i like the control of driving. >> elan musk said ai is a threat to the human race.ack to that in about ten minutes time. >> see you soon. >>> coming up, lots of big earnings on tap. we will tell you what to wch ay tuned "worldwide exchange," cnbc their experience is coveted. their leadership is instinctive. they're experts in things you haven't heard of - researchers of technologies that one day, you will. some call them the best of the best. some call them veterans. we call them our team. for the never-before-seen two sided clean, just add water. one side deeply exfoliates the other gently smooths and a flexible body cleanser inside lathers for a close, complete clean. just hang your duo to dry after each use, for day-after-day of touchably soft skin. find your duo in the bodywash aisle. available in olay, old spice and ivory. >>> welcome back to "worldwide exchange." u.s. futures this morning are mixed at the moment. after a week we gained almost 2% for the nasdaq, 1% for the dow joining us, michelle gerard, chief u.s. economist >> good morning. >> start with the

and elan musk has even said this.e said, there's a lot of pressure on him to keep the expectations up. >> reporter: speaking of elan musk, he's expected to be there tomorrow as well. what do you anticipate him saying? >> well, i will be looking at -- well, hoping for talk on when customers will be able to get their hands on these vehicles. about 400,000 people have plopped down thousands of the dollars to invest in these cars. maybe we'll hear by the end of the year customers will be getting their cars to begin with. >> that's a long line of people, though! >> that's a long line. he was saying if you were to put that $1,000 down today, it would probably be late next year until you get your vehicle. >> what do you think that says about the demand of this car? >> a lot of demand. you the blake shelton one thing to reserve a car and then to plop down a lot more for that vehicle. >> reporter: tomorrow's event will be streamed live? >> you can go to tesla.com. tesla put it on twitter you can watch it at 8:45. there's also

this generation we have elan musk and jeff bezos who are both, i mean, all over the place in terms ofpace and groceries and, you know, electronic cars but we'll see who can execute, right? >> yeah, jeff also appears to be ready to participate in the cross fit games. so i wouldn't get too close to him and say anything negative about amazon >> that would be a showdown. you know, we used to have battle of the network stars on abc in the '70s costelo and baezos doing tire pickups. >> jeff would hurt me with his left hand. i wouldn't get too close to. that. >> dick, always a pleasure having you thank you for your time. hopefully next time you're in new york >> thanks. >> we should mention, markets are lower. they hit the lows after jeff sessions was denying he would step down in a press conference this morning the dow down about 30. yesterday's report that more than 130 people fell ill at that chipotle with symptoms of neurovirus they said while the restaurant was closed multiple teams performed complete sanitize to allst businesses and then earlier this morning, we showed you some disturb

than elan musk. he's applied it in four companies. he's invested $100 million in other people's companies to try to grow it elan is right. when i talk about the lawyer being replaced in 60% to 70% of the work being replaced, we're sitting here nodding that it seems realistic. >> i'm not nodding. >> what percentage do you think will be replaced by a.i. in ten years, jon >> i can't see a.i. doing a good job at criminal defense. >> okay, sure. so leave out the less third. my question to you remains the same, what percentage of an attorney's job 10 to 15 years from now is replaceable by a.i.? >> it will taken a eternity for me to answer that, so i'm -- >> you're taking the fifth commentary, we're good we're good a.i.'s not going to do better than us. >> i'm just wondering, to wrap it up, as we await the amazon results tomorrow, apple next week, at what point do you talk about bubble evaluation when seeing the companies combine, the bank stocks and apple, bigger than what, the economy of a place like the u.k.? >> well, first of all, we just

to passenger and the entertainment experience going to be critically important >> roger, why does elan musk keep talking about tesla stock this way first of all, who values a stock based on the past and present? of course you value it on what you expect to happen in the future so why do you think he keeps talking about the stock in these sell for stock deprecating ways and then revising it >> well, you know, i have no clue and i'm as mystified as you are. the company is clearly at a moment of truth. the new product is the first real mass market product that they've got. and we're going to find out over the next three or four quarters exactly, you know, what the dispute going to look like so it may simply be that we're at the moment of truth and everybody's just waiting for the big reveal and, you know, i honestly -- i have no idea why he uses that language what is obvious to me is that he loves the spotlight. and, you know, when it is shining and you're improvising, you know, words come out of your mouth and sometimes you have to live with them. >> roger, you're suggesting the metric that d

i think part is genuine concern about who controls it and if large corporations not elan musk controlhese things he's been involved in open ai. he's been involved in all kinds of things. i think it's very easy to do the idea of the machines are going to come and kill us one day. i was with someone smart yesterday having dinner and they said, you know, the wi fi is so bad i'm not sure machines can take over. wi fi was bad in san francisco yesterday. it was just funny. it was an odd thing to think b. >> will machines fix the wi-f snichlt forget about going self aware. >> it s it's a combination ai, automation, robotics you got to -- you really have to bring them all together and think about where the government has to play in these three areas especially around driving, especially around health care, especially around all kinds of things it really does move very quickly into a really interesting scenario and a disturbing one around jobs which is really the point of the whole thing >> speaking of disturbing, kara, the culture in silicon valley hitting crisis mode with sexual harassment a

then elan musk said i have talked to mark about this, and his knowledge on the subject of a.i.very limited well, just watch it spiral we will talk about that coming up right here on ""squawk box."" >> we look forward to that, and what you suggested might happen between yourselves >> that's a de-tease >> we look forward to that in eight minutes time >> u.s. futures. let's have a quick look. the nasdaq led the market higher yesterday and had another record close. it's down this morning because of those disappointing alphabet earnings that andrew just mentioned. the s&p and dow holding on to slight gains in the premarket. let's talk to director of global macroat fidelity investments good morning to you. thanks very much for joining us. i suppose the question for the market continues to be can the tech sector continue to hold things together, and does that dough cline we've seen in alphabet stock overnight concern you at all >> not really. i mean, the whole fang trade took a brief pause about a month ago, and it has come way back and is even stronger than it has been, and i continu

. >> finally, dick, speaking of twitter, some comments from elan musk whom we talked about the last timeou were on the show over comments made by facebook's mark zuckerberg. he said, "people who are naysayers and try to drum up the doomsday scenarios, i don't understand it. i actually think it's pretty irresponsible. and to that, musk tweets, i talked to mark about this. his understanding of the subject is limited this is getting spicy, dick. do you take a side on this >> well, first of all, i'll play diplomat and say i think what elan musk meant to say is that mark's view of this is optimistic i do tend to take the more pessimistic view that it will be hard to keep general ai in a box by which i mean if you hypothesize that we could create intelligence greater than ours, it's pretty easy to jum frp there to think that that intelligence would be able to figure its way out of any sort of logical box you tried to put it in. mark tends to be much more of an optimist on the future of technology i think that's what you're seeing here. >> dick, i'm surprised that this is controversial at all.

our phil lebeau joins us now with more on elan musk's comments from the delivery event.eing in production hell? that got a chuckle or two out of folks. we're going to see tesla go through is a ramp up in production that will test the company. they did deliver the first model threes on friday night at their factory outside free monlt, california they also updated the reservation book now having more than a half million reservations for the model 3. they're going to start working through. that the production target for next year is the one that people are focused on tesla says they intend to build 500,000 vehicles next year that's about a five fold increase from where they are this year. the initial model 3s are the long range versions. the ones that sell for $44,000 here's elan musk at the event friday night talking about the challenge facing tesla when it comes to increasing production >> how do we build a huge number of cars? i mean, frankly, we're going to be in production hell. welcome. welcome. welcome to production hell that's going to be where we are for at least s

$600 million, in aid to schools lining penn state, lincoln, and the university of pennsylvania. >>> elan muskto build high speed underground transportation system. in a twitter post, musk explained the hyper loop would shuttle commuters from the big apple to the nation's capitol in under 30 minutes. transportation system would whisk not just people but also cars, even bikes, through a system of underground tunnels at airliner speeds. musk adds the hyper loop would make stops in baltimore and in philadelphia on the way. >> we go back and forth between dc and new york all the time. and when we don't go it is because it takes so long. >> i've always been thinking if it was only faster it would be lot more people would travel. and if it really happens i would love it. >> meet too. musk did not elaborate who gave him that verbal approval but something real interesting philadelphia officials say they've had no contact whatsoever with misk so stands by. up next in the health watch. sugary drinks and how they can decrease your metabolism when mixed with certain foods. >> plus: there are summertime fa

. >> tesla executives declined our interview requests and referenced tweets by elan musk.over party for customers. production grows exponential. august, 100, september, 1500. it looks like we can reach 20,000 model three cars per month in december. his optimism comes amide troubling news for the electric auto maker. tesla slipped to number three in ranking for autonomous vehicles behind ford and gm. those two car companies and others are investing heavily in self driving vehicle technology that will rival tesla. add to this the steepest tesla weekly stock drop since 2016 due to flat quarterly sales and questions about the company's ability to meet production demands. >> it goes up and goes down and you know, with the luxury that comes with tesla too, i do appreciate that in the vehicle. you know, you're going to pay this much for a car. you might as well get one that's nice inside. >> the ranking didn't matter to you. >> no, i don't think so. >> what doesn't matter to tesla loyalists or industry analysts is time. experts say the company needs to focus on maintaining qualit

elan musk received a verbal approval to build an underground hyper loop between d.c.ork our next guests are in new york and d.c. at this moment f this company project could go through, they could see each other in less than a half hour joining us this morning, chairman of the industry of advisory board for the nyu civil engineering department as well as the former mta capital construction company president and jim is an economic analyst at the american enterprise institute. gentlemen, good to see you both. >> good morning. >> good morning. >> michael, let's set aside the discussion for now about what verbal approval really means just from an engineering standpoint, how is 29 minutes possible >> well, if you fly, it's possible, that's for for sure. but the thing to look at is that we are talking about the 250 miles, maybe 230 miles so to do it in half an hour, you will have to travel quite fast, approaching 500 miles an hour. that's something that is yet to be achieved. the fastest maglev trains are right now doing about 350 miles an hour. and that assumes no stops, th

tesla following remarks made by ceo elan musk saying the company was overvalued.th more. good morning. >> good morning, lewis. yes, on netflix they smashed estimates, didn't they, on subscriber numbers. they also delivered a healthy beat when it came to revenue. they actually reported a slight miss on earnings, but did this bother investors? not remotely. they sent the stock soaring around 10% in after hours trade. even higher to actually beat the all-time are a intraday high. what investors really liked here was the fact that international subscribers grew so. more than expectations. now international actually outpaces the number of domestic. one stock that was not doing so well is tesla. and that's because the ceo elan musk took the unusual step for a ceo of trying to talk down the share price. he made comments over the weekend saying that the stock has a lot of optimism embedded and didn't actually deserve to be so high. unsurprisingly, shares slid by around 2.5% yesterday, and this follows a really rough few weeks for the stock. it's fallen off by one-fifth si

elan musk saying going from 100 to 1500 and then in december perhaps producing 20,000 per month. if my math is correct thashgsz going to be three times the rate pretty much that tesla has ever produced a car before how much should investors be concerned about what happens to the stock if they don't hit the targets? >> so i think expectations on the buy side are that will be two to three quarters delayed on those sorts of numbers the fact that company is out putting those numbers in the public realm now just as they begin to start the ramp i think is a level of confidence that we haven't seen from them and quite some time on a ramp like this. so, you know, we have to see how things shake out and how things ramp there is always a surprise with this sort of thing but i think this is a very good day for tesla that they're starting early and feeling confident. >> now the past colin, wall street is forgiving when they have note met the targets. do you expect that to continue >> yeah. i don't see any reason why it wouldn't continue at this point. company has been making very judicious a

people like usly elan musk and space x have been the nasa aspect of space exploration, maybe we can a test program air traffic ontrol system, but for general aviation -- host: caller, thank you, thank you. guest: i appreciate it. point, you make some excellent points, you mentioned petco reagan and the strike with air traffic controllers. it is important to note, if this law in the '80s, president reagan's power would not minished and he would be able to address the strike. in fact, if you look at this bill, the president only has war-time emergency powers authority. is after s what, that the mess has happened and you hand it over to the president it.say, fix it's too late at that point. of other thing in terms safety, 88 to 90,000 flights per day handled in the united states and yet when is last time anyone an remember an airliner even regional jet that crashed with fatality? in ack to january 2009 buffalo, where you had regional jet that crashed and that was to improper air traffic control handling. so we have the safest system in world. we often hear comparisons to europe and canad

if space xceo elan musk realizes his dream of being underground super high speed pod could it happen's not going to look like that at all. nyi. [ laughter ] >> new jersey transi. >> exactly he just got the okay to build a hyper loop connecting new york, philadelphia, baltimore and d.c. 29 minutes for the trip. he got government approval but he's not saying exact who'll from. >> i'm all in. >> are you. >> i could live in new york, work in d.c., 29 minutes. >> i'm there. >> you're in this pod. what if it gets stuck underground. claustrophobes are not happy about this. >> i'm with it. ♪ >>> she was just nominated for another tony, he just gave me a bit of a . it's "watch what happens live" with patti lupone ask christopher meloni now. ♪ >> welcome to "watch what happens live." i'm andy cohen live in the bravo clubhouse with a woman who's the object of my affection and a man i plan to objectify affectionately. a broadway living legend i absolutely abhor, her tony nominated performance in "war paint" proves i am not alone. please welcome back the great patti lupone, everybody. and from oz

if space xceo elan musk realizes his dream of being underground super high speed pod could it happenat's not going to look like that at all. nyi. [ laughter ] >> new jersey transi. >> exactly he just got the okay to build a hyper loop connecting new york, philadelphia, baltimore and d.c. 29 minutes for the trip. he got government approval but he's not saying exact who'll from. >> i'm all in. >> are you. >> i could live in new york, work in d.c., 29 minutes. >> i'm there. >> you're in this pod. what if it gets stuck underground. claustrophobes are not happypy >>> happening right now on "good day philadelphia" break ing overnight disabled man shot and killed during a home invasion and his caretaker also shot, we will take you to the scene in a live report. >>> also don't have to tell you the heat is on and get ready for another scorcher. we have team coverage this morning looking at radar, sue. >> that is just cloud, satellite picture. >> there is no rain in the forecast. usually cools us off. not the case here. sue will have you covered. we have team coverage with our jenny joyce as w

. >>> elan musks hyper loop c >>> a tweet sent by tesla got the internet buzzing today.en given the green light by the government to start building hyperloop which super fast transportation through a tunnel. >> the bay area is part of the plan. we have the story about the impact. >> reporter: cars can glide smoothly at speeds. hyperloop is fast. the concept that a handful of companies are taking on, but it was tesla who sent the internet into a flurry when he tweeted, just received verbal government approval for the boring company to build a hyperloop. >> it's up to elon to show the world that it will work. god bless him if he can. he's done it before. >> reporter: musk has shown off a drill that's being used to bore a tunnel in l.a. it's an effort to show that tunnels are the future of transportation. hyperloop is part of the solution. in a follow up defeat, he addressed the west coast saying tunnels would be built to alleviate l.a. urban con gues n guesten. >> if there are ways to help us throughout the state, good. >> reporter: musk needs to prove his technology will

. >>> elan musks hyper l ♪ the sun'll come out for people with heart failure, tomorrow is not a given is a medicine that helps make more tomorrows possible. ♪ tomorrow, tomorrow... ♪ i love ya, tomorrow in the largest heart failure study ever, entresto helped more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects are angioedema, low blood pressure... ...kidney problems, or high potassium in your blood. ♪ tomorrow, tomorrow i love ya, tomorrow ♪ ask your heart doctor about entresto. and help make tomorrow possible. ♪ you're only a day away. >>> a tweet sent by tesla got the internet buzzing today. he said he's been given the green light by the government to start building hyperloop which super fast transportation through a tunnel. >> the bay area is part of the plan. we have the story about impact.

titans should write a blog post on the topic to which musk responded "movie, on the subject coming soon. take that for a little bit of a tease. >> elandy talked terminator or something. is that the movie he is talking about? if mark zuckerberg can't figure out how to work his grill, maybe he doesn't understand artificial intelligence >> the musk narrative, he said we better learn how to merge our bodies with machines these things are kind of -- i know elan is so smart, and he is such a big -- >> why do you think it's so far out there? >> you think within ten years -- >> he has a company neurolink which is specifically geared to interface with computers >> actual fears about when as humans we need to start worrying about machines i think we've got some time to figure out ways maybe of dealing with that. i mean, i know he loves to talk futuristically and, you know, we can all be living on mars and everything, but i'm with zuckerberg on this chill. >> let me ask you this, though, five years ago -- >> i don't think -- that's not -- i'm not up at night thinking about how a.i. is going to, you know, hurt me or kill me or turn off the light

so again perhaps it's more than just an idea because, again, elan musk says the white house is sayingnything like this that's taking futuristic klee and infrastructure programs and projects. so we'll see. maybe some day in our lifetime instead of hopping on train and getting to new york in three hours, you can do it in just under 30 minutes. we'll see. >> it's hard to wrap your mind around it. >> i don't know if i want to. >> so futuristic. >> bob, would you go on the first trip? good. >> reporter: no, maybe the second. [ laughter ] >> right exactly. i don't want to be the guinea pig. >> i'm with you. >> thank you, sir. >> i think the idea is neat and certainly a game changer on how fast you can get to places but i just question the safety and we were talking what if it crashes. worry talking like -- >> i'd like to fly but you know just me but i don't think that' >> i saw this article where it said it would go 700 miles an hour. and it's sort of jerks you ahead like -- >> i just can't imagine that that would be pleasant thing to experience for 30 minutes. >> whatever ages we are right

that's a key one on elan musk's mind right now. the first 30 customers are expected to get their cars. some customers will have to wait another year before they'll see theirs. and we know that the realestate market is red hot especially in san francisco. but there's still one neighborhood where you can find a bargain at least by san francisco standards. we're talking about a three-bed room home for less than $600,000. we'll take you on a tour in the bayview. >>> this is a three bed room home. completely remodeled and updated. lists at 599. >> this home is less than 1,000 square feet. it features a private backyard. has no garage. and is just about the last place in san francisco you can score a bargain for $600,000. well under the city's median home price at 1.2 million. >> it's all ready completely different than it was a decade ago. a decade ago it was crime ridden. you wouldn't want to walk here during the daytime much less at night and it's really transformed. >> the fast rising prices are a sign. the bayview is one of the most

tomorrow, tesla ceo elan musk will talk about computer coding and civic engagement. starts at 9:30 eastern. reminder that you can find all of it online at c-span.org or listen with the free c-span radio app. >> this weekend on american history tv on c-span tv, start at 8 p.m. eastern, on lectures in history. appalachian state university professor judd kin browning discusses mccullen's failed attempt to take the fed rat capit capital in richmond. >> mccullen and his army haven't done enough research on what marching along this peninsula would be like. he's so dead set on making sure he doesn't concede anything to lincoln, he puts his army out in the spring of 1962. it turns out to be the worst possible place to launch his campaign. >> sunday, at 6:30 p.m., on the 325th anniversary of the salem witch trials, historian margot burns talks about the primary sources from the trials compiled in the book records of the salem witch-hunt. >> that's one reason why we know so much about salem village. why we know so much about the pleas of innocence, because samuel parish took i

that will happen tonight in california it will be a chance for us to also hear from elan musk two numbershat will stand out in terms of people looking at this event and looking at tesla right now. the $35,000 price point is the first number that's going to get a lot of attention. this is tesla saying we believe there is a mass market for electronic vehicles starting at $35,000. though everybody admits, look, price point is likely when it's all said and done to be closer to $48,000 or $52,000 once they configured how the car they want it to be the other number, production will they get up to 150,000 vehicles being built this year that's the estimate that's out there on wall street with about 20,000 of those happening in december for the model three that's the run rate then but more importantly, can tesla hit the target of a half million vehicles being produced next year that's a huge jump going from just over 100,000 to a half million in one year. take a look at shares of tesla, remember, the company reports earnings next week but this is one of the cases where we never say that earnings d

workforce, computer coding and civic engagement and a speak by tesla and elan musk. that's over an c-span. you can find all of our nga coverage online at cspan.org or by using the c-span radio app. >>> a house sub committee held a hearing on the opoid epidemic. they talked about programs in their states and the tools they need to help people at risk of addiction and abuse. this is about two hours and 15 minutes.

tesla ceo elan musk thinks it's a threat to humanity. >> do everything better than us.artificial intelligence, it's a danger to mankind. what do you think? >> you can't stop technology from anticipate the changes and we can put the rules in place to make sure the changes are for the better. >> it would take a lot of time for a robot to become human-like. a robot to do this interview with you and take a cab back home, that would take decades. >> reporter: the president of robotics at abb, the company that invented ume. >> i think what is unfortunate is artificial intelligence is used as a tool. it's not a means by itself. >> all the experts we talked with over the past week reminded us technological advancement is not knew. as artificial intelligence gain steam, we have to remember to retrain those workers to compensate. the revolution will happen, you can find jobs, but the needs to be there. they encourage it from a young age. teaching them to code the way you teach a language to a child early on so it's part of their being. >> interesting to see the debate. >> exactly

elan musk is talking about 700 miles per hour. his pipe dream may become reality.s trip in the future, take a look at hyperloop one. the whole hyperloop concept is the brainchild of elon musk. whose boring company digging a tunnel in los angeles, convinced that vacuums can move cars into sleds. he's run tests at 110 miles per hour. he discuss building loops in los angeles and along the east coast. >> d.c. to new york, you want to go the underground the entire way. >> reporter: on thursday, musk tweeted, just received verbal government approval for the boring company to build an underground, new york, d.c., baltimore hyperloop. er have verbal approval from whom? the transportation department said they had no idea. certainly not amtrak. the white house? well, says a white house spokesman, they have talked to elon musk. and we believe our greatest solutions and ingenuity and drive from the private sector. not a signed government contract. musk acknowledged, still a lot needed to get normal approval. but here's what is cool. the hyperloop concept is much closer to real

it was strike, elan musk came before the governors while they were there and laid out an innovative agendaintelligence, what it means. we've talked about what it means for employment, what it means for economic growth, and he talked about the regulatory envelope that needs to be put around this keep of a growth and invasion that's happening. this bill was very far-reaching and radical. i think they just tried to get to a bridge too far, but secondly, visa vi the president, it's typical, and i saw this happen when i worked in the white house in the obama administration, when you want something done, yes, it's up to congress, but you set up a war room in the white house. you put somebody on point. you say your job is to bird dog every single member and figure out what they need and how to get this done, and work it. i watched rahm emanuel do that on obama care in 2009. these guys just sat there and said, well, you know, they'll figure it out or i'll play golf with rand paul or i'll have dinner with a few of these guys one night, and it will all work itself out, and that's not how it happens