how did elon musk become elon musk? >> guest: well, you know, through a long series -- [laughter] of incredible events. he is, he's sort of lived the american dream in a lot of ways. he came to the united states with nothing, about $100 in his pocket, and essentially he basically outworked, outhustled and outinvented just about everyone in his path. >> host: what were one of his first inventions or investments or successes? >> guest: his very first success was his company called zip for, it was call -- zip ii, it was kind of a google maps meets yelp. it was around 1994. and, essentially, the answer to the age-old problem of kind of how do i find a pizza place are near my dorm room and, you know, you would just type in i want a pizza, and it would show you where the place was and give you turn-by-turn directions, and nothing like that existed at the time. he ends up selling that company for about $300 million, and elon was the largest shareholder, and so that's what really set him on his way. it gave him about $20 millio

elon was upset about the california high-speed rail project. he thinks it's expensive and slow which i guess it is and so he offered this up as an idea as an alternative. he really had been looking to commercialize it himself although two or three companies have since appeared that are essentially hyperloop startups who have taken the ideas he has put out there. they are looking to buy air rights. one is to go between los angeles and las vegas of the ideas you'd be able to do that in 15 minutes he could leave l.a., go to vegas for the night and come back and sleep in your bed. >> host: your book has been in the bestseller list for a while. have you heard any feedback from mr. musk? >> guest: i did. he didn't get to view the book before it came out but i did let them see it once it was finished a couple of weeks. i didn't want him to have to buy it on amazon and speed read it and it seemed like a fair thing to do. as you might expect a sort of pushed back on a few things or at least giving me his feedback and then a day later he came back and he

can elon musk driver on his promise. cheryl: scandal continues overconfidental information over hillary clinton's personal emails. now the fbi is getting involved. david: meanwhile the big gop debate all set for tomorrow night with 10 presidential candidates gearing up to take their spot on the stage. coming up, we'll take you live to cleveland for a preview. don't go away. ♪ ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? will you be a sound sleeper, or a mouth breather. a mouth breather! well, put on a breathe right strip and shut your mouth. allergy medicines open your nose over time, but add a breathe right strip and pow! it instantly opens your nose up to 38% more. so you can breathe and sleep

ashlee vance, how did elon musk become elon musk? helee: well, you know, went through a long series of incredible events. he's sort of list the american dream. he came to the united states with nothing. about $100 in his pocket. and essentially, basically outworked, outhustled and out invented just about everyone in his path. host: what were one of his first inventions or investments or successes? ashlee: his very first success was a company called zip2, a yelp beforemeets any of these things existed. around 1994. it was the answer to the age-old problem of how do i find a pizza place near my dorm room? want ald just type in, i pizza. it would show you where the place was and give you directions. and nothing like that existed at the time. he ended up selling the company for $300 million. that set him on his way. it gave him $20 million to go do whatever his heart desired. host: and what did he do with that $20 million? was,e: next thing he did he sat back and thought for a little while of industries that needed -- he had worked at a

you know, i am not ever going to say that elon musk, that i know silicon valley better than elon muskwe are looking for comedy, not to just glorify and put it up on a pedestal. emily: mark andreessen is a huge fan. peter thiel, venture capitalist, also a huge fan, even though you might poke fun at him in season one with a guy named peter gregory. i know that some of these people you talk to on a regular basis. who did you talk to make sure you were getting it right? to make sure you had geek cred? mike: lots of people. early on, i didn't -- before this went to series i did not have quite the resources, so one of my best friends from high school, his son is a top programmer at google. a lawyer who has a connection to startups. once we got going we went all over the place. google and facebook and yelp. emily: larry, sergi, and mark zuckerberg, were they happy to talk to you? mike: we have not met them yet. alec: we saw that larry and serge were wearing our shirts when they did the ice bucket challenge. mike: they had a houli and a pied piper shirt on. emily: what is your take on the sex

we'll be hearing from ceo elon musk later this hour.h more "fast money" straight ahead. >>> two weeks ago a jeep cherokee was remotely carjacked. cnbc's josh lipton is in las vegas at the annual black hat security conference two men behind the hack. josh? >> reporter: at black hat this year there aren't bigger stars than the two researchers who remotely carjacked that suv. the point of the experiment the hackers tell me is they want to see big changes in the auto industry. >> maybe three or four years down the road we're going to see this happening a lot. for now i don't really see it happening. that's why we're doing it now. we want to get things fixed, get cars in a really secure state before there's a problem instead of waiting when there's cars going off the road every day before people start making changes. >> reporter: this was a controlled experiment with a reporter from "wired," and here's how the hack got done. they found a car connected to a cellular network, hacked their way into the car's infotainment system which is manufac

>> not every ceo is elon musk. >> but this is the point, you know what you're getting with elon muskthese types of things upset you, you shouldn't be a shareholder in his country. >> this looks more dangerous than the typical risky activity. we'll leave it there. >> eating at shake shack is probably more risky than that. >> we know you're the ultimate daredevil. >> funny you should mention that. phil lebeau, thank you very much. >>> let's get back to morgan brennan with more on the shake shack results and the stock moving up in the after hours. >> we have an earnings beat for shake shack after the bell today, revenue better than expected. same-store sales growth better than expected. revenue guidance better than expected. we just got another announcement from the company. the company is announcing that a secondary offering, 4 million shares will be offered. the company will not receive any of the proceeds from the sale. this is shareholders selling, underwriters are also getting a 30-day option to purchase an additional 600,000 shares. so in addition to that earnings report from shak

we will be listening to the call at the top of the hour with elon musk.bit is also tumbling in extended trading. they beat expectations, but the company missed the gross margins. the stock is down. joining me now from new york our resident watch and wearable expert, stephen, as well as sue, founding partner at mindful. gross margins are not looking good? >> i think the one thing we can glean from this is that sales are doing well. people thought that the apple watch would monopolize wearable sales and it looked -- looks like that might not be the case. emily: it's interesting. some people thought that the apple watch was good for fit bit. stewart: exactly. they can have wearable devices to track their health. emily: my question has always been -- yes, people are buying them, but are they wearing them and how much? what do you think the answer is? stephen: i think the answer to that question changes day today. people are wearing those devices for a period of time and then putting it in a drawer, but then they can click the product trend for a new device wh

that's why you've got elon musk's -- elon musk and spacex. it is getting worse for media shares. we just showed you the selloff. their earnings failing to impress. is this a temporary glitch? the media companies, one of companies -- one of the company's top talents, john stewart is signing off tonight. and there is good news for all of you political junkies. we are just hours away from the first debate of 2016. 17 -- and all 17 presidential hopefuls will appear on in cleveland, but only the top 10 will get a chance to shine in prime time at 9:00 p.m. eastern. betty: the elections are more than a year away, but i am looking forward to the event tonight. trumpthe top 10 is donald . so let's set the stage and the road ahead. in cleveland right now, pretty quiet ahead of the event. liberman here in new york. mike, let me start with you, since you are there. it looks pretty serene behind you. tell me what the atmosphere is like right now. mike: you are right. it is pretty quiet here. the tv stations are set up here on east. fourth in downtown cleveland across from quicken loans arena.

oneeporter ashley vance on of the most inventive leaders, elon musk. is seen as this next steve jobs figure. there's bits of him like that for sure. he's got this attention to detail. pushes his workers really hard. lean more to sort of this eddison idea though i think elon has a lot to prove. but what i've taken away is that he's a guy who gets these , kind of of engineers the brightest of the bright, and these very hard-working and really is able to get products out of them that can be commercialized and that have really changed industry. me he's the guy, he's hardware,oftware and this idea of atom and bits in a way that nobody else has. >> tonight on "the communicators" on c-span 2. >> coming up on the next "washington journal," a reform.on on education our guest is campbell brown, journalist and co-founder and editor-in-chief of the 74, a website dedicated to education issues. then environmental activist erin brockovich on the 'em 'em's role response -- epa's role to the waistwater spill in colorado. journal" live every morning 7:00 a.m. eastern on

. >> ashlee vance on one of silicon valley's most inventive leaders, elon musk.he next steve jobs kind of figure. he has attention to detail. he pushes his workers really hard. i tend to lean more to this edison idea, although i think elon had a lot to prove. what i've taken away as he is a guy who is the brightest of the bright, is very hard-working individual who is able to get products out of him that can be commercialized and that have changed industry. he is the guy who has combined ideaare and hardware, this of adams and bits, in a way that nobody else has. >> monday night on c-span2.

elon musk, the ceo says you know what? i'll jump in first.buy $20 million worth of those shares through the offering. is it time to show tesla some love or should you go running and screaming far away? we've got a bull versus bear debate on our hands. and gurney, kawasaki ceo and our bear john portfolio manager on news today, you would think that when you're diluting the stock that it would fall. john. you tell me right off the bat why this stock is higher and you're the bear. >> yeah. it's a great question. i've been reading through the ak through today and looking at the numbers. and it's really ironic when you dilute shareholders, it's rare that you see the stock go up, and really when we saw this was 2008, 2009 crisis, still struggling for liquidity, raising capital and the shareholders would breathe a sigh of relief because now they had ample liquidity. so when you read through why is tesla doing this? maybe their stock is overvalued; right? you buy low and sell high in theory. when companies think their stock is under valued, they buy t

liz: no wonder the saudis of terrified of elon musk. point elon musk will figure out how to make a $30,000 tesla, and then people will feel they can buy that. >> maybe, maybe. liz: all dow 30 stocks are now green. i don't know if we can show it back at studio. every single dow jones industrials stock is in the green. >> we lost steam, and the question was were we going to go negative or see a rebound? we saw a big order of numbers, we could see more gains. >> art cashin says it's a billion dollars to buy on the close which is now 9 minutes away. no commercial breaks. we cannot tune out because any headline that would come in here might spook the markets or shoot it higher. scott shellady, up 307 points for the dow jones industrials, make that 309. scott, take it. >> frantic market. you saw a good gdp number of 3.7% which got everybody on the good side. i tell you right now, not so fast. there was a big inventory bill there which is not good. atlanta fed pegged us for q3 gdp of 1.4%. nothing has changed overnight, don't get too excited b

elon musk is a real visionary.ed to look at his car and see how good really was it, like a benchmark for the industry. were there any issues? if so, what were they? ed a lot of things -- the iphone, google glass. but for tesla, it took a little time. >> it wasn't the case of us singly hacking the car. we had to hack one system and gathered into formation and gather -- use that to hack into the system and gather more information and eventually you get full control over the car. >> in the case of this car, you can do everything with attachment that you and i can do. you can honk the one, flash the headlights, unlock and lock the car, switch the car off. >> the biggest take away is that cars are computers. your car has more in common with your laptop than it does with a model t. with that in mind you have to think about several security issues -- cyber security issues. d all the get hacke time. i am a hacker. fuller abilities will be found. is the soft -- vulnerabilities will be found. this is the software update that

tesla, elon musk says building an suv is very hard. both of those companies join the parade of big-name brand losers we have seen this week. i have a winner for you, it will be you and i believe gas down again and another forecast under $2 gasoline next month by next month. "varney and company" is about to begin. >> just because iranian hardliners chance death to america does not mean that is what all iranians believe. if it those hard-liners were most comfortable with the status quo, if those hard-liners joy and didn't death to america had been as opposed to the deal, they're making common cause with the republican caucus. stuart: you heard it. the president of the united states in my opinion reaching in new low campaigning iranians who can't get to america to republicans. john bolton joins us to talk about that later this hour. you are looking at the quick and loans arena deserted at the moment, won't be for long, the site of the republican debate tonight, the first begins eight hours from now. you can see it on fox. more on the deba

andy: elon musk called me out on that. he was in an interview recently and they said, "what did you think of 'the martian?'" he's like, "well, good, but the sandstorm wouldn't--" scott: you know, andy, you know when you're really successful is when elon musk calls you out on a scientific detail. andy: well, i had an alternate beginning in mind, but i ditched it because i wanted--it's a man versus nature story. i wanted nature to get the first punch in. alice: what was the alternate beginning? andy: it was going to be they were doing an engine tests on their ascent vehicle and there was an explosion that causes all the problem. and then the ascent vehicle is starting to tip, so they have to launch, and they're pretty sure watney's dead, same as in the novel. scott: eh, sandstorm is better. what does elon know about rockets anyway? andy: he knows a little. scott: andy weir, we wish you the best of luck with the movie. the book is extraordinary, "the martian, i highly recommend it. it's a great read. thanks for being with us

elon musk said i don't think i should answer it.y to think maybe more than just chatter among tesla fans about this. could there be a sensible partnership here? makes thesetesla autonomous cars, he wants to buy them, the ceo of uber. he says they would make a great product for his service. impact, any autonomous vehicle would be -- in fact, any autonomous vehicle would be good for uber. before we get to autonomous cars, they have to get the model x rate, the suv, which is scared -- which is geared toward people like me, the soccer mom. i need to make sure it works well and fits my lifestyle. pimm: you will have to wait and see when they start production. it is now time for today's options in. let's go right to julie hyman. julie: we are coming up to the top of the hour. let's take a look at how stocks are trading at the moment. media shares have been leading declines for the second day in a row. insight, joe is an investor for equity investments. good to see you. this decline on earnings. there does seem to be some nervousness as we

change for elon., sends a nice signal. he made way more than that on the stock move. >> this is not shake shack's first secondary since its ipo, it's taken every opportunity given the lofty levels of the stock to liquidate. at a certain point it's going to catch up with you. >> henry good to see you. joining us from "business insider," jon fortt. we'll see you later on. >>> the dow is back in negative territory. down 26 points. we did get retail sales today that were largely in line with expectations. stoking more talk of when that rate hike would come. given the stream of data that we've had. but the bond market is not showing any evidence of that, the 10-year at about 2.1%. s&p and the nasdaq are both down as well. but very fractionally at that. meantime shares of cisco rallying. profit and revenue toppling analysts' estimates and new ceo chuck robbins saying he was pleased with what he called strong growth of deferred revenue. of course that's one of cisco's main businesses and it's shifting more t

elon musk says this is about expansion.e did mention earlier this year, you know, there will be a period were tesla might not be profitable because they have these plans -- they are expecting big plans, but matt miller, who has covered tesla extensively, tells us that one of the problems is that a lot of people says you need a charging station for these cars. and there was an announcement or some news that tesla will be putting more charging stations in manhattan because this area is filled with people who live by a tesla. mark: the battery production in developing new models, that is going to take aliens and billions of dollars. and that money is going to have to come from somewhere. so i believe that mr. muska right now is making a bet there will be a market for these cars. but as long as people say, the mindset is, ok, i want to drive one of these cars. but when i am on -- but when i am 100 miles in, and there is no place to charge -- betty: there is no word for that. mark: scared is the word. [laughter] betty: it's a di

elon let me let you in here. >> i want to be clear here.thing that allows this to happen to them like it's somehow their fault. i believe a core aspect of this especially for men, is for them to acknowledge what women are saying, for them to acknowledge how women are explaining this situation about their assault. they would then have to acknowledge whether or not they might have played a role in someone's rape in their own life whether or not they didn't listen when someone said no whether they used alcohol or whatever to inebriate someone to the point where they couldn't say no and then they could have their way with them. to actually sit here and acknowledge what women are saying would be to acknowledge their own guilt and often with privileged folks all across they can't do that. >> you are my friend. it's nice to see you. let me know when you're back in new york. thanks to my panel. >>> up next what it means to be an african-american outside of america. people with type 2 diabetes come from all walks of life. if you have high blood suga

sort ofore on this edison although i think that elon is a lot of room. when i have taken away -- has a lot to prove. is that he gets these very hard-working individuals and is able to get products out of them that can be commercialized and have really changed industry. to meet use the guy who has -- -- he is the guy who has combined software and hardware in a way that nobody else has. monday night on "the communicators" on c-span2. each week, american history of austria is -- american history tv's "reel america" brings you films. "challeneg to america." groups argue that america's economy is poised to expand but they need to stimulate production. ♪ >> ladies and gentlemen, the president of the united states. president eisenhower: if we, as a people, act wisely, our annual national output can rise within a decade from its present level of about $360 billion to $550 billion. >> the joint committee on the economic report has gone even further. they say -- >> our economy can yield a potential gross national product by 1965 of about $535 billion. >> think wha

silicon valley's leaders, elon musk. >> he is seen as the next steve jobs kind of figure. there are bits of him like that. he has attention to detail. he pushes his workers hard. i tend to lean more toward this edison kind of idea. what i have taken away is he is a guy who gets thousands of engineers, the brightest of the bright, and these very hard-working individuals, and is able to get products out of them that can be commercialized and change industry. guy who has the combined software and hardware in a way that nobody else has. >> monday night on "the communicators" on c-span2. >> each week, american history american artifacts takes viewers behind the scenes at archives, museums, and historic sites. visitedcan history tv long beach, california, to tour the queen mary and learn about the service provided by the massive ocean liner during world war ii. the queen mary was in service 1967 and hasand been restored and operated as a hotel for the past 40 years. captain kayne: my name is will kayne. i served as captain of the queen mary to all our visitors, who come to see u

well, elon musk is taking action loading up on shares of his solar company days after a high profilenvestor says he's shorting the stock. landon is at cnbc headquaters. good to see you. >> good to see you too. elon musk is buying more shares of solarcity increasing his stake after they fell to a near two year low. he is solarcity's chairman and the biggest shareholder. he bought more than 123,000 shares for about $40.48 each or nearly $50 million. the move boost his stake in the company to 0.6%. he currently opens 21 million shares. his purchase comes after the edge fund manager told cnbc on friday he's shorting the company which drove the stock down 13% to the lowest level since october 2013. shares rebounded on monday. he likened the business model to a sub prime lender. >> the problem with solarcity relative to some of the plays that are industrial and commercial plays is they're a residential model and the residence endstial model, it's prime financing company in effect. you lease the panels from solarcity and they collect the lease payments. so in effect if you're put on the pan

deirdre: because there's elon musk, there are a lot of entrepreneurs. >> it's accompany to pick up to he's buying it at a low. i mean the stock has been under pressure because it -- some piece of it is in the energy business. so it's a little bit depressed, and i think this is a perfect warren buffett play . deirdre: well, i was going to say you obviously know warren buffet that focus on value. i haven't really changed the way i invest in decades and, you know, it's basically just looking for undiscovered value. speaking of which, google completely reorganizing itself and is going to be called alphabet with google as we understand it just the internet business. this seems it's like focus but, martin, you said something interesting as well. >> well, it's a totally weird idea, but i mean there's been a lot of pressure in europe for google to separate its search engine from the rest of the business because it's a monopoly in essence in their view. so i thought that this might be a new way to get them out of the old microsoft dilemma. deirdre: and just to remind people, in the 2000, the e

. >> and tesla ceo elon musk adds, ♪ we invented low fares.hen everyone else pretty much tried to follow. we call it the southwest effect, but other airlines probably use more colorful language. low fares. we don't just have them. we invented them. and here we go again! book for as low as 73 dollars one-way now at southwest.com ♪ >>> we're following breaking news. there's a shooting near the busy corner of 24th street and mission in san francisco. police say two men in their 20s were hit. both have life threatening injuries. no one has been arrested. >>> no arrests tonight in ferguson, missouri, but for the most part protests are peaceful. some people threw water bottles and other debris at the police as they moved in. it this is nearly the same spot where a gunbattle erupted last night ending with police shooting one suspect. protesters are marking the one year anniversary of the killing of an unarmed black teenager by a white police officer. >>> tonight not a good sign for rick perry, the former texas governor running for president again. he

. >> and tesla ceo elon musk ,,,,, >>> we're following breaking news.hooting near the busy corner of 24th street and mission in san francisco. police say two men in their 20s were hit. both have life threatening injuries. no one has been arrested. >>> no arrests tonight in ferguson, missouri, but for the most part protests are peaceful. some people threw water bottles and other debris at the police as they moved in. it this is nearly the same spot where a gunbattle erupted last night ending with police shooting one suspect. protesters are marking the one year anniversary of the killing of an unarmed black teenager by a white police officer. >>> tonight not a good sign for rick perry, the former texas governor running for president again. he has stopped paying his campaign staff, not good. the reason? his fundraising has dried up, no more money. perry has struggled to gain traction. his campaign says he has less than 1 million bucks left in the coffers and staff members have been told to go out and look for other jobs. >>> tonight we know where donald tr

. >>> and the next space race is a battle between branson and elon musk. what they're fighting over and how it might make you some money. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? but your stellar notebook gives hanyou the gumptionlc. to reach for the sky. that's that new gear feeling. this week, these office depot brand notebooks just one cent. office depot officemax. gear up for school. gear up for great. is. >>> our next guest was a major player at microsoft, a top exec for two decades, leading the launch of the original xbox console. robby bach, is microsoft's former chief xbox officer. got your book, been flipping through it. a game plan for corporate and civic renewal. it reads like one of those books that somebody writes because they're going 0 run for a big office. are you running for governor, senator, president? >> i have no intention of running for office. my deal is -- about civic e

better-than-expected report, elon musk, ceo, lowered vehicle sales expectations. he did promise 55,000 electric vehicles and lowered that mark, 50 to 55,000. that sums up the day. i'll send it back over to you. deirdre: thank you so much. i'll pick up right where you left off on tesla. lori just told you beats on the top and the bottom lines, but the big question can elon musk's company develop and deliver 55,000 cars, you heard her say. seems like not. want to bring in the president and editorial director of techno. first and foremost, what do you make of the earnings, talk about production in a minute. >> sure, i think people were disappointed not hitting the sales number. supposed to have the model x, kept getting delayed. now start shipping toward the end of the year. we heard blames of partners were able to ship on time. you lose 10% of total estimated sales is a big hit for the company. deirdre: it certainly is indeed, what do you make of tesla? tesla is supposed to be next generation in siri. elon musk touting it as bigger, better, faster, stronger, other c

>> i certainly hope that elon is watching us.think at least for the foreseeable future it's not going to be government money it will be private money. >> seth shostak is with the seti institute and we wish you luck with the funding and the research. "press: here" will be back in just a moment. >>> that's our show for this week. my thanks to my guests. i'm scott mcgrew. thank you for making us part of your sunday morning. >>> american pharoah has won the triple crown! >> intercepted at the goal line. >> the following is a presentation of nbc sports. >>> welcome to the honda nbc sports desk. >> hi again, everyone. jimmy roberts here. coming up mecum main attractions. first, we start with major league baseball and a big series in the national league east. nationals and mets. nats in first, and mets bottom seven. washington up 2-1.

for a willingness to just think super big, with risk as not a variable, elon. right?: what do they call you for? reid: laughs. no. [laughter] emily: i've heard you are quite funny. reid: occasionally. i don't know. other people are funnier. a view of the valley. like, ok, i'm thinking about x, who are the right people to talk to about x? emily: you were instrumental in the sale to ebay for $1.5 billion, 2002. looking back, was it the right decision? i mean, ebay and paypal have had an interesting year. some other members of the paypal mafia think they are better apart. reid: it was absolutely the right decision at the time. and we made it collaboratively. and part of the reason was because to really get to the right kind of level of mass of the payments transaction system, it required a much closer connection with ebay. now that it has gotten to a certain level, you can say, look, is it better inside or outside? and one can make good arguments both ways. the argument with is, for example, actually, in fact, there is still a lot of density of value between ebay and pay

when elon musk can only invite a few friends to a rocket launch, mark is one of them. joined by quentin hardy of "the new york times" and michelle quinn of "the mercury news." let me ask you the question everybody asks you. that's, why are you looking at wheat plants? they don't seem like they do anything interesting. >> one nice thing is they don't wander around. if you're looking for things to look at from space, that's a good start. one of the things we found surprising when we started this project is that no one has ever made a map of the entire planet, what the major crops are growing, where they are, and how healthy they are. as you can imagine, that's of great interest to everyone from a commodities trader to the countries growing those commodities. >> i've seen bits of this kind of thing before, and it's very exciting because the pitch is, if there are 7 billion people on the planet headed to 10 billion, how are you going to feed them if you don't turn the world basically into a big greenhouse where you try to manage for efficiency wherever possible. that sort

elon musk now says the suv will be worth the wait. supposed to go on 72013, the 2014, he said it is a particularly challenging car to build. the company said it still expects to begin delivering a small number of the suvs in late september. but, that can reduce the output by some 800 vehicles. elon musk any tesla ceo say that it is a choice been a great product or hitting quarterly numbers, and they take the former. doubled,rders nearly and that was help by the revised china strategy. sees no needays it to raise cash and expects to be free cash flow positive by the third quarter of next year. and look at the stories, and we're other watching -- watching of the stories. rishaad: some positive news out of australia. more jobs are added last month of anyone asked it all stop. let's break down the numbers. more jobs created, but the andess rate creeping up, according to some it is at the highest levels 2002. a bit ofs right, it is a tough report. 38,000 jobs added, which is positive, and the parts of patient rate went up to a two-year hig

" >> elon musk. get to america and at 17, he ran away from home and did it. bloomberg reporter ashlee vance on one of silicon valley's most inventive leaders, elon musk. >> he is seen as this next steve jobs kind of figure. attention tois detail. he pushes his workers really hard. i tend to believe more in this edison ideal, but i think elon musk has a lot to prove. who gets these thousands of engineers, the brightest of the bright, these very hard-working individuals and he is really able to get products out of them that can be commercialized and that have really changed industry. has --he is the guy who he has combined software and hardware and adams and it's in ways that nobody else has. >> monday night on "the on c-span.rs." coming up next, q&a with activist phyllis bennis. later, a look at the investigation into hillary clinton's e-mails as secretary of state. ♪ announcer: this week on "q&a," institute for policy studies fellow phyllis bennis discusses her book, "understanding isis and the new global war on terror." ms. bennis also talks about u.s. forei

and so -- you know, chad and steve go in to youtube, elon in goes and does tesla and and spacex, jeremyuss do yelp, and i do linkedin. you yelp, and i do linkedin. and yet, because we've had this intense experience together, we all have still really tight and network. so we are calling each other going, 'hey, i'm thinking about doing this, what do you think?' emily: who do you call for what? youemily: who do you call for what? reid: so for example, you macroeconomic, financial, bold models, i will call peter. the intersection of kind of interesting business models or business technology -- things like big data -- max levchin. for a willingness to just think you super big, with risk as not will super big, with risk as not a variable, elon. right? emily: what do they call you for? reid: laughs. no. [laughter] emily: i've heard you are quite funny. reid: occasionally. i don't know. other people are funnier. a view of the valley. like, ok, i'm thinking about x, who are the right people to talk a to about x? emily: you were instrumental in the sale to ebay for $1.5 billion, 2002. you looking

the founder of tesla, elon musk literally winging it. pulling off this insane stunt. what was he thinking? his death-defying day off. >>> hey, good morning. also coming up on the show this morning, new details about a harrowing flight. >> we're learning much more about the plane that flew right into the heart of a terrible storm. how the pilots navigated grapefruit sized hail and massive turbulence. we have new air traffic control reports this morning. >>> we'll start here with the crisis in inside one of one most popular iconic national parks. there's a killer bear on the loose this morning in yellowstone. >> a missing hiker has been found dead and authorities are now on the hunt for the grizzly or grizzlies they believe killed this man. aditi roy has the latest from our los angeles bureau this morning. hi, aditi. >> good morning, paula and dan. authorities aren't releasing the man's name, but they say he was an experienced hiker, who most likely encountered a grizzly bear in the wild which cost him his life. >> it's a tragic day in yellow stone national park. >> rep

. >> the bloomberg technology reporter on one of silicon valley's most inventive leaders, elon musk. >> he essene as the next --

caroline: elon musk heading up tesla.e not going to hit some of our targets because we want a better product, not just to meet the quarterly forecast. you are now getting 50,000 to 55,000 of the model s and x. it is just 5000 but does that mean you will need to reconsider going forward? the 2016 production would be 2000 cars being made per week now it will be 1600-1800. bringing back the enthusiasm and pushing the stock downward. will they be raising more capital? could you be diluted if you are a shareholder? he said at the moment there is no need to raise equity capital, that there might be value in a risk reduction perspective. that door is left open and that concern is in investors mind. they are raining back because of supply they say the model x the new suv, is probably the hardest car to build in the world. it will hit the model s. they have one assembly line. if you only have a week's delay that is 800 vehicles they have to pull back in terms of levels of production. they sounded slightly optimistic about the mode

look for how many electric cars elon musk sold in the quarter. earlier he promised 55,000.rst quarter only delivered 10,000 and i is only promising 10 to 11,000 for the second quarter. a lot of analysts warned this stock is getting perhaps a little ahead of itself. let's see what the numbers are. 60 cents eps and 1.18 billion for second quarter. >>> twentieth century fox, parent of fox business, down a lot. look for $6.41 billion. curious to hear why people are a little bit concerned ahead of the release here today. 7% decline from earlier declines. >>> fitbit, this is first quarter as public company, up 1 1/2%. don't forget fitbit has 85% of the market for fitness wristbands in the united states. look for $319.45 million for fitbit. >>> herbalife up about .2, give or take throughout the trading session. it held up. gaining traction from the last analyst meeting. >>> green mountain coffee roasters expecting year-over-year decline in earnings but small decrease in revenue. we'll listen with all ears after the close. liz: we should mention cheryl and david will have all the n

silicon valley's most inventive leaders, elon musk. the next steve jobs kind of figure. he has attention to detail. he pushes his workers really hard. i tend to lean more to this edison idea, although i think elon had a lot to prove. what i've taken away as he is a guy who is the brightest of the bright, is very hard-working individual who is able to get products out of him that can be commercialized and that have changed industry. he is the guy who has combined ideaare and hardware, this of adams and bits, in a way that nobody else has. >> monday night on c-span2. up next, part of a symposium focusing on 1945 in asia and the pacific. david glantz discusses joseph stalin and the soviet union in the pacific war. which ended 70 years ago this summer. he is editor-in-chief of the german and slavic military studies. the institute for the study of strategy and politics posted this event. david: thank you for this invitation. i began my work on the soviet army, the red army, as a result of a trip to japan in 1979, 1980, and 1981. the questions they had were about manchuria. no

tesla ceo elon musk is planning a tenfold increase in five years.ne president to the skyhigh numbers that musk hopes to achieve and that game changer came around more than 100 years ago. >> tesla's $30 billion market value is built on a dream that a startup carmaker might somehow be able to crank out half a million all electric vehicles a year by 2020. tesla loweredweek its sales forecast for 2015 and 2016, causing many to question how ceo elon musk thinks he can go from 50,000 in sales this year to 500,000 five years later. the problem with placing bets on tesla's future is there are few examples to relate it to. when has another startup try to build a completely new automobile? there is really only one, the original game changer. the ford model t. here is tesla's vehicle production so far and its forecast for this year and next. there is musk's goal for 500,000 cars by 2020. it seems like a stretch. now look at this. line of that data with the ford model t sales beginning in 1909. the matchup is striking. musk's, the model t hit goal with precisio

i think elon has lots to prove. take away that he is a guy who has these thousands of engineers at space x tesla, the brightest of the bright, he is a hard-working individual and is able to get products out of them that can be commercialized. that has really changed industry. to me, he is the guy who has combined software and hardware. bits and its -- atoms and in a way that nobody has. >> tonight on "the communicators" on c-span2. the road to the white house continues live at the iowa state fair on c-span, c-span r

elon musk needs to spend a whole lot more money. lot more expensive than you would of thought.om: what is tesla, a growth stock, a blue chip? quincy: no. it is a unique gem. i have to say with oil prices coming down and the expectation it could come down to 30, you have got to ask yourself come is it that exceptional that i'll buy tesla? john: it is a concept stock. [talking over each other] tom: outside the hospital waiting for olivia to get out, a blue tesla went by. and i said, so what? john butler. thank you on apple. well.la as coming back in our next hour, we will take a 65,000 feet view with ken feinberg. we will talk about his job on oil. we will talk about executive compensation. and i want to speak with ken feinberg about edward kennedy of massachusetts. stay with us on this friday. worldwide, this is bloomberg "surveillance" ♪ tom: good morning, everyone. bloomberg "surveillance" on china. our morning must read. lee hardman, bank of tokyo. up to the festivities of the week. stabilizes. it does not ease downward pressure on other asian currencies. at one point during

if you are just waking up, elon musk puts money where mouth is.lion into his secondary offering of his tesla. that will be scrutinized to say the least. and we moved to greece. brendan: the greek parliament said to vote. hans nichols is with us. this is your job. you are watching to horses. deal, no deal, what is your cap right now? hans: parliament late tonight, early tomorrow morning in athens, gdp numbers came in much better than expected. -0.5%,tion was for a they came in at a positive 18%. -- .8%. they came when consumers were bracing for capital controls. people expected -- what do you do when enough excess money? you go by something you can park in your garage. brendan: washing machines. hans: but not a drier because you hang your clothes out there. tom: the immediacy now -- is this just a ballet along three years, or will there be an end result from adam lagarde and wolfgang schaeuble -- for madame lagarde and wolfgang schaeuble and the rest? hans: it will not end immediately. i know what you do when you wake up, get a cup of coffee and op

. >> slow and steady and did he put a pretty fine point on it, elon.e said, first one will be zero to 25. second one will be 25 to 50 what do you make of that? >> yeah, well, i think that basically confirms what the market had been expecting all along, but what jumped out to me in his same just recently, he said he is not certain that the economy is actually back even though we are headinged in that direction. steve liesman brought up a good point, in february, you guys talked to him and janet yellen put out her first statement saying she expects interest rates to raise this year, you saw a very different picture in terms of inflation. you saw the eci had its biggest jump since the recession during the first quarter. you saw wage start to pick up and maybe some hope that you were starting to see these inflationary pressures, seeing inflation go toward the fed's target. what janet yellen also said in march, she would be uncomfortable raising the fed funds rate if some of those measures were starting to weaken. that's exactly what we saw today you see co

the founder, elon musk, plans to buy half of the shares himself. a market cap of 31 billion dollars. for comparison, ford has a market cap value of 38 alien dollars. -- $38 billion. scarlet: let's segue to money and politics. the only senate democrat to formally oppose the deal -- chuck schumer. appeals had donor not based his -- had not affected his decisions. intel getting more business with more minorities. year have hires this been women or other underrepresented minorities, more than what they hoped for. they have been criticized for a lot of women and minority employees. those are your top stories this morning. restored to the market, seemingly, for now. pimm: and as we have been goingg about, the dollar up in value. joining us to discuss this, michael mckee and our bond guru reporter lisa abramowicz. start us off here. after what we saw with the chinese currency -- do we collect a selloff of the short end of the curve right now? lisa: everything is fine now. pimm: oh, ok. we should all go home. obviously, people have been expecting the fed w