then you look at elon mufng. i know this is supposed to, a private-public partnership but this is a da guy who's built his business model on making a profit off of taxpayers. he was nearly up to $5 billion in taxpayer money. and on top of that you've got transit experts saying there's no way this is going to get done under a billion as cheaply as he says or as quickly. i'll believe it when i see it. charles: i think of the chicago project that took 16 years, building 161 new highway lanes. initially they said it would take 2 billion bucks and ended up costing 15 billion bucks. the idea that this may go over budget, i agree with that. but to your point with the kind of restrictions and the profit motivation out there, i still believe a private company will keep the cost down significantly lower than a city would, a city like chicago. >> of course. when we talk about public-private partnerships, it's pretty much always on the public side. the big boston dig costing five times as much is probably the poster child fo

elon musk is capable of great things.ven if he were to miss the goal by a week or two, even a month, we are long-term investors. we have high confidence in tesla. it is one of the top positions in a few of our funds. we are looking to the long-term here. it goes past the production numbers. we think this is an autonomous electric vehicle story. it is a $10 trillion market globally. we are excited that musk has realized that opportunity. it seems like he is on track to get there. emily: tesla is turning its attention to expanding its manufacturing capacity, talking about opening another plant, which will produce cars, battery packs, and power trains in shanghai. take a listen. >> we are incredibly excited to build our first tesla factory outside of the u.s. in china, specifically in shanghai. we have been holding discussions with the various governments in china, really great discussions, great partners. we really look forward to working with them in the years to come. emily: max, are there any concerns that tesla is movin

. >>> and later on, the windy city gets subterrainian, making a deal with elon musk's bores company.>> if you're just joining us this morning, the attorney general of new york state has sued the president and three of his children, alleging persistent illegal conduct at the president's charity, trump foundation, seeking dissolution of that. the president has now responded. the sleazy new york democrats and their now disgraced and run out of town a.g. eric schneiderman, are doing everything their office for almost two yeaeverything they c to see moon on foundation that took in $18 million. >>> drop box is flying higher this morning we're still trying to figure out why. we have calls out to the company and the street earlier this week, thecompany announced updates to storage technology it's not just dropbox. look at a lot of the cloud names this year, they've been ripping higher as investors appreciate the subscription models, potential m & a. a lot of companies have been reporting, not to mention huge market opportunities in front of them flying higher. by far and away its best day si

the fire broke out june 1st and now, it is only 10% contained. >>> the latest project from elon musk isn't too popular with california firefighters. it is a flamethrower sold to fund the firm called the boring company and as stately butler explains, customers can't get enough of this. >> reporter: flamethrowers that look like weapons are the latest sensation from elon musk and he's already sold 20,000. is orange county firefighters -- as orange county firefighters are extinguishing flames from wildfires, the firefighters are sg we have moisture very low and when you have somebody, kids, playing with flamethrowers, it will be a recipe for disaster. >> reporter: elon musk made $10 million on the flamethrowers to raise money for his tunnel construction company. at $500 each, they sold out but we found them online for about $1500 and on ebay, $2000. they act like a giant bunsen burner. a propane tank of 14 ounces connects to the device and they pull the trigger. firefighters that battled the aliso fire a few weeks ago cannot believe they are legal. lawmakers tried to introduce legislatio

why should elon do it?bly will not want to remove those directors, and he has probably enough support among shareholders to keep them. it is not really anticipated that they will be voted out. he may want to give up the chairman's job. i don't see it happening, but he might want to because he is a busy guy. he has talked recently about taking a more product-focused role with tesla. he sort of hinted about it, but i don't see much changing out of this shareholders meeting simple because he has the support to it, and he does not really like to be told h to run his company or how to do anything, so i see him kind digging in on it. i think he will have plenty of backing, but the shareholders do have a legitimate complaint in that you do have some directors who are awfully close to elon, one, of course, being his brother. that are seen as not really outside directors, but they are in his inner circle. they really want someone given some of the governance issues the company has had, more independent. joe: i'm try

later, elon musk to take the stage at the annual shareholder meeting in less than 20 minutes. we'll bring you the latesthead market site in new york city's times square much more fast still ahead options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scisso 1, 2, 3, go. e*trade. the original place to invest online. no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and wer our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. >> whether i leave starbucks or not, i will always bl in at starbucks. but this has been planned for over a year and my confidence and faith in kevin and the leadership team, the long term opportunity for starbucks, the company is in a great position and it's always been a team sport, it's the right time to leave and every other opportunities and other things i

elon musk's company is planning an express rail loop to the chicago o'hare airport.his animation shows how elon musk's company is going to perform transportation, along electric skates, people will be swept along at more than 100 miles an hour, making the non-stop trip in 12 minutes. >> trevor: this is a damn shame. what happened to elon muse income he went from i'm going to send human kind to mars to i just want to help 16 people get to the airport. that's all i want. ( laughter ) i feel like this is the opposite of invention. he took a car and stuck it to a train track! what's next? i've replaced the engine with a horse! just to be clear, just to be clear, no one is laughing at you, elon. we're not laughing at you. no, because guys -- i've seen movies, every time the supervillain shows up, the first thing he says, they all laughed at me! who's laughing now? we're not laughing. so elon musk, please don't destroy the world. we would love to go to the airport underground. let's move on to today's big news. immigration. over the past few days, outrage has been growing

every week is pretty exciting for elon musk.terday the stock jumped a lot when he promised there would be additional self driving capabilities in tesla cars. today, we saw this layoff announcement. it is something tesla had telegraphed and elon musk had talked about a real organization. he also said the company was going to try to get the profitability in the third quarter, which would require some heroics, so we are seeing the other shoe dropped. people might feel good about this. business the company finally getting serious towards profitability. on the other hand, not great for employee morale to let 3000 people go. emily: elon musk tweeted, difficult but necessary tesla reorg. my email has already leaked to the media. here it is unfiltered. your point about investors is it is going to be welcome news, if it does not impact the production schedule, as he says. does this prove he is willing to make difficult decisions for the bottom line? max: it is really hard to say. in the moments after this memo was reported by bloomberg,

billionaire elon musk, we have this story for you, tesla's elon musk in a wild e-mail exchange with tesla's alleged saboteur who tesla is suing. we have the crazy details coming up. >>> and this story, too. trump national security adviser john bolton heading to moscow to arrange a potential meeting between president trump and russian president vladimir putin. south carolina republican congressman ralph norman is here to talk about that, next. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-week

this animation shows how elon musk's company plans to transform transportation.sengers will one day travel like this from downtown chicago to o'hare airport. gliding on electric skates as many as 16 people, would be swept along at speeds well in excess of 100 miles an hour. making the nonstop trip in 12 minutes. compare that to an hour of hell for the 45 minutes on mass transit for the same journey. >> mr. musk why? why do you do this? >> it seems like we have been stuck in traffic for decades. i don't know, belter part of a century. >> there is a lot of skepticism that this can be done at all. >> look, there were doubters about putting a man on the moon. on anything that is new there will be doubters. >> chicago mayor and the tech entrepreneur turned billionaire businessman musk say it is team to give chicago 21st century transportation. on thursday they visited the proposed downtown station which happens to sit underneath the cbs news chicago bureau. >> in fact, can some one detect we are building the tunnel underneath them. we want to buy the technology that k

in four elon musk. maverick and an extremely clever man... he has now said, he is changing strategy, up to now he said it was about market share. this is i cannot really deliver unless they become sustainably profitable. you look at this... they are burning through cash. this company is burning through cash, has a higher market then gm and produces just a few cars. it is unbelievable. it is unbelievable but so far he has managed to write that unbelievable wave. very quickly, tackle the alpha males. they are calling on britain's banks and other financial firms to battle the alpha male culture. why is there still a story? i used to work in the city, and then i worked in industry, now i do my own thing to stop i don't believe we are going to stop i don't believe we are going to get there. (all me jaded. i we not making great strides? up is the 250 employees have to put out their... hopefully that will do something. i have not seen it is getting better since i was in the workforce. maybe i am just pessimist

was going to say -- >> this is why we're in the situation with elon musk. >> it's working for him.ight. hey. >> beforjeff bezos none of us thought you could run a retail business bomising people you would never make any money e right person in the right situation can sell the unsellable elon has done that better than any ceo in renmemory >> yep 52 billion, market cap and08 >> why is he going to change, if investors are worried he's going to keep doing the same thing. >> good stuff. thank you. always good toou. julia, welcome to new york. >> thanks, roger let's get over to bertha coombs at the nasdaq for the latest on the aetna health as ceo jonathan bush steps down. >> julia, ceo and co-founder jonathan bush steppingown this ahead of the company's shareholder meeting in a protracted battle of control for the electron flick health records firm, follows revelations of jonathan bush having assaulted his wife more than a decade ago during their divorce. this is t management performae. bush and the board have been under pressure to sell the company under activist with elliott management

emily: what do you imagine elon musk is thinking right now?y were represented in the room and i think that they were happy to hear again the resounding support, the interest from the government on all levels, and the interest from the commerce department and their increasing role here. the business of a space is top of mind. emily: chad anderson of space angels, back from that meeting with president trump. that does it for this edition of "bloomberg technology." we will be back tomorrow. this is bloomberg. ♪ >> this is "bloomberg daybreak: middle east." trade tensions rise. china vows retaliation as president trump threatens to place tariffs on another $200 billion worth of imports. warning signals. paul jones says market prices are dubiously high and interest rate policy is crazy. larry summers has this to say. have greatd will difficulty in responding economically if there is a downturn. crude com

elon.t is not a surprise that he won. erik: this is bloomberg. ♪ erik: you are watching "bloomberg best." i am erik schatzker. let's return to our week's top business stories. with microsoft shelling out billions for a company that is a top destination for millions of software developers. >> microsoft has agreed to acquire github. a code repository popular with many developers. what is the logic behind the deal? >> its most profitable business is its cloud business. it is branded as azure. what a lot of companies do when they work in open source software, google has a coding language which it uses for special intelligence. it is a way of on boarding them. >> microsoft has always been a developer-first company. now we are all in on open source. with that coming together, github makes a lot of sense. we can contribute a lot and state true to the original ethos of github. that is how we will operate github going forward, which is developer first. >> starbucks says howard schultz, the founder o

emily: what do you imagine elon musk is thinking right now?hey were represented in the room and i think that they were happy to hear again the resounding support, the interest from the government on all levels, and the interest from the commerce department and their increasing role here. the business of a space is top of mind. emily: chad anderson of space angels, back from that meeting with president trump. that does it for this edition of "bloomberg technology." we will be back tomorrow. this is bloomberg. ♪ haidi: u.s. talks extend the global slide as trade tensions are threatened between the u.s. and china. the trump administration maintained a hard-line, mike pompeo calling the claims of openness in beijing a joke. >> opec considers a compromise output plan to head off an iranian and billion. >> and they are like casinos. how it could of the anti-. >>

. >> and the burning concerns tonight over elon musk flame throwers flying off shelves. make ross your destination for savings. if you're looking for an incredible selection of the brands you love, this season's newest trends for a fraction of what you'd pay at department stores, ♪ you gotta go to ross they'd tell you to go to ross. because there's so much to choose from. listen to your pets. they're your best friends, so they don't want you to spend more than you have to. if you want to save big on pet accessories, you gotta go to ross. silenced during her high school graduation speech.. had plenty of people speaking up for her tonight. petaluma high school n lulabel se >>> a stanford bound student silenced during her graduation speech had plenty of people speaking up for her tonight. >> she had her mic cut off when she spoke out about sexual assault. tonight the community gave the school board an earful about it. >> my sophomore year i was sexually assaulted at high school in the band room. he admitted to it. >> bailey walston graduated two years ago and says the schoo

one of elon musk's latest creations ...t sitting well with california firefighters.why they cannot believe people are allowed to buy a flamethrower ... given the dry conditions ... given the flamethrower ... given the dry conditions here. plus..california senator kamala harris firing back at the justice department's decision to drop asylum for immigrants who are victims of violence. but first... president trump is headed back to the united states... after the historic nuclear summit.however, more questions than answers about whether the deal he made with north norea... is good for the u.s. or not. ((lawrence tease))i'm kron 4 chief meteorologist lawrence karnow.coming up, i will take a look at your 7 day forecast. details are right after the break. vo))((ken)) a big story we are covering tonight...the historic nuclear agreement between the united states and north korea.the summit ended with a handshake between president trump and kim jong un.((pam)) what remains unclear, is whether the united states walked away with a good

a private equity investor, elon's brother, and the ceo of 21st century fox.ee directors are up for reelection, as tesla's nine-member board shows staggered terms. the largest proxy advisory firm followed suit, urging investors to vote against murdoch and and pushed a separate proposal to split the role of chairman and chief executive officer. then, steve, who has been off the board for six months, an unusually long time for the director of a public company to be in limbo. he just parted ways with his own capital firm in november after allegations of misconduct. so why all the pressure on the board? two words, production delays. tesla has struggled to mass manufacture their model three and stock has suffered. iss is also concerned that valor capital management corp. provided consulting services to tesla, for which it was reimbursed over $34,000, a potential conflict of interest. tesla's board has long drawn flak for being comprised of elon confidantes.t in the regulatory filing, vouching for the company directors, tesla stressed their mission to accelerate the

elon has done a horrible job managing the media.tory is that production has ramped up and car is phenomenal, i have one, i used it every day and if the claims were true that this guy is making, we would have seen fires in the model 3. you know, there's over 20,000 on the road minimum and we haven't had one issue with any of them, so i think that it's -- it's, you know, if these claims were accurate, we would see something and we don't. i drive with my kids every day, so, you know, i think this is just the last desperate hope of the short sellers. liz: yeah, the fire earlier -- >> change of story, you know. liz: i need to be very clear about this and maybe you can keep the fire on and squeeze me back, get back on camera because i did some number searching, there are 152,000 car fires per year in america, not involving tesla. tesla has one or two and it's obviously a very sexy story. let's keep perspective here. joe, let's broaden discussion to everybody watching, a lot of people work, run companies, watch fox business, are they vulne

no shortage of things for elon to watch he's giving us a lot to watch, too. have a great weekend, farhad and scott. >> thanks. >> more than 100 get hub coders threatening to leave microsoft unless the company drops its contract with the immigration and customs agency or i.c.e. >> sasha nadella just bought gethub earlier this month but finds himself in a fight with contributors more than 100 of them signing an open letter to microsoft their threat is clear cut. either nadella ends his relationship with immigration and customs enforcement or they'll take their products elsewhere. as members of the open source community and free software movement we are horrified by and strongly object to the trump administration's policies of detainment, denaturalization, deportation and separation as carried out by i.c.e nad ella doesn't want to see tensions like this surface you had him on when that github acquisition was first announced and he talked about ho important it was to build a strong relationship with these coders. >> operated independently, it will be an open plat

coming up, elon musk gave an upbeat outlook for tesla, but did investors buy it?nd a reminder, all episodes of bloomberg technology are livestreaming on twitter. this is bloomberg. ♪ emily: spacex has marked their 11th mission of the year. the falcon nine rocket carried a satellite for a long time customer on monday. they are targeting roughly 30 missions total, up from a record 18 in their valuation has 2017. climbed to $25 billion, putting it on course to become the third most valuable venture backed startup in the united states. in the meantime, tesla held its annual shareholder meeting and the company faced a slew of issues from production delays to the capricious behavior of founder and ceo elon musk. we dug into another point of contention, tesla's board and who is on it. tesla's annual shareholder meeting this year is a big one. first off, mounting pressure to shake up the board. an investment group came first, opposing the reelection of three directors. a private equity investor, elon's brother, and the ceo of 20% rate box. 21st century fox. these three di

they believe in elon. it is not a surprise he won.not know and tell it is filed in a few days, but all three directors were collected and musk stays on as ceo and chairman. >> we have been watching this verizon, new leadership. he is the former ceo of ericsson. forhis the right direction them to go? >> yes and yes. >> ok. >> it was a big surprise. he has not been within that long. people may remember him as the ceo of ericsson. he did a great job. he is a great visionary. he is big on 5g. is thatef and mind too it will transform the industry. it helped to shape him as a good choice for the role, but the timing and actual news is a big surprise to many. that onewas the view person would not stay around forever and so does this mean anything internally about verizon and others who might not stick around in the wake of this? >> it is possible. hans is an enthusiastic guy. is infectious. he is a very likable guy. i can see him smoothing the waters. >> interesting. >> and communicating the vision well. what i always look for in the ceo is

and then you have elon musk sending out a tweet saying, you know what, for those who are questioningther or not we're going to make it or not, they have meaning the shorts out of three weeks before their short positions explode. and as if that wasn't enough news from tesla and elon musk over the last couple of days, there was the fire involving a tesla model s in west hollywood. this was on friday pretty dramatic video. we should point out here that the husband of actress mary mccormick was driving this model s. he was not injured he escaped fine. the tesla team is investigating what happened with this fire the ntsb has not opened an investigation. but it is sending a specialist to watch the tesla analysis of what happened so they can learn a little bit more about electric vehicle fires. so a lot of stuff happening with tesla. a lot of stuff happening withes at the l and fires >> unfortunately for the ntsb which has to keep track of all that in terms of the chronology of it, it wasn't important to keep note of when these things happened because musk's tweet on sunday implies the fire

elon musk is trolled the tesla shorts >> there is no place like home. >> the housing trade looks a bit more like this dorothy, but there is one stock in the space that looks so bad it's good. it is time to risk less and make more let's start with the bank stocks showing signs of life today before selling into the close. down 5% this year lagging behind the broader markets. dan do you think this is a sign of more pain to come >> if you thought the last two weeks was bad, heading into the class. wall street analysts were really positive about this catalyst saying this would save them but they kept selling into it, selg into it. it seems weird to me it sn able -- it isn't able to hold. considering what we're seeing in the economy here in the u.s., this is one sector very elaborate for the growing economy. >> i think the price action is disastrous >> and the world bank index -- this is where the dream was. you're supposed to be long in industrials. disaster and it is getter worse, and now you're getting a pile on people are starting to abandon and it is the beginning of the end and the beg

it's elon musk's boring company. it will take people underground in 12 minutes and his company will pay to build it. on the loop, passengers would ride in autonomous cars based loosely on tesla's suv. the boring company will get to keep the revenue. >>> tomorrow on our award winning documentary series we take a look at some most memorable teens in bay area baseball history. one of the most successful oakland a's teams, and this pitcher was mvp of that series. >> when you put a team together and you have this huge juggernaut team, and you're expected to win, you know, the pressure's really on. you have to perform. there's no room for err error. we won a lot of games. >> tune in for more untold stories on tomorrow's bay area revelations after the dodgers game right here on nbc bay area. >>> imagine this, it's a 90-degree drop. and all the fun that you can handle? our own bob riddell recorded himself. a cattle carcass investn in the south bay. the fight between a rancher and a property owner >>> well, coming up tonight,

. >> elon musk throwing a party after a big win at the capital. >> get ready for a summer -- who will feel the sizzle. >> a look at what the is coming up on "jimmy kimmel live." >> you got injured how many times making this movie? >> more than i have on a ithe race for governort. has turned into a scam. gavin newsom's trying to elect a republican who was endorsed by trump. and villaraigosa's being bankrolled by a handful of billionaires. it's everything that's wrong with politics. and none of it is helping struggling families. here's my pledge to you. i'll keep our budget balanced. invest in affordable housing. fight for universal healthcare. and stand up to donald trump. as governor, you can trust me to do what's right- because i always have. to california schoolsd, need big change. marshall tuck is the only candidate for state superintendent who's done it before. less bureaucracy, more classroom funding. marshall tuck for state superintendent. marshall tuck. >>> president trump's summit with kim jong-un is back on following a white house visit. the delegation from north korea came c

what the artist is demanding elon musk do.ken) (ken) a colorado artist is known for his unique unicorn design... and it caught the eye of billionaire businessman elon musk.(pam) however what musk did with that design .... is not passing the artist's smell test. what began as a playful poke at electric cars... has turned tom edwards into an internet sensation. he created a mug of a unicorn... passing gas into a container... then going through a cord and powering an electric car. the whimsical creation caught the eye of elon musk -- the genius behind tesla motors. but a couple months later -- edwards got wind tesla was using a copy of his bottom- blasting unicorn... to promote the cars' new operating system. (sot) "the straw that broke the camel's back was at christmas they sent out a christmas greeting and it had my artwork on it.""well you know, a farting unicorn is sales magic."(pam) elon musk called edwards quote 'kinda lame' if he chose to sue for money... adding, he is the one who made the mugs popular... but would stop us

>> that 5000 goal a year -- it has been what elon musk calls manufacturing help.they can continue to do it that it will generate the cash that the company needs so they don't have to generate more money. elon musk says they will be cash flow positive in the third and fourth quarter and start to generate a profit. that rate is very key to success in the future of tesla. >>this goal was delayed twice. i am sure there are a number of fact there's. do you know any of those factors? >> it started off with the company rush to put out this vehicle. they had issues from the get go from putting in the equipment and then they had troubles with the factory that makes the batteries and they had issues with over automation of trying to do too much with robots. elon musk even admitted that he relied on automation too much this time around, it is part of the overall vision for how he wants to revolutionize the world of automotive manufacturing, making a greater and greater automated then what the rest of the industry is doing. he said in this case he did too much. he is going to

there's so much attention around this stock. >> elon musk is not an alarmist. he is very practical he is very pragmatic i happen to know that. we have to really take this and understanding the transparency of sending an e-mail out and announcing this is a very positive step for elon musk. if you're going to -- you can't really do apples to apples here. if you look at what facebook is doing and what travis did at uber, they kept everything inside that was even more of a danger he is going out and saying to all of his employees, we have a leak we have a problem here let's all work together. when 40,000 employees, 99% of them are great, 1% of them might not be so great, that's not bad. that is noth going to -- this is not going to take -- it's not going to hit the company as uber got hit and facebook got hit i think he's taking a proactive approach and i commend him for being transparent. >> mike, comparison to uber there. what's your thoughts, embattled at least in his reaction to shorts. >> totally i think -- my read on this e-mail is like one of these dangers f

. >>> elon musk hopes to deal -- deliver on a promise by cutting jobs from tesla's workforce. no factory workers would be affected as they ramp up production of the lower-priced model three. the cuts represent 9% of the 40,000 employees, which workers would be affected by this? >> basically all the departments except for those working on the line in fremont. all the various departments across the company. it comes at an awkward time as they don't just try to ramp up production of the model three but are preparing for the next car, a compact sport utility vehicle that the ceo has promised to display next march and start production in 2020. remember, in the automotive industry it takes a couple years to get things going so there is a lot on tesla and it will be hard to take . >>> elon musk wants to produce 5000 model threes per week. you think the numbers feasible? >>reporter: elon musk tells investors recently that while he thinks it's likely, they are on track in his mind to do that but that's the big question. it's a goal that tesla has not been able to accomplish in the past

an emotional elon musk addresses shareholders as he says the carmaker will likelyit its model 3 goal stay tuned these birds once affected by oil are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home > welcomshow former chief executive of cambridge analytica, alexander nix, has been accused of taking over $8 million from the firm just before it collapsed investors speaking to "financial times" say the money was taken soon after the company's role in facebook's data leak revealed in media reports. nix is being urged by investors to return the money. he has not commented on the report. >>> and facebook has announced that it has data-sharing partnerships with at least fourg huawei, which has been raised by u.s. intelligence services as a national security concern. the four chinese companies are among 60 firms worldwide which haveecaccess tme user data after signing contracts with facebook. on tuesday, the social media firm said it would end its partnership with the four chinese firms. >>> and an emo

in our business update, we tell you why elon musk got emotional at his shareholders meeting in california. and a win for gay rights in europe, the top court says a american, has, an the right to work and move within the european union. live from top story paris. ♪ anchor: a general strike is on today and jordan, trade unions calling for the strike after demonstrations broke out in the capil of amman. the prime minier resigned two days, against a new tax law is growing. the protests have bsm an those seen elsewhere around the world, but they are still the first time any mass to mr. sheehan have rocked the country in five years -- mass demonstratns have rocked the country in five years. reporter: their pockets are empty, but their demands are clear. the resignation of the prime minister is not enough to keep protesters from pouring into amman. there have been many in the past years. the latest was appointed by the king this week, he is the eighth prime minister in 10 years. >> e-government shuffle is not enough. we are not asking for different people, but for a different economic policy. is

the unusual way tesla's elon musk is trying to speed up production of the model 3 to keep a promise. the 4 on 2 starts now. >>> and one of the most closely watched and highly anticipated cases, the supreme court sides with the white house on the president's travel ban. they said he didn't violate the federal immigration law or constitution. i'm heather holmes. >> it drew sharp criticism from immigration advocates. the court was sharply decided on whether it was motivated by antimuslim bias. >> today's ruling marked the first supreme court administration ruling on a policy, but much of the country is divided over it, and today's ruling showed the nation's highest court is as well. >> a tremendous victory for the american people and for our constitution. >> reporter: the president today celebrated the supreme court's ruling, calling the endorsement of his authority to ban travel from mostly muslim nations a moment of profound vindication. >> we have to be tough and safe and secure. at a minimum we have to make sure that we vet people coming into the country. >> reporter: at issue was w

the founder elon musk was quick to point out that none of those lay offs will come out of production lines. we have also learned that none of the workers at tesla's freemont plant will be let go. tesla has been suffering massive losses reported in the hundreds of millions of dollars. >>> meanwhile there are some burning concerns about one of elon musk's other projects. a flame thrower customers can't seem to get enough of. stacy butler shows us. >> reporter: flame throwers tha look like weapons are the latest sensation from elon musk. tonight as orange county firefighters extinguish another blaze the new flame throwers have crews seeing red. >> we have had three major fires in orange county just in the last couple of weeks. everything is ready to go. we didn't get the rain this year so everything is brown, the fuel moistures are very low. any time you have somebody or kids playing with these flame throwers it will be what we say a recipe for disaster. >> musk made $10 million on the flame throwers to raise money for his tunnel construction company. at about $500 each they sold out. b

. >> elon musk throwing a party after a big win at the capital. >> get ready for a summer -- who will feel the sizzle. >> a look at what the is coming up on "jimmy kimmel live." >> you got injured how many times making this movie? >> more than i have on any you wouldn't accept from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase. internet. but not it's "you've never gamed with speeds like this" internet. it's "all your teenagers streaming at once" internet. it's "i can get up to one, two, three, four, five mobile lines included?" internet! it's internet from xfinity that makes your life simple. easy. awesome. see how you can save by getting xfinity mobile included with your internet. get started with xfinity internet with more speed than ever for $29.99 a month for 12 months. click, call or visit a store today. >>> president trump's summit with kim jong-un is back on following a white house visit. the delega

the company has also been in the news after elon musk announced a 9% layoff to turn a profit. that's about 3600 workers. he wrote in an email that the company will never achieve its mission to help move the world to cleaner energy unless, "we eventually demonstrate that we can be sustainably profitable." according to bloomberg, tesla got a temporary permit to house the tent out there. no word on how long this will help with the model 3 production or if it's fully operational. the team went into a cave after a weekend match. but then monsoon rains trapped them inside. they've been missing for 3 days. authorities are racing to pump the water out. the water filled the cav >>> in thailand, a race against time to rescue 12 boys and their soccer coach from a flooded cave. the team went into a cave after a weekend match but then monsoon rains trapped them inside. they have been missing for three days. authorities are racing to pump out the water. the water filled the cave to its ceiling. officials hope the boys found a safe space away from all the flooding. thanks, neda. "adlib big b

. >> elon music is -- elon mu is going after a former employee who he believes stole company secrets.r employee is said to have hacked in to the computers, and martin trip stole confidential information and leaked false information to the media about tesla. he allegedly admitted to tesla investigators that he transferred several gb of data outside the can be. the lawsuit comes three days after musk warned the employees of somebody sabotaging the company. >> t cracking down on powdery substances. things like make-up, and spices, if a container has 350 mililite the size of the soda can, passengers will be asked to move it to their checked luggage. >> and another name for you, ronaldo. we will check in with the world cup after this. you have to adm nothg giants this season. but with all the drama and freak injuries, they are hanging in there. >> they are only 3-1/2 games out of a playoff spot. appear ahough of sunshine in mccovey cove, the dog days begin tomorrow. the giants wrapping up a tough series with the marlins. picking it up, bottom of the sixth. gorkys hernandez with a two-run s

the layoffs at elon musk‘s electric car company come as it tries to increase production of its modely profit this year. wpp is reviewing the way it implements its codes of conduct following allegations about the behaviour of the group's former boss martin sorrell. the review is ahead of a potentially stormy annual meeting on wednesday and follows publication of a ft investigation into the circumstances surrounding sir martin's departure from wpp. it's the game everyone's talking about — good and bad. since fortnite was launched last july, the shoot—em—up has gripped millions of children and been downloaded more than 45 million times. dave lee has been at the e3 gaming industry event in la and tells us what all the fuss is about. the idea with fortnite is there up 100 players all online and they fly in and it isn't basically —— and it is basically last person standing wins. it sounds simple but it has many people absolutely hooked. the best game right now. all my friends play it and it is really fun. it is everything, like the way... just everything. all the stuff is consta ntly every

the board advised keeping elon musk as ceo as chairman.ers have proposed the idea of an independent chairman amid claims targend the board had failed to oversee elon musk. nxp higher after reports zte signed an agreement. the reuters report also quotes the commerce department, saying an agreement has been signed. the chinese company has replaced top executives, and president trump said it can resume business if it paid the $1.3 billion fine. government has asked saudi arabia and opec producers to increase oil production by one million barrels a day as retail gasoline prices surge to their highest in more than three years. president trumpas publicly complained about the opec policy that boosted prices. it is highly unr washington ask for a specific output hike. the international atomic energy drawn up a iran has tentative schedule for boosting production of uranium. the plan was outlined in a dayter submitted mon following the call for the nuclear industry to be ready for work. the iaea said iran is sticking to enrichment limits under the d

elon mask says after a month. back in a moment. right here. ♪ maria: big day yesterday.lways on california with the gubernatorial seat up for grabs in both parties hoping to flip the crucial house the come november. cheryl: maria, good morning. democrat lieutenant governor gavin newsom crews to advance to the general election after taking one of the two top spots in the jungle primary. he's going to face president trump backed republican businessman john cox in the general election to replace jerry brown. >> didn't see the halftime score is looking very promising and the whole team is winning big. be careful, mr. new sub. be careful what you wish for. cheryl: dianne feinstein easily advancing to defend her seats. democrats hope of writing a blue wave. it really depends on the outcome of the republican held seats for hillary clinton won in 2016. 23 total seats in the house to regain control. at this hour, some of the seven races are still too close to call. to montana where state auditor matt rosendahl had won the nomination for the u.s. senate in race against incumbent s

>> well, elon yesterday told shareholders he's expecting that next year.e's on twitter, previously talked about how the economics of making that $35,000 vehicle just weren't there while he was ramping up so, what he needs to do is make these more expensive versions that have higher margins and then can bring in that less expensive version that he sees is really bringing the masses into the car, mass-market vehicle. >> what's your take on, and it's really a question about his approach to talking about certain things he talked about this factory that he plans in china, yet, there's no deal yet to do it and so, the reason i ask is whether you think that that's just another effort -- i mean, people criticize him for being too promotional and trying to, especially during this period, which is clearly quite complicated for him, to try to keep investors believing >> right the idea of what's next. the tesla investment story's been what's next, what's the next exciting thing he can do. well, he has been talking about china for a while now and he's wanted to go into

elon musk remains as chairman and ceo of the company. is that too much control or is it necessary for a pioneering company such as tesla? let us know. just use the hashtag bbcbizlive. send us your views on that. a lot of you getting in touch with us already. we start in mexico, where the government there has announced new tariffs on us products in response to donald trump's decision to impose steep duties on imports of steel and aluminium. mexico will put tariffs of around $3 billion on imports of whisky, cheese, steel, bourbon, and pork. the central american country is the largest market for us pork exporters. so it will hit them hard. the trump administration last week levied tariffs of 25% on steel and 10% on aluminium imports from mexico, canada and the european union, angering key us allies. the move comes amid fraught attempts to renegotiate the trillion—dollar north american free trade agreement. known as nafta. the agreement governs trade between the us, canada and mexico. us—mexico trade is worth about $600 billion annually and

musk asg elon chairman of the carmaker.n a daily basis, tesla shareholders sided with the board. what does that mean for tesla for the future? clearly an endorsement for elon musk. controversy over governance at tesla for several years. it got worse recently as they kept missing production targets and shareholders were calling for more oversight. if you look at the shareholder base, it is a lot of big investment firms, fidelity being one. they double down after the silver city deal and bought more shares. these are the true believers already. they are saying stay the course. we will stay with the plan and we think he will make us a lot of money. is the mainat concern for tesla that shareholders could have? is it that they are still burning through cash? >> they have a number of concerns. as smart as elon musk is, he has manyx, the boring company, pursuits, hobbies, companies, and tesla is at a pivotal point. if they don't get the model 32 full production, they will not cash the second half flows and profit. if he is distrac

elon musk responded with a 16 page letter saying tesla already complies with the workplace standards in california and said the state unfairly singled out the company. the proposed labor rules could be approved by regulators in as little as one month but they said it would take up to two years to enforce the rules because they would give time for changes. live in fremont, sandra osborne, kpix5. >>> let's check the traffic to see how the roads are looking. >>> a few new hotspots and one on 680 with reports of a crash in that same location. two crashes on 680 through danville and this is a live look just before the scene of the crash. traffic on the right side going northbound, we are not seeing a back up. this is near pine valley road and further north, this crash is the first roll-over crash at this area and we have at least one, possibly two lanes are blocked. we are seeing a delay in both directions and the longer stretch of that backup is developing. 17 minutes with the ride going along 880. it will be a slow stop and go ride with an earlier crash at foster city boulevard, no long