elon musk probably would have liked to have a do over.unveiled tesla's long-awaited electric pickup truck last night. but it did not go as planned. two of the trucks armored windows were shattered for a while, the truck was the number two trending topic on twitter, not always good for publicity. for more our auto reporter. and still with us, gene munster. >> it is symbolic. the glass breaking is symbolic of the tesla story. trying to disrupt the status quo. you would never imagine, not just the glass incident but a few minutes before that during the presentation, you never imagine any company doing that. they do disrupt the status quo. their cars are disrupting the auto industry. that is the one piece of it no ceo in their right mind would have done what elon did with that. separately, it is also representative of who he is. making quick judgments that may not be in the best interests about what has happened with twitter and elon in the last year. unfortunately, you have to take the bad with a good. when i watched it, it was painful to wa

elon musk unveiled tesla's new cyber truck last night with armored glass exterior. except the demo did not go quite as planned. god. my [beep] well, maybe that was a little too hard. vonnie: i mean, that is a strong rock.being throwing that that is all i am going to say about that. for more on the cyber truck and how investors are welcoming it, let's go to david welch in miami today. apart from the demo and that elon musk is going back to the running board on the armored

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because elon and gm are late 2021. >> yeah. yeah. great.u have to bring one right outside our studios in new york city. deal? >> definitely. we will do a road trip out there. liz: robert bollinger, thank you very much. good luck to you. >>> coming up, has taylor swift finally calmed down? with the closing bell ringing in 16 minutes and the dow losing just a bit of steam, we are still up 89 points, the megastar set to perform her hits at the american music awards, but is she over her fight with her record label and its private equity backer? the latest on this musical drama ahead. >>> and you heard of pumpkin spice lattes. how about a five spice chinese pumpkin doughnut or an orange meso pecan doughnut? the man who makes arguably the best doughnuts in new york city bounced back from a near-death experience. richard eng of black label doughnuts shares how one night changed his life and his business forever. his sweet comeback story. you've got to hear it this weekend. folks, you can download it from apple podcasts, google podcasts, fox news p

more on elon musk had car. first, to our top story.he launch of disney's streaming was -- streaming service was met with some technical glitches and crashes, but still, disney plus generated excitement and buzz all over social media. adding to the continued streaming wars. for more, we are joined by rick springfield and bloomberg's lucas shaw. who covers the streaming wars for us. are the technical glitches perhaps a good sign, showing that demand exceeded expectation? rick: honestly, i have no idea. the reality is that technical glitches are sort of commonplace in big launches. you have seen it with hbo and game of thrones. you never like to see these things, it's unfortunate for disney. maybe it was demand driven. who really knows. it is irrelevant in the scheme of this is disney's long-term strategy. bob iger has thrown down the gauntlet. this is the future of the company. it's streaming. it is not even just about disney plus. he is moving fx content. hours after it is on television, on your cable television, it will be on hulu now.

- elon musk's ultimate goal? matt: with 350 satellites they can provide some to the rural areas and will be a relatively small footprint but if they can get that up and running and show there is consumer demand it will get them on the up ground and with these companies that involve elon musk he sells the story incredibly well and that will allow him to potentially gopac out to the kind of funding market and get a few more billion to help the starling program or put directly in the mars program so next year's crystal in the market to sew they can get interest in the product. guy: they got the video late but got it, you see the booster landing smack on target in the tlantic ocean. vonnie: phenomenal. guy: incredibly complex process that just went through and delivered seamlessly. the next stage as we move on is a significant order of magnitude greater. just in terms of how it would work, you just have seen the booster landing there, just explain what that would look like with a star ship landing. like you said, how

bloomberg gast 5000 tesla owners what it's like to live with elon musk's electric car.hree is a car for millennials and gen xers, most of the owners were changed -- were aged 30 to 50 with above average income. most 95% were men. the top cars driven, drivers gave up to give a tesla, the toyota prius was number one followed by bmw series three. for more want to bring in craig who covers the company for us. who are the biggest losers as more consumers shift to the model three? craig: the timing couldn't have been more perfect, this is his project, his baby if you will, this model three owner survey. what his survey found was as you alluded to before the break that bmw is hit hardest by the rise of the model three, while the amount of trade-ins from toyota is bigger, toyota is a much bigger company in this market. they sell quite a few more cars share ofdoes and the sales, the amount of trade-ins that bmw faces is more than mercedes and the top story does go into a great motto detail as to why it harkens back to a ,ouple of magazines reviews these were a performance orient

>> it is a fact that elon musk is the ceo of a major company but he's not your typical major.y the way, he just tweeted about this in the last hour, he wrote we through steel at the same window several times right before the event and it did not even scratch the glass. i am sort of shocked that the stock is down 6%. i think that is bizarre investor behavior because you know there's going to be ups and downs with this company, you know it's a groundbreaking company and a pot smoking on television ceo. this is the most outrageous thing that is happened to them. i assume the work out the problem and it'll be fine. >> they say about lawyers, you should never ask a question of a witness without knowing the answer, never tried to break glass that you think is not going to break that does break. this is very bad and if there's anything consistent about tesla throughout the last couple of years, it's inconsistency and that's why you have such market moves. by the way it lost $3.6 billion of market cap today because of a couple of broken windows. but also i'm not so sure people will lo

elon musk unveiling his latest at an event last night retail wraps up a busy week as "worldwide exchange" begins right now. ♪ >> good morning, happy friday and welcome to the show. stock futures are moving slightly to the upside the dow moving up the longest losing streak. the s&p seeing the longest losing streak since september. the dow is at risk of snapping its winning streak as future gains hold, the dow would open up by about 59 points and the s&p by about seven points as well if you look at the 10-year, we are slightly lower on the day, about 1.755% two-year about 1.597%. japan did finish off in the green up 0.3%. china, you can see closing up as well a half of one percent main land china up 0.2%. in the european trade, we are seeing a little mix there. german dax up 0.25%. those trade tensions continue to be front and center. chinese president saying china wants to work for a trade deal but is not afraid to fight back. our own eunice yoon is with us put those comments in context. >> it is interesting this is the first time we've heard president xi jinping commenting on the interim

as elon musk rolls out a new image for theri an pickup truck.ort,chicago.ghtly business >>> still ahead, an investigation into a brazen ticrime that's h retailers' profits. ♪ ♪ >>> the fcc vote dodd blockel americanom companies from using federal funds to buy huawei equipment. the cmission designated huawei as a national security risk. huawei, a chinese telecom giant, called the order quote unlawful and it asked the fcc to rethink it's profoundly mistaken order. >>> stealing not a new crime of course. but it is becoming more and more expensive for retailers. in fact retail crime losses are at an all-time high rht now according to the national retail federation. earlier this week.me depot said its profits were industry code word for theft among other things. so the company gave u exclusive access to seeht how it fs a ver-ending battle against stealing. courtney reagan has our investation. grab and go. >> you're watching brazen retail theft. this affec our so sure they won't get caught that some even get aggressive when stopped. this surveillance

we're going to start with tesla obviously, elon musk's reveal of the company's new cyber truck.l lebeau has more about the window shatter heard around the world, phil. >> and a lot of people are watching that, carl. can't say the unveils from tesla are boring they showed the cyber truck last night, the design had people saying whoa, what is that. when you look at this truck, it starts at 39,900 when delivery starts in late 2021, early 2022 range of 250 and 500 miles right now, analysts are underwe underwell whunde underwhelmed the appearance was met with criticism. colin rush says we anticipate the majority of consumers will not be inspired by a vehicle so different from current norms as for the armor glass windows and failure, here's what elon musk had to say. >> we threw wrenches, literally threw the kitchen sink at the glass and it didn't break. weird reason it broke now, i don't know why >> not the first time a live reveal of a new vehicle hasn't gone as planned. as you look at shares of tesla, keep in mind this is a truck they say will go into production late 2021, and they

. >> reporter: ford launches an electric mustang and get a congratulations from elon musk? >> how do you go from enemy to frenemy overnight? >> a somber moment overshadowed as the band played on. why usc is now apologizing to cal. >>> you're watching kpix 5 news at 5:30. >>> right now at 5:30 on kpix 5 and streaming on cbsn bay area, the competition getting fast and furious in the great electric car race. but the head of tesla doesn't seem to mind. good evening, i'm veronica de la cruz. >> and i'm allen martin. just hours after unveiling its new battery powered super car, ford got an unexpected marketing assist from none other than elon musk. >> reporter: ford was having a good day, making headlines with the announcement of their new all electric mustang, and then that tweet came in from you know who. at 7:00 p.m. sunday night, ford made the big announcement on twitter, and then 2 hours later, elon musk replied congratulations on the mach e. sustainable electric cars are the future. i hope it encourages others to go electric too. >> kind of stole their thunder a little bit.

as somebody who has gone to a number of these events, elon musk does not like to see anything fail. he is a perfectionist. so when he saw the demonstration of the shatterproof windows shattering not once, but twice, i mean, he tried to put on a brave face there, but having been at these events and having watched him up close, you could tell that this was not sitting well with him. it's one thing to say, we've got a great vehicle, but to sit there and tout that you have shatterproof windows and then to see this happen, that's what stood out the most from the unveil yesterday >> mike, the specs seem to be pretty solid, pretty impressive. did you take a test ride in this vehicle. is that the case if so, what was your takeaway? >> i did take a test ride in the cyber truck. my takeaway was that it did not feel as quick, as blisteringly quick as the rides i've taken in some of the other tesla products, like model "s" and mo model 3. it has plenty of room in the backseat and a jump seat in the middle so you can have six people in the truck. there are no side mirrors and the wheels and tire

first, elon tweeted out a video of them testing the glass, then it showed that when they hammered thegehammer, it doesn't hurt the glass. but it does not explain why the second window also shattered, so there are still a lot of theories floating around about why it happened. taylor: producers and i were talking about this, and we thought, wouldn't you want your window to want to shatter the case of an emergency situation, wouldn't you want to be able to get out? dana: that is a legitimate question, in an emergency, how do first responders break the glass? taylor: very interesting. we will have to continue to monitor. i want to talk about your story, which seems to be good news for the company, where you have the base price of about $40,000, but of those orders, it looks like more work upgrades, will engine models. dana: this will all change, but elon said, like 42% of reservations had ordered the highest -end, which is about $70,000. but these are deposits. you cannot really -- the car is -- you cannot really configure the car when it is two years away. but it shows people are willing

this is bloomberg. ♪ >> elon musk is at it again.n, we mean tweeting tesla reservation counts. this time, it was for a $200,000 tesla's new cybertruck, despite a now infamous launch thursday that the supposed shatter proof glass, well, it shattered. latest,y, i got the from the one who covers the maker. think this that -- this truck does have appeal, particularly to younger people, gamers.n l.a., a lot of people said at first that they hated it, but over the it.end, they came to love it looks like nothing else on the road. even though the vehicle is far from production, i believe that 200,000 people have put down reservations. >> it's been three days but i cannot stop watching the video that we're showing. it is shattering that glass. what was their reasoning that they've been coming out with shattered?hat glass >> you're not alone. i think i've watched it like 20 times. first, elon tweeted out a video that shows frans testing the glass before the big demonstration. then he tweeted yesterday that the car withmered a sledgehammer, tha

. >> elon musk unveiling the new cyber truck. to phil lebeau he has the specs of the new pick up >> good morning. some saying, look, there is a lot of potential but still a lot of questions about exactly how this vehicle would perform if you had a full payload or tow capacity i can't be the only person who saw it come on stage and say, wow, that is way outside the box. they are offering three versions the range depending on duel motor or trimotor ranges from 250 up to 500 miles fully charged. here is elon musk on what they were thinking when they designed the truck. >> trucks have been the same for a very long time like 100 years we wanted to try something different. >> boy, did they they also tried a demonstration of the glass you saw the first time they through a weighted ball at the glass. watch what happens when they try to do it again he asked him should i try to do it again. he said sure, try it on the passenger vehicle. it broke both times. definitely a failure there in terms of how the vehicle would do if they build this

connell: not the first time elon musk had trouble with a launch.a quote-unquote failed launches over the years. mostly spacex related. not necessarily tesla. jeremy owens joins us from market watch. he is the tech editor. everybody is having a few laughs at elon musk and tesla. it was funny. what it appears, or maybe, really is a genius. he has us talking about this truck. he will make another big buzz when they fix it. or that guy with the arm, that threw the rock got fired and bunch of other people at tesla. what's your pick, jeremy? >> no, i definitely think there was one financial analyst this morning who said they probably planned that, did that on purpose. the whole reason they have the big launch event for things that won't show up for years if they show up at all people saying tesla, elon musk over and over again and the entire discussion this morning is around cyber truck and elon musk and tesla and for a car company pays nothing for advertising, does not advertise, this is what they're looking for, have you and me sit here to talk about t

you can drive this thing into battle according to elon musk, but would you drive it to the grocery store? the new tesla that has everyone talking. >>> now at 11:00 and streaming on cbsn bay area, breaking news. new arrests in the orinda shooting investi. ing, ionica la d i'm ken bastida. let's get right to kpix 5's andrea nakano who's live in orinda with what federal agents just uncovered. >> reporter: yeah, there have been many twists and turns in this investigation into the orinda shooting. just last week 5 arrests were made and then on monday 4 of the suspects were released. well today the atf worked with the contra costa county sheriff's department and made additional arrests. they also seized some guns and made an alarming discovery. here are some of the pictures released by the alcohol, tobacco, and firearms agency from san francisco. it shows swat teams and vehicles during the operation. even negotiators were onhand. the enforcement team seized multiple weapons, and according to a national ballistics database, some of the guns were linked to other shootings in the bay area. now th

and elon musk other company, tesla, reports hundreds of thousands of reservations for its new truck,spite is rather rocky unveiling last week. details coming next. this is bloomberg. ♪ taylor: the fall has been a rather quiet period for space endeavors, but that is about to change when we will see space x lead up to 4 falcon nine missions it december. the overall space economy is estimated to reach $1 trillion globally by 2040, obviously capturing the attention of investors worldwide. i caught up with one such investor and a former space x employee, tess hatch now with bessemer ventures. discussed the historic market for the opportunity. >> sally ride, the first female american astronaut went to my school, and when she came and spoke, i wanted to be her for ever since. so i applied to be in astronaut and i saw, and backgrounds like aerospace engineering degrees and work experience. taylor: so you got into this field. where do you see interesting opportunities? how do you think -- how big do you think the market has potential to be? tess: before making predictions, i think it is impor

the fact that elon got this car/truck to this level.now why because he broke the window. >> okay. >> like a new term we can use, breaking the window. >> slightly more serious subject, the second half of sasha b sacha baron cohen is out in print form, calling for regulation, saying the tech companies are propaganda machines we heard a speech last week at the anti-defamation league last week we already have widespread outrage about social media. >> i don't think he moves the needle so much to me, this whole incident, it is like holding up a mirror. people see what they want to see. casey newton pointed out that social media in fact helped create greater interest in the speech that he gave a week ago then the viral effect of social media got it to the point people wanted to read an op-ed from him, and the response on social media has been predictably chaotic. you want to see this as here's an example of the power of social media because it elevated his remarks, look at it that way. you want to say this is an example of the peril of social

hijacked the news. >> it's hard to put ourselves in elon musk's mind. >> reporter: billy riggs is an electric car industry expert and professor at the university of san francisco. he says the tweet could have been genuine or a strategy power move. maybe all of the above. >> it really establishes tesla as the leader that everybody is continuing to play catch up to. >> reporter: ford is gaining ground. the mustang mach e will have an up to 300-mile range and go from 0 to 60 in 3.5 seconds. >> the marketplace is changing. if ford is acknowledging this as well, it show it is entire automotive economy in america is also pivoting. >> reporter: ford has partnered with electrify america to install these fast charging stations across the country offering up to 150-kilowatt speed. this one in milpitas is the first and only one in the south bay with more on the way. and yes, it's right next to the tesla superchargers. >> if ford enters that space and creates an economy where it supports electric charging infrastructure and supports a pivot to new type of vehicle, it absolutely improves the enti

elon musk row in a tweet that the truck will be the company's last product unveil for a while. the fox business network susan li reporting live with more on this. >> as they say, there is no such thing as bad press and despite an embarrassing unveil that went viral on social media, elon musk says 200,000 have put down $100 deposit for their future cyber truck. that might be a bit misleading according to analysts at some individuals put money down to order five or even ten cyber trucks. also putting preorders in doesn't actually mean real orders in the future. for instance, for the model three, 450,000 preorders with $1,000 deposits but only half the number of cars were actually delivered. the cyber truck is a bit more complicated just because you put down $100, you might have to wait a while because you will only get your car once the options you've elected go into production and from historical context, we know that might take a while especially for those that order the cheapest model which starts at $40,000. took a long time for them to finally get there truck. required $1,00

musk the fact that elon announced something again and it failed in the unveiling?hat it really failed. there was the issue with the glass shattering. you don't really need any bulletproof glass in any vehicle unless it is an armored car. this design is so polarizing. it will find some converts, some .esla fans who love the brand there will be people who want the truck. i think the market was looking for something that was more conventional that would be like -- it is a modern look, but it is a conventional pickup truck. that will appeal to some of the core pickup market. some of the analysts are saying it is a very small niche, and you are not going to see the kind of volume. tesla needs volume and scale and needs to start making money. vonnie: thank you for that. that is david welch in miami. our talk of the hour is the world's largest -- shares are up strongly. restricted nickel supply from indonesia. abigail doolittle looks at repercussions of the european union action. abigail: very strong day for these shares. it is helping the ftse 100. we have iron and steel

>> this is one reason why elon musk has been very reticent to talk about it.re hoping to get an interview with the president of the boring company, steve davis. and they would not make him available to us. elon musk has said we want to wait until the project is finished and then come out and talk about it. >> what are we talking about in terms of numbers quickly, boring with the technology they have there, they cut the cost of tunneling down by something crazy, like 90%. >> exactly you know what, it is in the millions range, instead of 50 million per mile, it is something like 10 million per mile it is much more financially feasible proof of concept was in california a hawthorne. phil lebeau saw how it works that's not someone else paying for it and used in a way that makes sense moving people one place to the other las vegas thinks this will make them the premier destination, they're going to be able to move them from one side of the lot to the other inch mo more rapid succession. >> last thing you want to do is start off something like this and end up in the

and tonight we are learning elon musk is admitting that some improvements need to be made...weeted this video of another demonstration tonight... this is his staffer franzer throwing another ball at the window... (grant) frontier airlines say they accidentally sent an email notifying passengers that their flights were canceled. and it couldn't have come at a worse time -- with the busy thanksgiving travel week approaching. on thursday, travelers say they were sent an email saying "there has been a change to your upcoming flight.''the wording suggested a flight cancelation. the message directed travelers to call frontier's "rebooking hotline'' to speak with an agent. customers immediately started calling the customer service number, but some said they got no answer. the airline eventually sent a tweet apologizing (vicki) one of america's largest tuna brands has filed for bankruptcy. bumble bee foods announced that it is selling its assets to a taiwan-based company for 925-million dollars. the sale could be finalized within 60 to 90 days. the bankruptcy announcement comes more

elon invited him to do again. i don't think that went to plan.ut whether the price point or the key price point all the specks will win over traditional buyers of the pickup trucks. everyone from farmers contracters are all the way around in the cybers trucks. but they won't go into sale until 2021. >> in my personal opinion, i think it looks awesome. it's very delorean. i think it's the coolest pick up truck design out there. aside from the bowling jer which will be in small quantities. you say it's not going to be on sale into then. have you heard anything about the possibility of this being sold in europe? or is it only destined for american shores? >> look, internally at tesla, they are a global exean company. they want to get it to asia as well. and while that segment is big in north america, it's growing as well. you see the moment frum the north american market. i just spoke to ben c oombings llo. e said don't worry about the price point is key. low volume. elon has said in the past that they could come back -- if this truck doesn't appeal

elon musk is doing the unveiling in los angeles and happens about 8 p.m.ll be live streamed on tesla's website. >>> i'm going to skip right ahead to next week obviously. that is thanksgiving day. we showed you that a few minutes ago, also a chance for rain now that's looking a little more likely. i want to start right off the bat by skipping ahead to that. first of all, we have the top line right underneath, that is where things stand now. because before we ever get into the details on this too much, i have to point out the fact that this is likely going to change a little bit. it is too far out to get too specific on this forecast. the reason why i want to talk about it is because there's enough confidence we are getting a weak little system that'll get us some rain. first off, earliest timing. showers begin by late tuesday. that already looks a little bit different than it did just yesterday in the models. it is pushing up towards the second half of tuesday for the light rain. the rain is most likely on wednesday. we could see, perhaps, a quarter of an i

charles: elon musk mission to colonize mars. is laying out specifics, how dangerous, time-consuming, how expensive it will be to set up a base on the red planet t will cost $2 million to launch one one hundred passenger reusable rockets t wail take 1000 rockets to transport the cargo to create a sustainable mars city and 20 years to bring up a million dollars worth of cargo. the overall price tag would be $2 billion. i want to bring in theoretical physicist, micioa , kaku. can this be done? >> the dine sauce didn't have a space program. that is why they're not here today. if there was elon musk among the dinosaurs perhaps they would be here. why not become a two planet species even if it costs a lot of money. as general dwight eisenhower said, optimists win wars, not pessimists. we're talking about a visionary whose timetable is accelerated too much. it is doable. there is no law of physics preventing the mission laid out. charles: right. some say general custer was too optimist i can, right? if that is the case, should we put m

well, the time now is about 20 minutes until the top of the hour and elon musk hope to go erase this everyone's moment. >> well, maybe that was a little too hard. [laughter] heather: oops, what he just revealed overnight about the cyber truck's embarrassing debut and the show-stopping moment, country music star chris young joined a fan in the crowd. ♪ ♪ oh, wow! which in this case happens to be the competition - since they don't offer the same amount of cameras as the silverado. literally in the rear-view. where they should be. ♪ heather: welcome back, you're watching "fox & friends first", entire school district in new jersey opening late today because of a ransom ware attack, right now police are investigating the server in livingston, 30 minutes from new york city, important school data is not lost and they do not believe the attackers are in the district. unclear how hackers gained access to the server. new bill in florida would require all public schools to take a moment of silence every day. under the new proposal teachers would set aside 2 minutes for silent reflection, the bi

and his kind of personality or is there fundamentals that can justify it it's absolutely about elonhe new products that are coming and we have be pick up, cyber truck, i believe it's called. let's review since the model 3 watch that's not made money over a cycle. the heavy truck in 2017, none of these have come to market. none of these exist in the world today. where are they where is the capex coming from the growth does not add up especially when home sales are going. production constrained or not. >> collin, as we take a look at some of these production issues, is this something you feel can be justified or rectified in the coming months and what will be you will looking at in the next report that makes you feel justified about the numbers. >> that queen made some material mistakes of the last few years one with the modelx design or the factory design it's an organize that learns from its mistakes. we think they are starting to hit their stride at this point it's called elon are getting tired at this point. the company is generating positive cash flow they are taking market share

but some people are probably listening to me saying, oh, you're naive elon with push the envelope as much as he wants i didn't take it that way. >> he was so active on twitter, updating, 187, 200k. he also tweeted cybertruck is the last product unveiled for a while but there will be mostly unexpected technology announcements next year, which also seems like he's pushing the envelope. >> right but he has said this in the past, that there will be technology announcements look, i expect they'll probably have another battery analyst day similar to what they had last year remember that was the one -- it didn't go over too well with the analysts they felt like they asked more questions than received answers. especially what's going to happen with auto pilot and full self-driving mode. i suspect those are the things we'll likely hear from tesla and elon musk over the next six months or nine months. >> all right, phil, thank you. phil lebeau in chicago for us. so how do you take this news there are a lot of holes in these numbers. >> you take it the way the stock traded today effectively clo

elon musk says german engineering is the main reason but his big european competitors will now be just around the corner what does the move mean for tesla and berlin. and markets listen then as the u.s. federal reserve chair paul speaks before the u.s. congress with few surprises the path where interest rates in the u.s. will remain unchanged. for business on the w m how you come to the program it's an announcement that took germany by surprise the country is set to become home to tesla's next factory in the outskirts of berlin c.e.o. elon musk made the announcement claiming he chose germany because of the country's reputation as an engineering giant he was to say people here are excited amid the intense competition over which region would get to host the premium carmakers facilities and at thousands of jobs. the setting couldn't have been more apt clutching his award for the tesla 3 the lawn must drop his bombshell. we've decided to put. the gigafactory europe. his announcement left even the present to last 2 words. tell us what's your biggest factor is the word and the man serious th

elon musk said germany had been chosen because of its reputation for expertise in engineering. and we need an indian boy who has become the very definition of inspiration abdul qadeer swims competitively even though he lost his arms in an obsession with his family's support he's won 3 national trophies and is now aiming for the 2024 paralympics. i'm sumi so much kind of thank you for joining us one of europe's most important cultural landmarks is facing catastrophe the highest tide in more than half a century has left much of venice underwear. water now the tide level peaked at just under 2 meters leaving homes inundated both stranded tourists awaiting to historic st mark's square you can see the water levels here just under 2 meters that tide now the mayor is seeking government help and he's described the city as a disaster zone. along the sound throughout venice his historic center warning people to find higher grounds to escape one of the worst floods in decades high winds and rain caused the water level to surge to almost 190 centimeters with waves crashing into buildings j

elon musk getting the last laugh. smashing orders. tesla cyber truck bringing in despite the smashing windows. all that and so much more on "making money." ♪ charles: at the moment the s&p 500 and nasdaq hitting all-time highs. the dow right around the 28,000 mark. this after communist china says it will change their rules on ip protection. for more details, edward lawrence is live in washington with more. edward? reporter: chinese state media saying they're very close to phase one deal between the u.s. and china. the chinese trying to show good faith here. china announced new guidelines within the last 24 hours, that would increase protections for intellectual property, and extend more enforcement to patent and copyright laws. now on intellectual property, what china is trying to do, showing it could be a fabric. trying to make it a social fabric within their company or country. the criteria. so protecting intellectual property will be one of the criteria for evaluating local government employees. thus creating an incenttive to follo

one of tesla's detractors just got twitter burned by elon musk.fter he lashed out, the tesla chief offered him to take a tour on the company's facilities. to discuss, dana hull joins us. give us a little of the backstory. >> this has been a long-running attle. every quarter he puts out an investor letter and e line loves this, looks for this and sent a tweet expressing sympathies. >> tesla's stock is on a tear, 40% over the last month. >> they have to explain to investors how they got the third-quarter wrong. tesla stunned everybody with a rofit. now they've got upcoming product launches. >> maybe i'm remembering something that happened earlier, but didn't elon musk signoff twitter? like monday or tuesday? >> last friday he said he was taking a break. it is important to know that einhorn has clapped back. he responded and said i will take your offer of a tour of facilities. let's start in buffalo. buffalo is where tesla builds ts solar panels. it's been a huge controversy , how he state of new york much tax money went into that, the state of new y

elon, thank you. here's what else is coming up on "the exchange. >> ahead, j.p. morgan says lyft gets no respect from investors and it should. zblfrmg >>> amazon is calling foul on the government's jet eye contact. >>> and the casino bet is paying off this year. that's all coming up on "the chge." just ok? guess who just got reinstated! well, not officially. nervous? yeah. yeah me too. don't worry about it, we'll figure it out. i'll see ya in there! just ok is not ok. at&t has america's best network, now with our best plans, at our best prices, starting at $35 a line for 4 lines. new from at&t. platform in the cloud age. when we started datadog nine years ago, our mission was to break down silos and bring teams together. nearly 9,000 of the world's most innovative companies rely on our platform daily to run their business and delight their own customers. we see a massive opportunity in the years to come, and as we celebrate today's milestone, we are even more excited about the future. congratulations datadog. i'm part of a community of problem solvers. we make id

another highlight real for elon musk. buddy, appreciate it.or more, i want to bring in the car coach, lauren fix. it was billed as one of these life-changing moments. it will remake the pickup truck market. got the inspiration from "blade runner." didn't quite go as planned. what does that mean for the company? >> of course he is trying to produce a vehicle that has all flat panels. trying to cut tooling costs, stamping cost. unfortunately the result is a birth of a pontiac aztec with el camino mixed a delorian. it is hideous. hideous. laughter among the community, internals, i will not say what manufacturing companies. are laughing. if you think this goes up against a f-series truck a ram truck, a gmc truck, or bollinger, i'm sorry this will not sell. anyone drinking the koolaid buying one will be sadly disappointed. buying a truck is about pay road lowed, towing capacity, not about performance. this is work truck at best. charles: 75% of these pickup truck owners usually do one big haul once a year or less. in other words -- >> right. charle

elon musk busy with that and spacex. thanks as always, craig trudell. users can interact with the charts injured on bloomberg tv. this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's first word news. president trump kicked off new york city's veterans day tribute today by saying the nations veterans risk everything for us and it is our duty to serve and protect them every day of our lives. spoke at the opening of the 100th annual parade organized at madison square park. he is the first sitting president to accept the invitation to speak at the event. as the president spoke, protesters could be heard with whistles. some chanted, "lock him up." it has been one of them most violent days in hong kong since leaving began in june downtown paralyzed. police shot and wounded one protester. a man said to have disagreed with protesters was set on fire. hong kong's chief executive warned protesters violence will not help them achieve their goals. responding to three weeks of mass protests, chile's government plans to overhaul the constitution.

by elon musk's new cyber truck. musk agreed to forge request for a rematch but now ford spokes people are saying we were just kidding. we don't really need to do a face-off here. we were just joking. maybe next week. what does that tell you? i don't know. what is this small number? does smoke. he signaled 250,000 customers have already lined up to buy the pickup. they have $100 each. 1000 each. it is refundable. what? one hundred, all right. one hundred. that's a lot of money there. at this lego we added a competitor. they put off fox on 30 little tiny wheels. guaranteed shatterproof. elon musk attempt to show the windows work shatterproof when they were not. breaking news, prime minister christie is right now most likely in the air as she travels to washington for talks on the trade deal. she will speak to u.s. trade representative and deputy foreign minister who's already there. canada obviously was not involved in talks for most of the day, must have heard something, we are trying to waiting she must have heard s

. >> plus elon musk's explanation for this rocky roll out.s happened moments before that caused that window to shatter. >> and who a federal judge is now ordering to testify in president trump impeachment inquiry. created thousands of jobs after building a busit he took charge of a city still reeling from 9/11 a three-term mayor who helped bring it back from the ashes bringing jobs and thousands of affordable housing units with it. after witnessing the terrible toll of gun violence... he helped create a movement to protect families across america. and stood up to the coal lobby and this administration to protect this planet from climate change. and now, he's taking on... him. to rebuild a country and restore faith in the dream that defines us. where the wealthy will pay more in taxes and the middle class get their fair share. everyone without health insurance can get it and everyone who likes theirs keep it. and where jobs won't just help you get by, but get ahead. and on all those things mike blomberg intends to make good. jobs creator. lead

elon's response, bring it on. shery: coming up, soft egg under scrutiny.hy are counting practices are coming into question. will go into detail next. this is bloomberg. ♪ is is bloomberg. ♪ amanda: this is bloomberg markets. i'm amanda lang in toronto. shery: i'm shery ahn in new york. fall from grace, softbank haas accounting practices are drawn scrutiny. investors want to know what is behind the rising star evaluations. here to explain is serving ride from san francisco. fiasco, it isrk not surprising the strategy is under fire. tell us how he is valuing these companies. >> there are two main times that sought bank will value a startup company -- softbank will value a start up company. one is when it makes its initial startup, and that is when you see the initial had lines. softbank investing at a $30 billion valuation. to other time it has evaluate a company is every quarter, when it is trying to deliver its quarterly financial results. those are the results that draw a little bit less scrutiny but perhaps have the bigger impact on the company. amanda:

. >> plus what the heck did elon musk just unveil? yeah, that's the new tesla that has everyone talking tonight. >> and stopping suspects in their tracks, the batman style tool that's about to be put to the test. >> and don't forget we're streaming now on cbsn bay >>> behold the new tesla. this is the awaited vehicle, and it's one of a kind. things didn't go quite as planned at the unveiling though. >> welcome to the cyber truck unveil. >> reporter: this is not your father's pickup truck. elon musk unveiled the much anticipated cyber truck to a roaring crowd at tesla's hawthorne facility. the science fiction style electric pick up has a stainless steel shell, adjustable suspension, and a 500-mile range. musk even claimed it would perform better than some sports cars. but not everything went according to plan in the demo. >> well, maybe that was a little too hard. >> reporter: the cyber truck's armor glass broke during a demonstration with musk left to stand in front of the shattered glass for the rest of the presentation. despite tesl

elon musk said tesla chose germany because of the country's reputation for engineering prowess.will create around 10,000 new jobs and it will be based near berlin's new but not open and long-delayed airport. for more on this, i am joined by anthony howard's. mr. musk has come to an end that come to berlin. why did he decide to build a factory in germany? anthony: they started in california, moved to nevada, annual output. it is not yet built. he goes to china and that victory comes on line next year. it was built in one year. they spoke in the early days of learning to make a machine that makes the machine. he has come to germany for robotics expertise, the right place to expand. tesla has been making electric cars for longer than anyone else and would like to keep the lead but would like to get bigger. the giga victory will help with that. brent: i wonder if he is coming here, if that will lead to the new airport being opened at some point in the future. what about production starting? will it be built as quickly as in china? anthony: he says 2021. that is very fast. anyone in

elon musk style. the electric vehicle guru driving fans wild in 2016 when he unleashed the model 3.'s teaser for an all-electric semi truck charging up some of the most well e known names in the business. in fact, the clean-powered big rig already has orders from pepsi, walmart, anheuser-busch and more even though none have been produced just yet. now tonight, just hours from now, elon musk is hoping to get some major pick-up from pickup truck lovers as he pulls the curtain back in l.a. in just over seven hours from now. not to be left in the dust, general motors is taking aim at tesla, racing its own ev pickup to the market. the chevy civil or rad doe parent today saying its electric pickup trucks will be on sale by the fall of 2021. we can look at both stocks here. general motors' shares down one and three-quarters, tesla has been moving up all day long, still up about three-quarters of a percent. we should tell you that the low of the year was $177 when tesla was really going through some rocky times. we are now at $354.74. talk about driving people wild, after the bell's connell

did he turn up >>> it wasn't exactly a smashing debut for tesla's cyber truck, but don't tell elon musk that. the update he provided on sales >>> one year after the camp fire decimated their town the paradise high school football team is heading to the section championship. they beat west valley cottonwood 28-13 on friday night. paradise won without six of their starters who were suspended because of their role in a fight at a previous game. paradise appealed the suspensions of the four players saying they only left the bench to pull their teammates out of the fight, but they were denied. they will play on friday. >>> espn reports colin kaepernick has not received a phone call from any nfl teams following last weekend's well publicized work out in georgia. at least seven teams showed up after kaepernick moved the work out after it was supposed to start. there was a dispute over the waiver. the former 49ers quarterback was asked to sign by the nfl. also karp nrk wanted to be open to the media. he has not played since the 2016 season. >>> and new developments of the protest during the hal

tesla blotches the unveiling of its ev truck by smashing two windows as elon musk tries to .reak into a competitive market are seeing the s&p 500 desperately trying to finish off the week with a positive session. a few negative sessions this week. the first time in a couple of months we have had three sessions down in a row, so today the snp is trying to hold on. the dow is up a third of a percent. the nasdaq is up 0.1%. looking at one of our earnings up 3%, off ofers, session. for the it pleased the street. we know that they are one of those stocks that have one of the most short interests outstanding. there would have been a short interest today presumably. session. now questions about what it does with its pet food decision. as for the retail sector, we've been watching it today. helped by s&p rally nordstrom. it is enjoy one of its best sessions in three months time. stock andment store's general getting a sigh of relief after coming out with better-than-expected profit and sales in its latest quarter. earlier this week, we talked about the challenges for the likes of kohl'safter

one of tesla's detractors just got twitter burned by elon musk. after he lashed out, the tesla chief offered him to take a tour on the company's facilities. discuss, dana hull joins us. a little of the backstory. >> this has been a long-running battle. out anuarter he puts investor letter and e line loves this, looks for this and sent a tweet expressing sympathies. tear,la's stock is on a 40% over the last month. they have to explain to investors how they got the third-quarter wrong. tesla stunned everybody with a profit. remembering something that happened earlier, signoff't elon musk twitter? >> it is important to know that einhorn claps back. he responded and said i will take your offer of a tour of facilities. let's start in buffalo. buffalo is where tesla builds its solar panels. the state of new york wrote down the value of the investment the last month. happen?ikely is that to buffalo,uld all go to but i think it is just like testosterone fueled. elon musk vice to enjoy harassing the shorts? >> i think he enjoys it when he can burn them. th

>> elon musk. >> tucker: is at elon musk?e the name. >> he wants to upload the brain to a computer. >> he said why not implant chimps into your brain so it helps you cognitively function better and to battle the artificial intelligence that's coming your way? >> no thank you. >> tucker: yeah, that's not creepy or anything. not at all. elon musk sounds like he's in touch. okay. this is crazy. okay. final question, also two points. jesse watters. okay. all right. you ready? the game show commission would like us to end on an animal related multiple-choice and so we are. here it is. people in chicago were mesmerized when alligator was singing hanging out in the city park there. authorities spent the better part of a week trying to catch the predicate or on the part brett howell became so popular he received his own nickname. was his nickname letter, allie the alligator, b, chance the snapper, or c, rock the crock? rick? >> chance the snapper? >> tucker: was a chance the snapper? >> we are back now with a search for an alligator