors. >> twitter has some value to the day trader, has little or no value to the real long term investor. i went off because i felt that the digital feed of twitter empowers a number of mean, weak, angry, misinformed people who hide under the shroud of anonymity. to me life is too short to be a punching bag for small people with large egos. >> tim makes a good point, why not block these people so you can enjoy what twitter brings is which you information and maybe insights from other people who aren't mean and bullying. >> haters are capable of unblocking themselves. i've learned that these haters are flawed and sometimes very flawed and often have an alter yor motive. >> let's get back to business, doug. what are your views of the markets right now? are you cautious? are you net short? >> i start with t

billionaire elan musk unveil ed a system called hyper loop.released a 57 page design of a tube that would propel passenger pods up to 800 miles an hour. you could travel from san francisco to la in 30 minutes. he's willing to invest in the hyper loop project but he wants to get other people interested in building it. he is the ceo of tesla motors and space x and a co-founder of paypal. >>> cvs has a new policy. if you want to buy nail polish remover you have to bring in your id and be at least 18 years old. customers will be whether i am theed in the a-- will be limited in the amount they will be able to buy. trying to control the purchase of acetone. acetone can be used to make the drug meth. >> a wave of smash and grab burglaries in silicon valley. katie joins us now to explain why the thieves are targeting palo alto. >> reporter: well, police say the theefks are hitting -- thieves are hitting rental cars. many travel here to come for business. those folks are carrying laptops and other devices that make them targets. the parking garages are

you know, china as elan musk has said is a bit of a wild card.imately tesla expects a third of their demand to come from north america, one-third from asia, one-third from europe and ultimately this company is a market share play on the 1.5 trillion auto market. >> andrea, this is herb. you know, when we look at this company and look at the profits or lack thereof or whatever they are going to be. the some got the pop after they reported the profit and this quarter people don't expect a profit. whatever they have is low quality. why should we not care about the quality of the numbers they are reporting? >> simply because the gap profitability does not reflect what's actually going on with the company. they have to defer a lot of money, so say they sell $100,000 car, they will only be able to recognize maybe 4% of that revenue in the quarter. the rest of it they will have to defer, so what investors will have to do is look below the gap numbers and lock at what's actually going on with the cash flow. >> how long do you cut them that slack on a com

up getting recruited to silicon valley and before long found my way to x.com which was started by elan musk. and that's where i learned the ropes, starting writing code, building software, consumer internet stuff. and that company merged with confinity and really became paypal. so i had this incredible ride with paypal over three and a half years, went from engineer into engineering management and ultimately left as v.p. of engineering after ebay acquired the company. >> rose: so-called paypal mafia. >> i'm part of the paypal mafia, yeah. fortunately it's not violent. >> rose: are you on the famous picture? >> i am. i have a mustache, and i'm in the background in a track suit. >> rose: so yelp was about an idea. was it also in a sense saying this is a way we can make money or is it let's give this a good try? >> for me it was always about the consumer experience. that's the thing that gets me excited. so i wanted to solve the problem. we felt like if you're able to connect people with great local businesses, people are coming to a site to find businesses, those are transactions, there will

in 1998 he started paypal with peter tiel and elan musk, four years later the company was bought from ebay for $1.5 billion. he has since launched a variety of companies. he started the customer view site yelp of which he is chairman. in 2010 he sold his social media company slide to google for $182 million. his latest project is a tech incubator hvf. i'm pleased to have him here at this table for the first time. but this not the first time i have met him so welcome. >> thank you. >> rose: yours is an interesting story. so bear with me so i talk about biography for a second. born in the ukraine. >> correct. >> rose: your mother was a scientist. your father was a playwright. what a great combination, you know. there is a culture there. there's both sides of your brain have been full of dna from both parents. >> i like to believe so. >> rose: and you had in an interesting way a series of doctors predict that you would not live that much longer because of bronchitis. >> that is true. i'm amazed at your level of information. but that is true. my parents were apparently told several times

your company, darrell, has met with elan musk, developed the technology for more than a decade.ll me where you guys are in terms of developing the high speed tube transit. it's happening so we can, you know, go for a ride. >> yes, we are ready right now to take what we learned, but with over a dozen years of research in this field, taking what we learned from the prototypes we built, ng models that we built, and this mockup that we built, putting it all together in a three mile demo that will showcase all of the elements necessary to operate at 37 # 5 miles per hour -- 375 miles per hour on statewide basis and network it like cars op a freeway. >> this is interesting because you guys are privately held company, but you have over 270 # companies participating in your con consortium in how many countries? >> 20 nations. >> amazing. this is the model; right? this is what we climb into. can we have a seat? >> sure. >> all right, let's go. we're getting into this tube transport. this green would be inside what you call a capsule; right? >> correct. this is the inside capsule, and whe

elan musk unveiled a plan for new transportation to reduce travel time between los angeles and san francisco to just 30 minutes. the hyper loop could reach speeds of up to 700 miles per hour using airless low friction tubes. he says his invention would cost less than $6 billion and transport over 7 million people each year. >> "l.a. times" construns on california's shovel ready bullet train may not begin until 2014. that's not very shovel ready. >> two years behind schedule the bullet train project will cost an estimated $68 billion and would link san francisco to san diego, california. california was awarded stimulus money for the train from the white house three years ago that it must pay back by 2017. >> shovel ready in 2009 and we still have two more years to go. >> ridiculous. >> it is. >> "mem miss commercial appeal" a mother plans to appeal a controversial ruling on her baby's name. the parents of 7-month-old baby messiah were in court to settle a dispute over his last name. >> what? >> judge baloo ordered his entire name to be changed saying, quote, the word messiah is a title, a tit

if elan musk has his way the hyperloop will make it possible.est venture. guys, good morning. go. >> good morning. >> han a first of all, have you gleaned anything about the hyperloop and the intentions here from spending time with him? >> unfortunately i haven't. the most recent word i have from elan is what he told reporters on a conference call last week which is that he might have stuck his foot in his mouth a little bit when he started talking about the hyperloop because it is highly speculative. >> it is interesting, right? given that, and the fact that a lot of people after he made this announcement or sort of saying, okay, well, it is suggesting all of these promises, can you follow through? it doesn't sound like we'll get more detail today. >> it will be interesting to hear what he has to say and he said it is an open source idea and he is hoping that a lot of people contribute, so we'll find out a lot more today, i hope. >> drew, is this a step too far for elon musk? >> i give him a lot of credit actually for that comment that hannah r

search for a way to build the hyperloop before elan musk does and emily writes by posing for vogue'sver, it is not the cover, marissa mayer is in the september issue of vogue. >> upside down. >> upside down on a chair as you point out on friday. >> a white plastic chair. >> that was a half eye roll. >> i was conflicted. i didn't know whether i liked her more for doing it or appalled. i have no idea. >> i am not sure what the stock has done today. they did appoint their interim chairman that had been interim chairman for several months as the permanent chair so a little more stability in the management structure obviously. >> i think alba ba is talking to the hong kong exchanges about ipo as well. >> and jacob weisberg who interviewed for the profile will join us in a couple minutes. >> in the meantime we continue to watch the dow very flat directionally overall even though some of the components are up and down, we do continue to see a split i think on housing names and retail names. lennar is a big loser but earlier penny and others that were going to report are on the upside. >> do

elan musk says he is confident with a 25% gross profit for the quarter. last night, he was asked what he thinks about bmw's electric car. the i-3. >> well, i'm glad bmw is bringing an electric car to market. that's cool. but i think that it's -- there's room to improve and i hope they do. my comments about -- sorry. yeah. anyway. >> yeah. good times. good times. apparently elon thought that was hilarious, the notion that bmw has room to improve. >> yeah. what was he laughing at? laughing at the idea -- >> he says they have -- they could improve. i hope they do. ha-ha-ha. competitive juice. >> skeptical laugh, in other words, that they could do it? >> i woulds a soon as one of their chief rivals in this space, he is, yeah, skeptical. >> laughing them off. >> yeah. >> i would think so. you can't laugh off the stock. it's triple this year. this was a $30 stock in march. just keep that in mind. it's going to open up almost 15% today. market cap does go to 18 billion, sam. some people look at tesla saying, what. it's the quarter, the market cap of general moto