to me, this is another feather in the many-feted cap of elon cap -- the many-feathered of elon musk.ange the metaphor, the halo around the sky continues to grow, and i continue to be amazed. -- the halo around this guy. emily: we do not know much about spacex's financials. the name was floated as an upcoming ipo candidate, when we would learn more if such a thing happened. what is the likelihood of that? max: there were rumors earlier in the year that spacex quickly beat back. i have said is nothing in the cards immediately, but that said, the general consensus is the economics from this company are pretty good. when you look at the market share of the launch businesses from the kind of launches they are doing, it's pretty good. unlike tesla, which is really just getting its economic engine into production now, spacex has had a pretty good this in his, and every time they have one of that work, it is further evidence that they are making progress. i think really the one barrier to them going public is probably elon musk not wanting to run a public company -- wanting to put that off a

elon musk's tesla is known for its grandiose plans.itruck that goes 300 to 500 miles on a single charge, but it is also known for continued production problems and cash burn. how can tesla be put back on track? the answer could line with another elon musk-led company, spacex. dana has all the details. she covers everything tesla and space express. where is this coming from? >> it is largely coming from adam jonas's imagination. he has been asking elon musk on earnings call if there is a chance of tesla and spacex combining. elon says no, these are different companies with different portfolios, but there is overlap in the companies in terms of what they are doing. they shared technologies in terms of material science. tesla is the vp of material science and spacex, so you can imagine a scenario where perhaps one day they would merge, but to be clear, this is speculation. no evidence this is underway. emily: has elon musk or tesla commented on this at all? dana: no. elon has been clear that these are two different companies. spacex flies

startupp, an 18-person thed beat elon musk to trucking company. you to the company and ceo next. this is bloomberg. ♪ emily: facebook's value and impact on society has been hotly debated this week and for much of the year. today, the company wrote a blog post saying that facebook itself has attempted to answer the question is spending time on social media bad for us? this comes on the heels of comments criticizing the social network. friday, he took to facebook to clarify his remarks. clarify his remarks. so what does david kirkpatrick so sarah frier -- interesting this comment coming from a research director and scientist talking about the psychologist they have on staff and talking about the research that social media can be bad for us. but also countering with some of theirfrom a research director ae good for us. before we start, i want to read a quote from this where they say we were going to make facebook more about social interaction and less about spending time. this is the first time they're saying we too are thinking about this. sarah: yo

elon has been clear that these are two different companies.x flies rockets and wants to inhabit mars. they don't have a natural overlap, but they are both companies that can we be sure data for ai at some point. you work for tesla or spacex, you are really working for elon some who tends to borrow people as he needs them, but it is hard to imagine a scenario where they would actually merge. emily: is tesla in such dire straits that such a deal could be helpful? dana: that is really hard to say. i think until tesla gets the model three production issues finished, i do not see them being acquired by anybody. i don't know what spacex would gain by having tesla. spacex is doing goin gangbusters on its own. i don't know if they would want to be associated with tesla. emily: elon musk's attention may wander to his conquering the universe, getting to mars, and all of that. do you think that is in fact a risk? dana: i think what the interesting things about adam's note is tesla has never had a coo. what the secession plan is is not something the compa

let's talk about tesla boss elon musk now.n march promising to solve the energy crisis in south australia, which has been hit by serious power cuts. the solution — the world's biggest lithium ion battery. it's just been switched on now. rico hizon in singapore is following the story for us. power up! it's a big battery. power up! it's a big batterym power up! it's a big battery. it is huge. i promise that has been fulfilled by elon musk. it was done in record time. he vowed to build the battery within 100 in record time. he vowed to build the battery within100 days and tesla finished in about 60 days. this 100 megawatts lithium ion battery was officially activated today and has begun dispensing power in south australia. it can power up up in south australia. it can power up up to 30,000 homes for one hour on its own, but will more likely be used to support and stabilise assisting energy supplies. elon musk says it is three times more powerful than the world's next battery. it all than the world's next battery. it a ll started

when elon does it making it worse. >> i love elon.] so this is from the point of view of a woman i just saw blade runner and i've been watching westworld and i am wondering if women are just screwed in the future because ryan gosling has an alexa that can come alive and looks like a latino bridget bordeaux and harrison ford is still in love with his gorgeous replicant and i don't know. should women be worried about becoming robots and live alexa's or will virtual reality be the greatest thing that ever happened to female porn. we like to talk about porn on c-span. [laughter] >> this is a topic with a lot of angles to it. the first thing i want to say is that before we dig too much into this porn like approach is worth saying there are other ways that virtual reality advance media in general that contribute to sex, sensuality that are far more interesting and creative than this model. in my view -- if you look at the history of sexuality in art it actually was more diverse and interesting and peculiar before cinema came along and we co

year: it has been a busy for tesla ceo elon musk. park and what he calls "production hell." so what is the road ahead and what does it look like? ivan who covers tesla and has a neutral rating on the stock. line is ae production problem, but they may be nearing full output. are planning to get to 5000 cars per week by the end of the first quarter. they were supposed to be there by december. >> where are they right now? >> they have produced 280 model threes since the introduction in july. >> a lot behind, i would say. >> they were supposed to have 1500 by the end of the third quarter, with a ramp up to 5000 cars a week by the end of december. >> what is the issue, the battery? >> the issue is the production line. elon musk says the production supply chain only moves as fast as their slowest a supplier. he said many times he is living in production hell. anything materially going to change in the next three months to allow him to get to this ambition target? theye issue with tesla is rely on a lot of single source providers for compon

when elon does that he is making it worse. >> i love elon.y, so this is from the point of view of a woman. i just saw "blade runner" and i've been watching "westworld." i wonder if woman are really screwed in the future because, youu know, ryan gosling has an alexa that can come alive and looks like latino bridge bardot, harrison ford is still in love with his gorgeous reply can't? should woman be worried about sex robots and former editor of cosmo says virtual reality be the greatest thing ever for women porn. we're allowed to talk about porn on c-span. >> this is topic with a lost angles to it, isn't it? officers thing i want to say is that, before we dig too much into this sort of porn-like approach it is worth saying there are other ways that virtual reality advanced media in general could contribute to sex, romans, sense more creative than this model. in my opinion, if you remember, if you look at the history of sexuality and art it, was more diverse and peculiar before cinema came along before we capture things with a camera. i think wh

new at 11: tesla c-e-o elon musk announces plans to add to his fleet on duty. plus-- we )re tracking the forecast d >>> remembering a fallen chp officer. the tribute to a bay area officer killed in the lean of duty. plus tracking the forecast and the morning commute as people go back to work after the christmas holiday. join us tomorrow morning 4:30 to 7:00. my wish was a clubhouse, but we call it "the wish house." people visit national parks from all over the world. food tastes better when you don't have to cook it. he was just supposed to be my dog. i don't know why. (vo) we're proud that, on behalf of our owners, the subaru share the love event will have donated over one hundred fifteen million dollars in just ten years. get 0% financing for 63 months on select models. plus we'll donate $250 to charity. plans to add to his fleet on social media tonight. >>> new at 11:00, tesla's ceo elon musk plans to add to his fleet on social media tonight. musk tweeted that he promises to design a pickup truck after releasing the model y in 2017. he even says he has the c

this is amazing technology and innovation at richard branson will be competing against elon musk.it was actually conceived by elon musk, it was his idea, but also that of a man who is on leave after being accused of sexual misconduct, as well as another engineer. but they are dealing with not just another engineer. but they are dealing with notjust programme but leadership issues. hopefully hyperloop can fix that. and before we go, here is a quick look at the markets and it is an up heat session right now for asia. the nikkei and australia currently in positive territory, together with the south korean index, after wall street rose to new milestones overnight as us republican lawmakers moved closer to passing tax—cut legislation. and potentially there could be more. thank you for investing your time with us. i am rico hizon, sport todayis with us. i am rico hizon, sport today is up next. the top stories this hour: president trump says the united states faces a new era of competition with rival powers such as china and russia. several people have been killed and more than 100 other

julia: elon musk gets some big truck competition.ow to give back this holiday season. julia: all that still ahead on "bloomberg businessweek." ♪ julia: we are back with megan murphy and we are in the technology section. one of my favorites this week, elon musk has a challenger. megan: he does have a challenger moving into the big rigs market. julia: she says that with such enthusiasm. megan: i always wanted to be a trucker growing up. there is a tremendous amount of attention in the market. elon musk in a very flashy tesla rolls out their electric trucks and to much fanfare. just down the road, there is a young guy named dakota who has a prototype of the et one, his startup in this as well. he is self-funding it. they admit less, they are cleaner. they will be cheaper. that's the interest that so many fleets are looking at. they are also coupled with limitations. et1 only has a 30 mile radius. there are challenges, but every time we underestimated elon, he exceeded expectations with so much money and interest. and it is interesting t

elon musk said he will be turning out model three by the thousands by now.e remains some way away from his goal. ♪ rishaad: this is bloomberg markets. musk says his long-awaited model three is still parked in what he is calling production hell. covers -- has a neutral rating saying the production line is the problem, but things may improve. >> now they are trying to plan our to 5000 cars by the in -- 5000 cars a week by the end of the first quarter. they were supposed to be there by now in december. so far they have produced 280 model threes since introduction in july, so they are behind. >> a lot behind, i would say. up to 5000 cars a week by the end of december. >> what is the issue, is that the battery, or what is it? >> the issue is the whole production line. as elon musk has set, the production supply line all he moves as fast as their slowest supplier. yes said many times he has been living in production hell. >> is anything materially going to change in the next three months to allow them to get to this ambitious target? >> hopefully one issue is they

elon musk says they still want to produce an electric pickup.mise that we won't make a pickup truck right after model wife. i cut the cord design engineering element almost five years. production on the model wife is to be expected to start 29th teen. added that he wants to pick up to be comparable than slightly bigger. the number one selling truck in the united states. shares of tesla up nearly 50% this year. nintendo delayed launch of its 64 gigabyte game card until 29th team comment citing technical issues. switch cards can only hold up to 32 gigabytes of data right now. the delay comes after a successful first year of the device that can plug in as a counselor used as a portable player. nintendo selling more than 10 million nintendo switches. in tender shares up over 75% in 2017. trendy item, and still trying to get over the christy teigen live trading. the guy got on the plane with a long boarding pass and completely wrong airline. >> we are losing language, but the machine misread the past. the woman had a boarding pass for an ama flight,

eastern time >>> in corporate news, elon musk says a tesla pickup truck is in the works.manda doughty joins me with all that >> welcome back. tesla takes on ford. in one of their most lucrative segments musk tweeted, quote, i promise we will make a pickup truck right after model y. have had the core design/engineering elements in my mind for almost five years. am dying to build it in a follow-up tweet, he added the truck will be similar in size to the ford f-150 although slightly larger to account for a really game changing, i think, feature i'd like to add, he said in the model y he referenced has yet to be revealed all this comes as they try to ramp up production of the model 3 sedan. shares of tesla up nearly 50% year to date back over to you >> landon, thank you for that. >>> other stocks to watch today, shell expects the tax law to have a favorable impact on its operations the company says it will disclose the details of the impact in its fourth quarter results but says it will have incurred a charge of $2 billion on the basis of its third quarter numbers. it's about

megan: well, someone you are just talking about, elon musk.rsonally thrilled to hear about the transit between o'hare and the city. when you look at what he did this year in the rocket space as well as in the driverless vehicle space, he was a clear choice for us. he is someone who, even when we tried to make a list where you get rid of the usual suspects, he still stands out. another one, jeff bezos. of course, amazon, the washington post, and now potentially the total reinvention of the food and grocery market with the stunning move into whole foods and that space. i think we are all watching to see what shakes out there. those are just two of the people who stand out from tech as well. emily: other tech notables, the founder of softbank trying to negotiate a big stake in uber as we speak, the senior vice president at google. david, what do you make of these picks? david: i think they are great. i think maybe it's the first list of this type in a long time that didn't include mark zuckerberg. that's got to be controversial. i'm curious what

elon musk's twitter no-no when we return. >>> and tomorrow on "good morning america" celebrity chef and author sandra lee dishes up holiday appetizers and desserts. and two-time academy award winner christoph waltz talks about his new film. of your interests in science, technology, engineering and mathematics. gain practical experience with emerging technology and equipment that you can transfer to an exciting new field. get a head start on your career while serving part-time and earning money to pay for college. visit nationalguard.com to learn about all of the stem career opportunities available to you in the army national guard. >>> okay. what do you think, a mistake or ptonight no one is quite sure what to think of a now deleted tweet by elon musk that apparently contained his phone number. an editor at bloomberg reposted the tweet. it was directed to just one person but was posted publicly. a reporter at news website jalopnik called the phone number and got a voicemail message featuring a recording of a video game. very mysterious. >> be careful. >> you know what i do in that situa

. >>> elon musk mission to mars continues the trip. what he's tweeting about now. >>> good morning. i'm landon dowdy, live at cnbc world headquarters. here are the headlines. dow futures up triple digits this morning. it was boosted by the news the senate nearly passed a tax bill over the weekend. the markets stayed low friday because michael flynn was directed by president trump to talk to russians. the dough falling. the nasdaq down 26 to 6847. cvs is buyingette nar for $69 billion. it is expected to close in the second half of 2018 and will create the first health care triple threat creating a pharmacy, pharmacy benefit management platform and aetna's insurance business. this comes as they are facing pressure to lower costs and amazon threatened to enter the industry. >>> elon musk wanting to send the rocket to mars. it will happen with his very own roadster on board. it will lift off from kennedy space center in florida. musk tweeted, this launch is guaranteed to be exciting. it comes two monlts after he outlined the plan to put humans on mars and to colonnize the planet. >>> co

. >> they would have gone into the amazon b the elon -- >> use your powers for good. >> exactly. the elon musk of drug dealing, oh, well. >>> when we come back, why bono remains such a mysterious man. >>> and the new mystery about roseanne. man. >>> and the new mystery about roseanne. it is tougher than your stomach's harsh environment, so it surivies a hundred times better than the leading probiotic. get the digestive advantage. i ...prilosec otc 7 years ago,my doctor recommended... 5 years ago, last week. just 1 pill each morning, 24 hours and zero heartburn. it's been the number 1 doctor recommended brand for 10... ...straight years, and it's still recommended today. use as directed. ♪ >>> all right, so you hear it there, leading off "the skinny," our first look at the revival of "roseanne." >> i don't know why i do the air guitar. it's clearly saxophone. the tv sear ears -- series is finally coming back. the new show pokes fun at how it ended in 1997. >> connor family does not win the lottery, and it's revealed that roseanne's husband dan, played by john goodman, of co

emily: do you think elon musk's doomsday scenario is overblown?e, as mark zuckerberg says? nikesh: i love elon. i think he is one of the most interesting tech visionaries we have. we need people like him to have these conversations, but i think he might be a little early on his production. -- on his prediction. emily: what about self driving cars, which tesla is working on, google, apple? what happens there? nikesh: i think it will be a while before we see a large proliferation of self driving cars around us. i think the economics, the regulation, the retooling required to get this to happen at scale is far, far away. i think we have not thought about the ownership models and the societal problems it will cause, or how do you park these cars? where do you put them? we may see people who do closed loops tests, that can happen in short order. but large-scale deployment and having an impact on the rental business and why failing business is further away. emily: should uber and lyft, google and apple, should all of these companies be working on self d

morgan brennan. >>> while elon musk is in the headlines, there's a somewhat lesser known company in theploration business up 30% this year. it's called maxar technologies it specializes -- see the shares today -- specializes in satellite imagimaging. describes itself of sitting in between traditional firms and new endeavors like spacex. >> joining us, howard lance, president and ceo of maxar technologies he'll be reading the closing bell in a little bit here at the new york stock exchange. welcome back to the new york stock exchange. >> thank you great to be here. >> it seems like all we hear about are the billionaires that want to get into space, whether it's jeff bezos, elon musk, or richard branson. you guys have been doing this for years and both for the government and for private payloads, right? >> we have we like to think of ourselves as a new space company with 50 years of heritage. maxar technologies was formed through the combination of mcdonald detweiler and digital globe. we're the leading provider of commercial satellites, space robotics, ground stations and leading provide

elon musk's twitter no-no when we return. >>> and tomorrow on "good morning america" celebrity chef andsandra lee dishes up holiday appetizers and desserts. and two-time academy award winner christoph waltz talks about his new film. really? really? really? really? really? see zero in a whole new way. get zero down, zero deposit, zero first month's payment, and zero due at signing on select volkswagen models. now with the people first warranty. >>> okay. what do you think, a mistake or ptonight no one is quite sure what to think of a now deleted tweet by elon musk that apparently contained his phone number. an editor at bloomberg reposted the tweet. it was directed to just one person but was posted publicly. a reporter at news website jalopnik called the phone number and got a voicemail message featuring a recording of a video game. very mysterious. >> be careful. >> you know what i do in that situation. my default answer is i got hacked. >> it is a good excuse. >> that covers pretty much everything. you just move on from there. >> not my fault. >> i was hacked tonight. when are we going

. >>> and elon musk makes a promise today. what he says will be the next addition to the tesla fleet of vehicles. >>> new at 11:00, a huge mistake caused a tokyo-bound plane to return to l.a.x. tonight. you're looking at video of passengers from al nippon airways, flight 175, boarding a bus just after 8:00 tonight. the plane had to make a u-turn back to l.a. because unauthorized passenger was on the wrong plane in an apparent mix-up of some kind. model and tv host christie teigen chronicled her journey back to california on twitter for a few hours. in one of her tweets teigen says, "a flying first for me. four hounz into an 11-hour flight and we are turning around because of a passenger who isn't supposed to be on this plane. why do we all gotta go back? i don't know." her husband singer john legend was with her. the plane has been rescheduled to depart for tokyo tomorrow morning. >>> san francisco's giant new salesforce transit center is up and running, technically. the transit center replaces the old terminal that was demoli

. >>> and elon musk makes a promise today. what he says will be the next addition to the tesla fleet of vehicles. >>> new at 11:00, a huge mistake caused a tokyo-bound plane to return to l.a.x. tonight. you're looking at video of passengers from al nippon airways, flight 175, boarding a bus just after 8:00 tonight. the plane had to make a u-turn back to l.a. because unauthorized passenger was on the wrong plane in an apparent mix-up of some kind. model and tv host christie teigen chronicled her journey back to california on twitter for a few hours. in one of her tweets teigen says, "a flying first for me. four hounz into an 11-hour flight and we are turning around because of a passenger who isn't supposed to be on this plane. why do we all gotta go back? i don't know." her husband singer john legend was with her. the plane has been rescheduled to depart for tokyo tomorrow morning. >>> san francisco's giant new salesforce transit center is up and running, technically. the transit center replaces the old terminal that was demoli

tim seymour stuck around but let's get to elon with what is in that bill apparently we're having someficulty with elon -- >> reporter: is now public >> there we go >> reporter: melissa, as you said, that bill

elon musk's twitter no-no. first this morning's "tech bytes." >>> facebook's new tagging tool. >> it'll find your face even if you weren't tagged in a photo. it will also tell if you someone is using your picture on a phony account. you can turn off the feature if you don't want it but you can ask that a photo be removed. so the latest list of the worst computer pass words, it does have some surprises. >> 123456 and password topped the list but letmein and football still on there but less popular. >>> new to the list is iloveyou. >> sounds you wouldn't expect from a bird. imitating the iphone's default ring tone. >> the owner says the bird belts out the ring tone when it gets upset when ♪ [ splash ] [ horn sounds ] dang! ok, i gotta run. hey, wait, there's something i need to tell you- dang. dang! dang! dang. dang. see zero in a whole new way. get zero down, zero deposit, zero first month's payment, and zero due at signing on select volkswagen models. now with the people first warranty. but at this moment, she'

even elon musk banking in it tweeting this out getting other peeps thinking about the exist of otherly beings. all is safe and getting a signal from those communications satellites. they're going to plan on launching the falcon heavy next year. all right. because about a month from now and that one is going to bring in a heavy payload and test it using a tesla sports car in the rocket itself and launching that somewhere. >> good cross promotion for elon musk. he's not stupid, that guy. >> reveling in it. i think it was cool to think the kids thought it was santa. >> the whole thing is so cool. >> we were talking about "the new york times" article about whether they're studying ufos at the pentagon so the timing was perfect. elon musk strikes again, thank you, robert. >>> coming up, the scandal enveloping the miss america pageant. offensive e-mails surfacing and now the action taken against the organization's ceo. >>> and take two. mariah carey getting a second chance to rein in the new year after last year's problem plagued performance. >> adrienne bankert has that coming up. we'll s

tim seymour stuck around but let's get to elon with what is in that bill apparently we're having some difficulty with elon -- >> reporter: is now public >> there we go >> reporter: melissa, as you said, that bill is now public and here is some additional details that we have learned about what's in it the repatriation rates are slightly higher than what we had been reporting 8% for liquid assets and 15.5% for cash previously we were told that rate would be 15%. also the individual mandate, that repeal will begin in 2019, so a one-year delay of the are repeal of the individual mandate. also on carried interest, we are told the three-year holding period that both the house and the senate have proposed will remain also, first-in, first-out provision that would limit investors' ability to choose when they sell their stock, that is out of the final version of the bill other headline numbers are now confirmed. the corporate rate would be 21% and that would take effect immediately immediately. the top rate for individuals, 37%, and that would apply to individuals with individuals of $500,000

elon musk strikes again, thank you, robert. >>> coming up on "gma," the scand scandal enveloping theamerica pageant. offensive e-mails surfacing and now the action taken against the organization's ceo. >>> and take two. mariah carey getting a second chance to ring in the new year after last year's problem plagued performance. >> adrienne bankert has that coming up. we'll see you soon. >>> "good morning america" is brought to you by geico. 15 minutes could save you 15% or more on car insurance. more on car insurance. it's a small finger...a worm! like, a dagger? a tiny sword? bread...breadstick? a matchstick! a lamppost! coin slot! no? uhhh... 10 seconds. a stick! a walking stick! eiffel tower, mount kilimanjaro! (ding) time! sorry, it's a tandem bicycle. what? what?! as long as sloths are slow, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. make the holidays a treat with kellogg's rice krispies. and toys r us hasstmas our lowest price ever on cozmo collector's edition... save $60. and our lowest price ever on nerf r

it was actually an australian software entrepreneur who asked elon musk, the boss of tesla, if he waslping south australia after the state suffered a state—wide blackout. elon musk said yes, he was, and if the battery was not built within 100 days, the state would get it for free. the countdown started on the 30th of september, after approvalfrom started on the 30th of september, after approval from regulators, and tesla managed to finish it in about 60 days, so i guess the state would have to pay now, as, as i mentioned, the plan started dispensing electricity today, it is situated in jamestown, about fixing, just north of adelaide. let's check in with the financial markets now. in hong kong, losses as technology companies have offered some games at energy companies, but then the hang seng dropped back a little, a choppy session for the mckay as well. it finished the session a little higher. the dow is continuing its epic climb, surging above 24,000 for the first time as the us senate move towards proving that massive tax—cut package. 0il prices edged higher as 0pec‘s decision to ext

carol: we talk about tesla and elon musk disrupting the auto sector but it might have to be a chinesehave their homegrown companies competing in this space they're offering healthy incentives to do this. consumers are getting as much as 10% rebates. and we should mention there is a good business aspect. --na needs to have a massive there is a massive problem in the urban areas where it is not healthy. almost two full. that being said, the economic. how much they think they can move into this space, we see the requirements europe has put on in terms of electric vehicle consumption of production. very few people have the ability to produce and mass where we see these going right now in china is a place where you might be able to. volkswagen, gm, toyota. all the big guys that have billions of dollars. where do they fit here. obviously, they would love to tap into the demand we are talking about for the chinese market. when china is intent on building coming have to wonder. >> they will have to pay to play in this market. the european and american brands have sort of a cachet factor among

elon musk is hinting on twitter. gerri willis is at the new york stock exchange where there are questions about tesla. go ahead, gerri. >> elon musk saying this in a tweet, i promise, i promise we will make a pickup truck after the model y. had the core design and engineering elements in my mind for almost five years. i'm dying, dying to build it. well, that is the end of the tweet. i have to say you may have to wait for that truck, yes. elon musk, he wants to challenge the f-series from ford but will he be able to do it? here is with we're seeing. that model y is a crossover, electric crossover that isn't due until 2019. the company is having a really difficult time making enough model 3s. keybanc analysts are lowering the fourth quarter estimates for elon musk's company, tesla. why? because the deliveries on the model 3 are so very slow. they expected 15,000. they're getting 5000. they're disappointed. the stock is trading lower today. i have to tell you, david, when you look at the market cap of this company it is

even elon musk basking in the enjoyment of it all tweeting this video out.ch even getting people buzzing about the existence of other worldly beings. >> we didn't know what it was. we were all just tripping out. >> all is safe and they're getting a signal from those communications satellites. they're going to plan on launching the falcon heavy next year. all right, about a month from now and that one is going to bring in a heavy payload and test it using a tesla sports car in the rocket itself and launching that somewhere. >> that's amazing. >> good cross promotion for elon musk. >> yeah. >> he's not stupid, that guy. >> he's reveling in it. but i think it was cool to see the kids who thought it was santa's slayton. >> that is awesome. >> the whole thing is just so cool. >> just last weekend we were talking about "the new york times" article about whether they're studying ufos at the pentagon so the timing was perfect. elon musk strikes again, thank you, robert. >> they're out there. >>> coming up on "gma," the scandal enveloping the miss america pageant. of

yvonne: we have to call it on must and see how he feels -- elon musk to see how he feels about all ofs. looking ahead to our next hour, we have the market open coming up in seoul and japan. we're also looking at those ppi numbers. china going to hone in on and the credit data for november. it is jumping unexpectedly. we will get the take from the yale university senior fellow stephen roach. he will join us in a moment's time. betty: we will talk bitcoin and central banks. he calls it a speculative bubble. much more ahead. this is bloomberg. ♪ yvonne: 8:00 a.m. in hong kong. i am yvonne man. welcome to "daybreak asia." asia-pacific markets said to build on the gains on wall street. the s&p set a new record ahead of the fed. oil at its highest for 2.5 years. brent jumped as they shut down a key north pipeline. betty: i am betty liu in new york, where it is after 7:00 p.m. on this monday evening. euphoria, but also growing doubts. small volume shows it is still baby steps for bitcoin. hydrogen, traditional combustion. where the auto industry is going. yvonne: just taking a break from bit

. >>> plus, elon musk, well, he's known for disrupting big businesses.this year he sent truckers running for his new all-electric semi truck, but what will be the big disrupter in 2018? we go to silicon valley for a few predictions. >>> and the makers of epipen felt the wrath of consumers last year after it jacked up prices over 500%. well, today the latest greedy drugmaker and how the fda plans to fight it. as more wall street markets, slightly lower. we are less than an hour to the closing bell. i'm cheryl casone in for liz claman. let's start the "countdown." ♪ ♪ cheryl: well, wall street might still be on vacation, some of them anyway. markets moving in a pretty tight range today following that long christmas weekend. you've got the three major averages all trading right now slightly lower, but actually we're off of session low ares. the futures hooked like it was going to to be a muchç tougher day for the markets, dow down 16, s&p down more than 2, nasdaq down 23 and change. but the big ticket retailers, this is great, folks, feeling the holiday ch

stick around to see if our traders think the stock is a buy. >>> tesla ceo elon musk saying he's dyingp truck. shares are down nearly 10 percent in just the past three months the pickup truck would come after the model "y" which would be a crossover what do you think, gene? >> this is a big deal. it adds 15% to the addressable market for tesla more important, this shows how well positioned the company is to the next transition to ev i can't stress this enough, the big bear case on tesla right now is production. this manufacturing hell they're going through. when they're talking about doing the truck, what he's saying is i need to figure out the manufacturing issues and then we'll get to the pickup truck. ima i just want to point out that anybody who is bearish on tesla, car manufacturers will are to go through the same sea change. >> except they have to find a place to produce these new vehicles they don't have the production capacity currently to add a "y" and a pickup truck meantime they're burning cash. >> as far asthe production ability, they have enough production space right now

and elon, where does iran fit into this whole thing? because the iranians have at least have given vocal support to the palestinians and in some places supplied them with military support. >> well, this isn't really about iran per se, but it is a great opportunity for the iranians. you know, i think what the iranians will try and do is play this role of being in the oppositi opposition, the access of resistance. and any of america's arab partners stay close to the united states. iran will use that. so, for example, it would be interesting to see when the next time president trump or jared kushner, even rex tillerson are able to meet with the family. is that going the happen? or can -- does salman feel he can't be seen with the united states for awhile because of the diplomatic benefit that gives to iran and iran's ability to argue the saudis are american stooges after doing this politically provocative thing. there's also a question i would argue that when you talk to israelis, none of them care all that much. they're excited about the

. >> and if you follow elon musk on twitter chances are that you now have his personal phone number atosal. >> wow. and as we head to break let's go ahead and look live across the d.c. region. 5:12 is our time right now. we're at 33 degrees. fox5 news morning coming right back. >> ♪ dunkin' sweet black pepper bacon sandwich is back. with twice the crispy caramelized peppered bacon. experience a breakfast sandwich made for bacon lovers. america runs on dunkin' >> we are back now at 5:14 with your top stories on this thursday december 21st. breaking news right now in australia. at least 14 people hurt after an suv plowed into a crowd of pedestrians on a sidewalk in melbourne. police say it appears that this was a deliberate act although they are not yet labeling it an act of terrorism. two men are in custody. >> clock is ticking for congressional lawmakers to avoid a government shutdown. plans to fund the government for the entire fiscal year has been abandoned. now the house is working on a stop gap bill that would last until january

now this. >>> elon musk in a twitter battle over public transportation.red" magazine this, an i'm quoting, it's a pain in the blank. that is why everyone doesn't like it. talking about public transportation here. there is bunch of random strangers. one might be serial killer. that is why people like individualized transportation that goes where you want, when you want. that is what he says. jarrett walker is public transit policy consultant and he responded with this in cities elon musk of hatred sharing space with strangers is luxury only the rich can afford, letting him design cities is the essence of elite projection. well, musk, responded to that. he says to walker, you are an idiot. jarrett walker joins us. welcome to the program. why don't you respond to the idiot statement. go. >> well, thank you, stuart. it is great to be here. listen what's going on with elon musk statement there, the reason it has caused such an enormous backlash is that he is describing a set of values that just don't work in the density. i think many americans probably agree w

elon musk offered no details but claims the hardware will be the "best in the world."o $17,000 today before falling back. tim draper has long been an enthusiast. he owns 30,000 bitcoins. we ask if he is concerned about a bubble. >> i am wearing my time because it is a global currency that is frictionless. it has that trusted third party that is not subject to the whims of some political force. >> you have been a bitcoin bull for years. you said it would reach $10,000. it has surpassed that this year. what is driving the frenzy in growth. >> i feel like i made it by just one month. it was a three prediction a $10,000, and it hit $10,000 in november. i was getting a little nervous my prediction would not be fulfilled. once it hit $10,000, now it will find a real market value. people are recognizing it is a really important part of our global society. it helps thanks be un-banked and gives you a currency that does not have to float with the political winds. if you are in nigeria and you know it will drop 30% a year, why would you want to use that as your currency. why wou

. >>> elon musk he's known for out of the world ideas.ere's the latest prose hemi >>> tesla made venture into rugged terrain in the coming years. the company's ceo elon musk wants to make an electric pickup truck. he says he's had the core design for years now, but one thing at a time. he says tesla must produce the cross over which could launch in 2019. >>> as 2018 quickly approaches we are starting to take a look back at 2017. a year with violence. news4 takes a look back at the year that sware. >> reporter: it has been a year of change, challenges, conflict, and incredible loss. >> everyone are running and screaming and crying. >> reporter: 22 killed at a concert in manchester, new england, 58 gunned down during a slaughter in las vegas. 8 people rundown by a self proclaimed terrorist along a new york city bike path. nearly 300 ambushed inside an egyptian mosque. 26 burdened inside a small town texas church. >> what can you do? not much but pray and cry and hope. >> reporter: hope, and hard work is what carried houston through historic

i don't think spacex, which is elon musk's space company, is going to go public next year but it probably business has been growing really quickly. really, there seems like a lot of upside. they just had a very successful launch, the first launch of a both reusable rocket and reusable spaceship. they have another rocket, the falcon heavy, that they are getting ready to go right now. so, there is a lot of good news, i would predict, around space. it's something that hasn't gotten that much attention. people are getting more excited about this industry than they have been in decades, so that's pretty cool. cory: there are also some interesting developments in new media. we have spent a lifetime in media. whether it is snapchat or -- i love it in your story on bloomberg.com, you hype minute of session, which is hq -- hype my new obsession, which is hq. max: there's a lot of handwringing. people in the media world have been talking a lot about how these big platforms, facebook and google, have been swallowing up all of the money and how you can't get anything going without being inside of one

it was elon musk is working on another new vehicle. on our homepage. fire recovery centers in sonoma county shut down for good tomorrow. the centers opened to help people after the north bay fires broke out two months ago. and on our twitter feed: some disappointing news for bay area fans of pop >>> happening now, on our twitter feed some disappointing news for bay area fans of pop star shakira. she's postponing her concert until september. we'll have more news in a minute. the bay area. workers found 83 bats at a home >>> an unusual animal rescue in the bay area. that's the sound of 83 bats squeaking. workers found them at a home. the workers were power washing this house and discovered a colony of bats. the bats were behind a mural that featured st. francis. some of the bats were sick dropping to the ground. no one knew what to do. they called the humane society. rescuers came out and removed the bats and treated them at the wildlife center. most of the bats flew back. might be fitting since st. francis is the patron saint of animals. >>> tesla is ad