>> i have to share the sentiment where elon.ot there but the stories i'm hearing through social media, it is tragic. and i will say that social media is playing a role in helping us define this moment. i think we're going to look back 100 years from now and we're going to be able to look at these independent media outlets. we're going to be able to look at social media, the conversations we're having in these space and we're going to be able to see who we are at this moment and right now it's tragic and traumatic and painful but there is hope because young people are using these forms of media in different and redefining ways. for instance the young man who was throwing the tear gas back at law enforcement who is wearing the american flag, that image has gone around are social media so many times. i will say this, it is redefining youth citizenship and it is also redefining what we as a country understand as heroism. >> interesting. i'm going to come back to you on some of these notes in a moment. elon i can feel palpably your f

>> i have to share the sentiment where elon. not there but the stories i'm hearing through social media, it is tragic. and i will say that social media is playing a role in helping us define this moment. i think we're going to look back 100 years from now and we're going to be able to look at these independent media outlets. we're going to be able to look at social media, the conversations we're having in these space and we're going to be able to see who we are at this moment and right now it's tragic and traumatic and painful but there is hope because young people are using these forms of media in different and redefining ways. for instance the young man who was throwing the tear gas back at law enforcement who is wearing the american flag, that image has gone around are social media so many times. i will say this, it is redefining youth citizenship and it is also redefining what we as a country understand as heroism. >> interesting. i'm going to come back to you on some of these notes in a moment. elon i can feel palpably your

he asked to meet with elon musk. they met at elon musk's house.drive in a roadster, the sports car that preceded the model asked -- model s. very quickly, they decided in addition to selling this plant to tesla, toyota was going to make a small investment in tesla and put together a deal where tesla would provide the battery and some of the power for the electric vehicle. that turned out to be the toyota rav4 ev. early on rav4 that elon musk was very high on. he thought there was a great chance that the project would be expanded, that the two companies said they would build about 2600 and initially, and here we are today where they actually haven't reached 2000 deliveries of this car. just last year, tesla sold more than 20,000 of the model asked s.model it is a car that didn't really live up to the hopes that either company had going in. these two guys, they like each other, but i guess it was the differences when it came down to their employees. tell us a little bit about that. >> there may have been a problem of little bit top-down management.

i am a big fan of space, and elon musk really gets me excited.ive any reason as to what happened to that spacex aircraft that blew up friday? is this a setback or is this something that we shouldn't be concerned over? regarding space travel in the future? >> he sounded -- guys, correct me if i'm round. sounded bullish on the future and didn't eastern mention that incident. >> at the top, think about some of the technologies. makes me nervous. i wanted to know the full picture. when edison invented the light bulb, no secret. 50,000 mistakes before he ended up there. as for the markets, the santelli exchange, i was shocked when we had a robust number. a solid number. look at the chart for consumer confidence. here's where i find it -- maybe the same is true with the discussion i just had with the gang. that what happened after those record numbers we had in '07 and part of '08 with consumer confidence, well, we saw what happened. the credit crisis. sometimes we need to look at things too good, and think, maybe we need to start being a little bit mo

>> i have experienced with elon's experience.ear gases do, they activate very fine nerve endings on the surface of our cornea in the eye and also in the nasal passages on the skin. and pen sensing system that warns us from imminent danger from toxic chemical exposures and leads to very intense pain and very intense feeling and then leads to tear secretion and closing of the eye and secretions secretion s in the eyes and leading to incapacitation. >> that feeling of fear, elon, was talking about the feeling of being with people who felt like they were going to die. part of that is about the circumstances in which people found themselves, but is there also part of it is the tear gas itself? >> i think it's a consequence of the very severe pain, the disorientation and also the choking, the closing of the airways. the feeling of potential asphyxiation that causes intense fear. so, i think this is how the fear originates. >> stay with us for a second. michael, i want to come to you in part because there was a narrative towards the end

melissa: a robot takeover isn't all that elon musk has to worry about. the tesla model getting a rough review from car critic at mens.com after a 17 month test, the model s is as fast, comfortable and technologically brilliant luxury sedan but numerous problems with touch screen tires and drive train make it hard to recommend. uh-oh. what do you think about this one, rob? >> recognize they had an early version that one of the first models off the line of the model s, and whenever you're talking about a brand-new technology that's just on the road, if you are talking about a car and talking about extended warranties, that's the car you get an extended warranty on, that's the car we learn what doesn't work the way it was supposed to in the lab. consumer reports rated the highest they rated any car, the later cars were far better. melissa: but they drove this thing. they drove it for 17 months, it was a 2013. it's not like it was a 2009. it was last year's car, they drove it for 17 months. when you look down the line, as exciting as the car was, car died ro

elon musk says the guy agreed to cancel all claims for no cost to the company.sk will have access to the billion people that make of the world's biggest auto market. to italy, which has fallen back into recession yet again. this is the third time the nation has suffered a recession since 2008. it is italy's worst economic slump since the second world war. experts are pleading with the government to step up the pace of economic reforms. landing in japan, selfy mania has reached new heights with the launch of a selfy stamp, a tripod like pol pot and the everywhere. everywhere there is one of these things complete with specialty made ledges for your smart phone, use his position the device, set the timer and snap it. so fantastic i can hardly contain myself. americans tired of working for the man and ready to be their own boss. recent survey finds 30% of employees hope to own businesses and the younger you are, the more you want to escape the 9-5 grind. jonathan honig, fox news contributor and james freeman with us with a diversified financial domenic, i will start

coming up, elon musk's spacex commits to building a space launch facility in a town that borders mexico. i will talk to brownsville's mayor in just a few moments. ♪ >> brownsville texas is basking in a futuristic low. last month spacex, the commercial space transport firm headed by elon musk, and announced plans to build a launchpad just east of the city. what are the economic benefits and what will be city mean for america's space exploration goals? the mayor tony martinez joins me. mayor, thank you for your time today. >> thank you for having us, mark. >> mr. mayor, the decision to brownsville is being told strategic. why your city? >> geographically, we are positioned perfectly to begin with. we have also worked really diligently over the last three years to hopefully begin what i would call the origins of a space hub in texas and in brownsville. mayor, this project, it has been three years in the making. tell us what it is going to mean in terms of jobs in brownsville and economic growth? you'll have capital improvement close to $85 million to begin with. you are going to have const

liz: and tracy, do you count out elon musk. we were first on fox business to put this company on air in 2008, they have grown and grown. >> you can't count them out, anyone that is betting against them right now is makes a mistake, elon does not want earnings counted quarter over quarter. >> and market competition? >> they are biggest player in u.s. residential instilling a, and elon musk behind it i would not bet against it. liz: google, teaming up with barnes & noble to take on amazon. same day books, to your house, or your business, this market amazon dominated for years, st-rstart with hitha. barnes & noble, they closed two closest ones on my house i was so annoyed. can they do this. >> i would say if they did this three years ago it would have gone a great partnership. the problem, it is a little too late,. too little, they are not on same scale azam john, they don't -- amazon, they don't shop google enough. >> this is a game changeer, i went on there today, you sign up for this maybe, free shipping, i can order a book 8 a

two tesla owners took out an ad addressed to elon musk. musk tweeted he was already on it.h ceo would you pen an open letter and what would it say? tweet us your responses. we'll give them next. [ woman ] the cadillac summer collection is here. ♪ ♪ [ male announcer ] during the cadillac summer's best event, lease this 2014 ats for around $299 a month. hurry in -- this exceptional offer ends soon. ♪ tdd#: 1-800-345-2550 can take you in many directions. spark your curiosity hurry in -- this exceptional offer ends soon. tdd#: 1-800-345-2550 you read this. watch that. tdd#: 1-800-345-2550 you look for what's next. tdd#: 1-800-345-2550 at schwab, we can help turn inspiration into action tdd#: 1-800-345-2550 boost your trading iq with the help of tdd#: 1-800-345-2550 our live online workshops tdd#: 1-800-345-2550 like identifying market trends. tdd#: 1-800-345-2550 now, earn 300 commission-free online trades. call 1-888-628-2419 or go to schwab.com/trading to learn how. tdd#: 1-800-345-2550 sharpen your instincts with market insight from schwab tdd#: 1-800-345-2550 experts like l

elon musk wants to pound out 100,000 cars. it, whatok behind needs to happen is they need to lower the price of the batteries. his goal is to reach 200 kilowatts per hour. that is the energy you can store the battery. the cheaper it is, the bigger the battery can be. the cost is not go up. tes;a can go farther and the cost is the same. that makes it cheaper for u.s. the consumer. that is the overall goal here. morgan stanley estimates that by of 7.2he global fleet million could actually power all of mexico. that is how much charge is expected to be coming from these batteries. pretty staggering, right? >> they may want to negotiate with him. has broaderory implications than just making batteries for cars. that could change the entire store system. it has enormous risk. it would surely transform the entire energy landscape if he is able to do something like this. >> these estimates even exist on something that is not built yet. he said they broke ground. the construction pad is done. they have not begun construction. they are r

they say elon and steve jobs, one scenario. elon is henry ford, elon, the maytag repairman.alking from scratch, a single player gets an enormous portion of it. steve jobs, electric vehicles 4% of the long range vehicle market and tesla captures 68% of it, that's the steve jobs scenario, a price target of $466 on that scenario. >> which do you think he is? >> henry ford. of course. >> always good having you. >> good to be here. >> lighting unthe room again. guys have a good friday. >>> hand it off to the jump and the "half." >>> welcome to the "half time show," we're expecting to hear from president obama in 15 minutes and will bring you that statement live when it happens. first, let's meet today's starting lineup. jon najarian, co-founder of option monster. pete najarian also a co-founder. joe terranova, manager at partners and begin with stocks on track for the biggest weekly gains in six weeks. don't look now, even with all of the global issues weighing on the minds of investors, even with europe teetering on the edge of another recession, the s&p is only about 1% away fr

elon musk owns 23%.rts keep getting tripped up, they have to cover, that creates buying opportunities, new shorts coming in. new stocks come up? >> he has the muskeon touch. what i want to know, if you've got negative reports from the cars like edmonds and "consumer reports." if bad news like that doesn't knock this off its momentum, what is going to? >> here's one of the things that's interesting to me, there's large capital pools that own this thing. looking at the options market, the highest levels of open interest, they're all in strikes that are 50, 100, jan 15 that were put on long time ago. 10, $30,000 contracts. when you look at what's near the money, there's not a whole heck of a lot of options activity. one thing that says to me is that the stock is in such good hands, like i said before -- >> right. >> -- people are not nervous. they're kind of complacent. this is implied volatility of tesla. it's at two-year lows. my conclusion is i'm not going to tell you whether i think it's going up app or

. >>> coming up, a state senator with plans to ambush tesla ceo elon musk. why the senator plans to show with a symbolic gift. >> reporter: and i'm stephanie chuang live at golden gate bridge in san francisco, where just a minute ago the gates opened here for the outside lands music festival. what makes this year a record-breaking one, coming right up. overseas is about to get easier. nbc bay area's bob redell is live at san jose mineta airport with a sneak peek at some things meant to make international traveling a little easier for our friends. >> anyone who's traveled international knows it could be quite a hassle trying to get back into the united states. you've got to wait in those long lines at immigration to show your passport, to gain reentry. that's about to change here at norman mineta international airport in san jose. just moments ago, the local director of u.s. customs and border protection demonstrated to us and mayor chuck reed two new global entry kiosks, which allows you to skip those lines and gain entry to the u.s. in less than a minute, r

>> hmm, good question, elon.ecause despite some bad news, tesla shares are hitting an all-time high this week. we'll tell you how to play it, when "options action" returns. [bell rings] ♪ time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. [b♪ll rings] time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. >>> okay. welcome back, everybody. well, don't look now, but tesla has just hit another all-time high this week. i was so surprised, i had to walk over to check it out up close and personal. once it's hit its all-time high, does the run continue or does it stall? >> you have this new all-time high. one of the interesting things, it is a piece of negative news. consumer reports came out. >> yes. >> a wishy-washy sort of review of the car. >> and edmunds. >> the 15,000 miles on it. and generally, they're pretty enamor with it. they

like elon musk. >> support elon wholeheartedly.has a real vision, and he shown he has the capabl technicl capability. when the capability is there, i will be a little long in the truth. my specialization is the ocean. i should do what i do best. >> but there is no doubt we will go to mars? >> i do not believe that our government will send human beings to mars. >> they depend on people like elon musk. >> i think the political will fail? >> is there any political will to explore the sea? >> there is virtually none. we need to change that. mars could wait a little bit longer. i hate to say that. it sounds like heresy. our lifeceans are support. we need the ocean, and we need to understand it before we destroy it. now our rate of destruction is much higher. >> how are we destroying it? >> in every way. the things we do on land that run off to the rivers and wind up in the food we eat we take from the ocean. web, weecked the food are dumping chemicals, we are warming the planet and killing the coral reefs. it is a very bad cycle. >> i w

i asked elon musk at the time when it was rocketing in short interest, here is what he said.'ll have you comment what he said? >> i think it is very unwise to be shorting tesla. i mean, this is very unwise. liz: that was 2012, it has been an unwise plan. you still feel right now you need to be bearish, why? >> athundred times earnings as you said -- 200 times earnings, the future of the company has almost no probability of living up to that share price. you've seen in the past with stocks that have been trading at levels similar to that like cisco systems back in the late '90s or aol-time warner, they don't live up to the stock price. in cisco's case their earnings are up five-fold since 2:00. the stock is down 70% still -- 2,000. even though tesla the company could do fairly well i think the stock will do lousy. liz: jeff, you disagree. you feel tesla, it's a buy at the current levels, correct? what do you think when you hear exactly what john articulates, that it can't live up to p-e ratio of 200. >> i don't have to see that at all. john is right, doesn't necessarily mean t

that would have been better than the hanx ipad typewriter. >>> bill gates, elon musk, some of the namese ice bucket challenge over the weekend. now the moment we've all been waiting for. re/code's kara swisher takes the challenge live here on "squawk alley." that's next. if energy could come from anything?. or if power could go anywhere? or if light could seek out the dark? what would happen if that happens? anything. >>> coming up at the top of the hour from right here at the new york stock exchange, with stocks reacting big time with geopolitical concerns, don't be scared. then the billionaire and the dollar stores. we're breaking down the big players and which companies could be next. and herb greenberg raises the red flag on tesla. why is he calling foul on the company's earnings quality? we'll see you at noon in just a bit. >> scott, thank you. looking forward to it. >>> let's get a quick check here of markets with our julia boorstin and a "market flash." julia? >> well, dreamworks animation shares are spiking high they are morning. the company appointed a new cfo. and dreamworks a

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. >> a $5 billion question, where will elon musk build that giant factory?e states are in the running. you must china is winning the race. the grandson of nelson mandela how america can catch up. market makers here on bloomberg television, happy friday. >> i am alix steel in for stephanie ruhle. he get that jobs number and the markets are -- we get that jobs number and the markets are inching their way higher. of time for the news feed, the top stories from around the world. we haven't seen a job market like this since 1997, employers adding 200-7000 jobs for the six straight month in july -- adding 200-7000 jobs for the sixth straight month in july -- 207, 000 jobs for the sixth straight month in july. ford beat estimates while nissan, gm, and chrysler came up short. and a big takeover in the slot machine business. it represents a 38 percent premium over the closing price yesterday. >> investors are breathing a sigh of relief. for more thand 300 points for its first day -- for its worst day since february. we are asking where do we go from here. we turn to

. >> i support elon musk. he has the technical capability to do it. when the capability really is there, i will belong in the tooth to do it. my specialization is the ocean. i should do what i do best. >> there's no doubt we will go to mars? >> i don't believe our government will send human beings to mars. >> it will depend on elon musk. >> their political will will fail. >> is there political will to explore the sea? >> there is none. the oceans are our life support system. we need the ocean. we need to understand before we destroy it. right now, our rate of destruction is higher than that of understanding. >> how are we destroying it? >> every way we can think of. the runoff through the rivers wind up in the ocean. the food we eat we take from the ocean. we have wrecked the food web in the ocean. we are dumping chemicals from agriculture into the ocean. we are warming the planet that is killing the coral reefs. >> i wonder what will shock us into realizing this is urgent and essential for survival. >> it will take a shock of some kind. it will have

elon said a lot of ideas you suggested in your feedback were, they're coming on the way.ood for them. tracy: todd, is this like, will see more and more. people will cry out on social media, full page ads out? maybe with abercrombie. >> see it with yelp, all these types of review sites. this is going to be what is going to happen. bottom line, there is some type of a responsibility i guess from the company. that is great they can actually follow-up. they're getting feedback from the customers. yet ben, is all the feedback actually credible. tracy: the fact they're willing to listen to it, veronica -- >> i think that is impressive. try that at gm and other car companies. not happening. tracy: maybe it makes up for the rockets are tricky. i watched this last night. miley cyrus apparently went full circle. hope springs eternal. people can grow up. at mtv video music awards last night, goes from twerking which is parental nightmare for someone like me last year to america's social conscience after wrecking ball video took top honors, she allowed a farmerly homeless teen to tak

spacex founder and ceo also tesla ceo elon musk is the co-founder and ceo of tesla electric carmaker.'s picked a launch site near brownsville. expected to bring 300 jobs just like polaris yesterday. we have polaris bringing 300 jobs to iowa. that is the spacex rocket, they agreed to waive ten years of county taxes. details withheld until spacex signs off on the plan. a very, very common process and a common practice for cities who would love the jobs to give a few tax breaks. it's being pro business, good for brownsville. >>> all week long we've been showing you some of the most high-tech drones on the market. on our final day of "rise of the drones" series, we've got a drone so easy to assemble, our fox business team took on the challenge. that's fran, and our executive producer mark white. took them a little time to figure it out. snapping on the legs and the but under 20 minutes! those two, not so tech savvy producers were able to put together a $200,000 drone. while this drone may be two pounds and small enough to fold into your backpack, do not be deceived. it's been in various a

elon mufng i husk is musk is a n what do you think? >> there are a whole lot of battery technologies south there. it's hard to believe that one company will win the whole shebang. >> what differentiates the liquid ion battery? >> batteries have different functions and different attributes. some of them are very heavy. you don't want to move them around so you would not want to put one of those in a motor vehicle for example like a tesla. other batteries have the ability to draw power in and out quickly. other ones draw and absorb their storage, stored power very slowly. so those different kind of functions have different utility to the electric grid. and so it's the capabilities of the technology itself will determine where it might be placed in a building, in a basement, where it doesn't matter how heavy it is. versus in a motor vehicle that's going to be running on electricity in the future. >> so is part of the reason people say this could be trillion dollars because there are so many different applications in it, because when you h

he has a close relationship with elon as well. but this is not in their dna.y are good at financing and selling solar panels, unlike sun power who has been manufacturing or first solar has been manufacturing solar modules ability a decade, this will be something new to them. that will bring some risk into it. we got a couple years for. that i think right now the incredible growth is what everyone is focused on. >> what do you tell investors on this pop in the after hours session? >> i think you continue to buy it. it's definitely momentum driven. with the cost reductions, you get out to a higher value achlgs we hear valuation much north of where we are right now even after hours from the buy side. but, you know, again, we have to take a dose of reality at some point, you know, the trees can't run in the sky there. so we're still digging through the numbers. >> ben, thanks a lot. i appreciate it. >> take care, guys. >> ben kallo. >> sun edison also had great earnings today. just as he said here, sun city, every bookings, pipeline, when they actually stalled and

ite liked to hear elon musk's response to that. >> probably too lace for elon, if that's a problem. >> to kayla's point. they didn't actually interview one of the project managers at "consumer reports" who says there are issues you don't expect from a $90,000 car. those door handles present themselves, getting closer to the car, if thez don't retract or come ounchts joke many on you. >> yeah. that's a problem. >> not like the new ferrari, like the new priuprius, the new. aspirational but mom and pop, upper middle class. with the tax breaks and everything, you sggo into parki lots, that's not blue collar middle america but upper middle class, pretty much -- it's a car that people are buying, maybe a bit more than another car they might buy, but you're a prius, and bmw buyer is getting a tesla. this isn't way out there. >> not the fire. not the battery fire that people are talking about that's potentially going to be li life-threatening. you see rewrites of the "consumer reports" study, minor problem, small problems. the way this study is being treated. >> but the fire to me is like the

elon music owns 23%. he is in a battle with the shorts. they get tripped up. they have to cover.ew shorts come in. the stock goes up. they keep buying. >> he has the muskian touch, doesn't he? what i want to foe if you have sort of negative reportsic like edmonds and consumer reports, if bad fuse like that doesn't knock this off it's momentum? >> here's one of the things that's interesting to me. you look at the top holders. it's largely held. there are capital pulls. looking at the options market, the highest levels of open interest, they're all if stripes like 50, 100. things that were put on long ago, that were like 10, 30,000 contracts, when you look at the interest that are near money and near dated, there is not a lot of options activity. one thing that says to me is that the stock is in such good hands, like i said before, people are not nervous, they're kind of complacent. this is implied volatility of tesla over the last two years. look at the, it's hat two-year lows. i will not tell you whether i think it's going up or down, i don't know. my crystal ball is not working.

the company comes out, elon musk comes out after the close on friday in a blog post saying you know,ng to create this infinite warranty for not just our batteries but for our drive trains, basically eight years, and at that point also saying you know, we're also going to increase the t-reserves that's going to impact earnings going forward. the point of this is the company is very aggressive, and it shows how aggressive the company is with its financials. it strikes to the culture of when it comes to the financials. and here, you know, they could have been more conservative. they weren't. one of the points we made then was that this would and could hit earnings. it is. there is the issue. >> everybody is so broken up about that today, the stock's up. >> which is the point. when it comes to earnings quality, it doesn't matter till it does. and for a company like tesla, and i have this in a piece today on real money over at the street, they won't care. but you have to keep your eyes on it because it strikes to the culture of the company. when it comes to reporting to wall street. >> bu

. >> multiple ice buckets there answering the challenge on his mark there elon musk kids dumped ice water all over him. he tweeted this video today. the goal is to help raise money for awareness for als research. musk also tweeted his kids nominated johnny depp and tony hawk to take on the challenge. likes like from bill gates, gates challenged musk yesterday. look at bill gates there. that is not a small bucket. there you go, bill. as of today als received more than $11 million in donations, what an incredible campaign to bring in so much attention. checking in with anthony slaughter now, a look at the forecast. hopefully it's warm enough. i got challenged myself today. pressure is on. >> i know. i was waiting for it all of the trickle down to the local news anchors. i did the polar bear plunge. i don't know how much more i can donate to anything that cold. let's talk about the forecast. a beautiful day we had across the bay area. a few clouds, even fog starting to form across the bay area. what i want to focus in on, this is what we analyze. look at all of these clouds up from seattle,

state senator ted gaines plans to visit elon musk about an hour from now. the roseville republican is co- author of a bipartisan bill that would offer financial incentives and regulatory changes to convince tesla to put its "giga factory" with thousands of new jobs in california. >>> happening today, several buildings in east oakland look almost as good as new thanks to an antigraffiti project. the east oakland beautification council organized the clean-up effort. they focus on a four-block area around 12th avenue and international boulevard. the group says graffiti can bring down property values, encourage illegal dumping and, in turn, threaten public safety. >>> right now, the outside lands musical festival is getting under way at golden gate park in san francisco. kanye west will be among today's headliners. tom petty and the heartbreakers will headline tomorrow. and the killers will headline on sunday. >>> a san francisco startup is offering low cost water refills to concert-goers. they will provide purified and chilled water at one-fourth the cost of r

and look, e elon musk, and arnold arnold schwarzenegger came here as illegal, and came here illegal, and now dr. hir m hirmosa came here illegal ly an now one of the best brain surgeons in the world. and so if you look at the population, it is not that problem, but the flux is not stopping. there are parts of arizona and california where the government has put up signs saying don't go any further, because it is not safe. the police departments won't send the deputies out there, because the cartels run that part of the united states. with we are not doing anything to address the border issues, and we have people here illegal ly and we have to do something with that, and whether it is to work and become part of the system or whatever it is, we are not doing anything. >> janese? >> i agree that the problem is the bigger problem of 11 million people living in the society and before i go further, i want to speak to the point of the health. because i agree with gary, it is not health issue. nobody vaccinated arnold arnold schwarzenegger when he came to the country. but yet, children are be

he wanted to find out more by elon musk and about his company and this car. this is how they knew each other. we had a mutual interest. inota said he was interested tesla cars. they still were building the model s. tesla is now building the model s is obeying the suv. it really hasn't performed well in the marketplace whatsoever. they decided they would build about 2600 of them over three years. here we are about four years after the partnership was agreed to. asked 2000not even bills yet for this around 4 electric vehicle. >> these two companies are not cut from the same cloth, are they? >> it gets down to some pretty teslaental differences in is a fast-moving, on the flies style company and. toyota is about as far from it as you get. there's a lot of testing, a lot of quality confirmation. it just did not work very well. there were some specific onblems but the engineers the respective teams named for us components like the battery case. tesla was proposed by not up to the standards that toyota was looking for. there was a desire for jesse -- four tesla to

georgia bank of graded shares of elon musk company from baidu but toy to hold.will have more on the markets in 30 minutes. ♪ >> welcome back to the second half-hour of "bottom line." let's check some of the top stories we're following for you at this hour. an egyptian brokered 72 hour cease-fire has taken effect in gaza. resumetors agreed to talks in cairo. the egyptian foreign ministry says the cease-fire will allow for humanitarian aid into dozens neighborhood. turkish stocks fell to a five-week low, and the election of the prime minister as president will do little to improve the credit profile. and three-time nascar champion tony stewart says there are no words to describe his sadness over the crash that killed a young driver. junior was struck and killed by his car after he was walking on the track after his car spun out. that is a look at the top stories in the news that we're following at this hour. we turn our focus to the summer selloff in high yield. more is our head of high yield that alliance bernstein, and our reporter alicia. are calling this unpre

>> reporter: but the front-runner may be billionaire elon musk with his space-x, and its dragon 2. space-x already flies unmanned cargo missions to the space station. nasa now pays the russians $80 million a pop to get american astronauts there. nasa has already spent more than $1 billion on this competition. is it going to be worth the money in the long run? >> the price nasal pay will be significantly less, and just having that alternate mechanism to take people back and forth provide a level of redundancy that's important to the long-term viability of the space station. >> reporter: the first flight to the space station is scheduled for 2017. manuel bojorquez, cbs news, houston. >> dubois: there is nothing bright about this town's future. this man's home could soon be a nuclear dumping ground. that's next. deal with high... and low blood sugar. januvia (sitagliptin) is a once-daily pill that, along with diet and exercise, helps lower blood sugar. januvia works when your blood sugar is high and works less when your blood sugar is low, because it works by enhancing your body's own

has become a must attend for many in the tech community, even attracting big names like larry page, elon mark zuckerberg. the tech community has brought its tech dollars for things like private jets, air conditioned yurts, even world class chefs/ is this changing the burning man experience for better or for worse? we are joined by our guest who has attended the event for the last 20 years. as someone who has been to burning man for two decades, for those that aren't burners, what is so special about it? >> it is a place where you generally tend to meet people celebrating creativity, feeling good about themselves, feeling free to express themselves in ways that maybe they are not free to express themselves in day-to-day life. it is a place or everyone is -- where everyone is really happy and everyone is amazed because most people around them are building amazing pieces of sculpture or fire art of a sort that you probably would never see in any museum, are dressed in a particularly flashy or colorful way. it is a place where people are having fun and feeling free and it is a great vibe. pe

and now we are reflected by guys like elon musk that went from paypal to building rocket ships.s the buzzword. when you talk about inventing things and modern times. >> i read an article, a great piece on a yale study that tells about how rare some of these metals are. specifically the innovation, the computer of 20 years ago may have used 14 elements and now for five times that and that is why they are so much faster. if we had to go back, we will go back to slower machines as well. where do these things come from? these newer elements? >> all over the world. they tended to be concentrated in special areas. your viewers will know -- 14 elements on the periodic table. essentially they all come from china. china just won the russian roulette game. they have monopoly on the materials. >> an important development just yesterday where china had changed the game a while back and said we will raise the price of exporting these raw materials. if you want to make something, you can make them for a lot less in china. the effect of mining on the economy, is it about that or china trying t

high profile banking tycoons and venture capitalists are all set to attend tech entrepreneurs like elon musk travis kalanick from goober and evan spiegel from snap chat will all be there so will brian roberts chief executive of comcast and arianna huffington will be there too so all the top names intact banking and business will basically be there figuring out what they'll be plotting against top since it's so high. but according to industry analyst jeff kagan who spoke to fox business the camp is google trying to stir the pot sure they'll have a formal program with speakers on panels and q.a. sessions but it's really about what happens after the session during cocktail hours and both ride those who were invited were encouraged to bring their families too so it's less about the plotting sessions and more about networking getting to feel more like one big family you know legs one big illuminati family that rules the world i'm not pro illuminati here so anytime i hear about a summit like this i would naturally averse to it but i will say this if there's any illuminati summit to get behind

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ceo elon musk made it clear the company is doing this in a couple of other states as well but there'sgood reason why nevada would beat out california. >> we want to make sure we have things sorted out at the state level, that the incentives are there that make sense. i want to emphasize, we're not -- tesla is not going to go for a deal that is unfair to the state or unfair to tesla. >> each year the tax foundation ranks states from one to 50 in terms of tax friendliness and this past year nevada was ranked number 3, california was ranked number 48. nevada doesn't have a corporate income tax. it doesn't have a personal income tax. it doesn't have a capital gains tax. and it has relatively low property taxes. >> reporter: that

elon musk will work with the carrier to build 400 stations across china.harge in the premarket on this news. >> haha. we love the puns. frontline, stock was cut to sell. the downgrade follows the second quarter loss. shares are down almost 40% this year. >> number five is astrazeneca. the new cancer drug just advance to phase two trials boosting hopes for success. there's also speculation that talks between astrazeneca and pfizer which broke down may have resumed after the takeover attempt by the u.s. drug maker in may. that will be interesting to see how it plays out. companyr four, the posted a surprise quarterly profit helped by 52% spike in revenue. the software maker said it boosted sales and signed a record number of deals in the second quarter. cool name, splunk. >> number three is big lots. second quarter profits coming in shy of wall street estimates with same-store sales falling as well. they're raising the profit forecast for the and announced a new stock buyback plan. >> number two, a store you have not been to lately, radioshack. there is spec

elon musk says the warranty changes will have a moderately negative effect on earnings in the short-term. those of the top headlines. >> enqueue. another headline today with the ongoing confrontation in ukraine. kiev saysment in troops destroyed part of a convoy of military vehicles that cross the border from russia. russia denies that. in all, the european union warns it could expand sanctions against russia. joining me is the executive vice president at the atlantic council. previously he worked at the national security council where he advised the white house on ukraine. thank you for joining me. what exactly is russia's endgame? >> a pleasure to be with you. president putin's in game -- endgame is how to use eastern ukraine to manipulate and leverage control over all of ukraine. at the end of the day, we are focused on this humanitarian situation, but the reality is that there would not be a conflict in eastern ukraine if it were not for russian strategy. i think his endgame is influence and control over the future and shake of ukraine's destiny, let's talk about tactics. > >> let's