. >> author eric berger look at the group of entrepreneurs elon musk in the history of his rocket company spacex in his new book "liftoff." the blue willow bookshop in houston hosted this event. >> welcome everyone. my name is valerie koehler and on the owner of the willow bookshop in houston, texas. i know we people joining from all over thejo country and possibly even be on the world. i am thrilled to make to be here with, to introduce an icon of our staff and were so thrilled that they're going to be joining us tonight. so i would like to introduce our guest author and his conversational partner. eric berger, senior space editor cover spacex, nasa, everything beyond. eric is a former reporter for the "houston chronicle" and as we know he founded space city weather so we arell so thrillede is here tonight inea conversatin with andrea leinfelder, space reporter for the "houston chronicle." and being in space city here we have a lot to talk about when it comes to space. i am going to turn this over to eric and andrea, and had a wonderful conversation, and i will come back on and help faci

when you talk to elon musk does he see himself that way? >> yeah, for sure he understands what he does to people and he has an expectation that people who come to work for him are going to work hard because they believe that whatever he is doing and the rare gift that he gives them is the ability to really make a difference because you can be someone who really does fly the first rocket privately. you can build a spaceship that's going to go to mars. it's not like you were going there and waiting forre governmt contract to come through or -- the program is going to be canceled because congress changed it. he has a track record of getting things done so is one of the engineers who left said, look i gave 15 years, the best years of my life and it was the trade i was going to make for thehe opportunity. so he realizes that but he also expects it. i don't want to say he uses people but i mean he expects people to give their all. >> yeah and early on in the book you talk about that he went head-to-head with nasa and a couple of other authorities

space x has an elon musk, he really doesn't care.e, if life is underground, he doesn't think that people on this in the school district that even if they did he would say gorgeous microbes and humans need to be going out in the cosmos inserting on cars and with the problem. the real people and scientists said environmentalists who would raise very serious concerns about that. tso think that ultimately, if space x is immersed with a window and had witha nasa which would help them addressm some of those issues like planetary protections. >> we have a question from somebody, dwight. [laughter] you both know him. how do you think space x when r responding to a disaster where there is lost life of the astronauts. and how would elon musk and faa play out w pretty. eric: i think the issues would not be with faa would be with nasa and u.s. congress which would it be deep in the knickers with a space x if were to happen printed that would be a terrible tragedy. and certainly something possible, there are no guarantees with human space points

as i say he and elon clashed and he was gone but he quickly. >> all right. this is from bruce. our world is deeply divided today with space and space travel. why is that? well, i think the one thing about spaceflight is, it can be a very unifying space. at the outset it was clearlyd war type thing. it was the soviets and the united states and we're both trying to show the supremacy of our various forms of government. but since the 1990s, 1980s we worked with the soviets and the russians in space, and so it has been a unifying adventure. the last decade as our relationship with russia has grown worse, nasa has gone right along trucking with the international space station and working with russia very closely. but most of the last decade americans got in space russian vehicles. i would agree that space could be a competition but it also is way of bringing us together and there's some hope that if we do ultimately end up doing a human mars that it would be a global endeavor. so would be the united states, your traditional partners but also russia and potentially with china. that w

and elon had thought that wasn't fair. he was told not to protest our potentially most important customer, nasa, and he said no, this is not right. we have got to do it. he ended up being right because that protest basically forced nasa to withdraw the award, hold an open competition. that led to commercial cargo, the dragon spacecraft and eventually led to commercial crew. it was one of those contracts that they got in the end of 2008 that saved the company from bankruptcy. so, you know, you take the good and the bad with elon. he's a fighter, and he will fight, when he thinks he's on the right -- has right on his side, he will fight you. >> and i know like when i was reading the book, i kept thinking like okay this is the one. this is the one. i felt like they kept getting such terrible luck. [inaudible]. like when you were hearing these stories, were you thinking like they got like every rough card that they could have? >> i think they probably felt that way. it is interesting -- i mean the book is ultimately around the

i can just picture elon musk chuckling. i am a survivor fan and they were working on the island so long. how many hours of interviews does it take and do you have a favorite one? >> it's hard to pick a favorite one. i spent a long time probably about 20 hours in different settings and then lots of time with the other employees. each one about a two-hour interview and then i would go back with questions and clarification to get feedback and sort of go forward from there just to make sure because someone would tell me a story and i would cross check with someone else and say what do you remember about this. there's lots of fun anecdotes. one is this incident from a 2002 after the company was formed and they were flying to try to find someone to build tanks to contain these. stayed in a holiday inn express one night and they got up and they were down at the breakfasta bar and i guess it was the first time elon musk had encountered pop tarts because according to the company that were in the breakfast room, he looked at it, star

at this weekend's event, elon musk -- elon musk confirmed spacex owns bitcoin.th kathy wood and -- off with cathie wood and jack dorsey chiming in. jack: i think the resilience is there. i think it's important to have fun, as well. any way folks can express themselves, that goes back to the main idea, how do we create native currency? anything that goes toward the path, whatever fun we can have along the way, that's going to make it a more enjoyable and people want to use it. emily: cryptocurrency trading around dirty $2000. joining us to discuss the outside influence of musk on bitcoin is met. matt, every time elon opens his mouth about crypto, it moves. what do you think it means, and is a healthy? -- is it healthy? matt: elon is an iconic leader and a smart person about the payment in fintech. so i think people are smart to listen to what he has to say. he has thought about bitcoin a lot. he sees its potential for the future. long-term, the story about bitcoin is more than elon musk. even the impact of these comments are bigger than just him. it shows that he

. >>> plus, the bitcoin brain trust, what elon musk, jack dorsey and cathie wood said today that sparked a new rally in crypto land. >>> getting real, the real, real rallying on the back of a big upgrade. one of our traders sees even more upside ahead of this stock. we'll break that down. first we start with another higher move far markets. stocks rallying in the close recouping all of monday's losses and this week's wild swings, got our traders flagging some eye popping moves. our traders have come up with the three most ridiculous charts in the market. so we kick it off with the ten-year yield falling as low as 1.13% yesterday morning before rebounding all the way back up to 1.3%. guy, this was on your radar. >> yeah, and we've been together a long time now, and i think you realized pretty quickly i'm not the brightest bulb in the knife drawer, you know what i'm saying one thing i do know is the biggest economy in the history of the world ten-year yields should be the most liquid security out there it should not go in my opinion from 141 down to 125, back to 140, down to 113, up to 130

elon musk is possibly one of the biggest names in this.competitors but they actually all need each other to succeed. to that point, you have proof of that this morning. >> reporter: this photo is richard branson tweeting out a short time ago. it would appear that elon musk stayed at the same nearby ranch with branson overnight. branson tweeted out the following. big day ahead. great to start the morning with a friend. feeling good. feeling excited. feeling ready. with elon musk and richard branson there tweeted out this morning. there is not a lot in the way of accommodations here in the new mexico desert 30 miles from truth or consequences. one of the challenges going forward here is if they bring in hundreds of passengers, where do they stay? there are ngoho tell rooms in the space -- there are no hotel rooms in the spaceport. they were talking about they have to build some sort of luxurious accommodations for people with that kind of money who fly in on their own personal jets to start off with anyway rather than a one star motel. good

we have to put into the mix the company called spacex led by elon musk which has a system that can carry people into the orbit. again, let's stress neither blue origin's "new shepard" nor virgin galactic's spaceship 2 can go into orbit. their flights are necessarily very short. spacex intends in september to have a totally private flight with four people aboard into orbit for several days and musk's ambition and eventually bezos, not so much branson, is to move large numbers of people into space, into deep space. elon's stated goal is to establish a million person city on mars and bezos' stated goal is to move heavy industry into outer space, into deep space and have thousands of people working in space. >> now, there have been quite a bit of criticism of both jeff bezos and richard branson with the whole rich guys who can afford to go to space or through their largest can bring anyone they want into space with them owning their own companies and being billionaires, there's no limit to what they can do, but of course not all of us are billionaires. what do you think about the criticism t

it seemed like it was elon being elon, you know, just spouting off. really has. why is that. >> right. so i think it's clear that this was a bailout of elon musk's cousin and effectively spacex which had lent solar city hundreds of millions of dollars. he effectively paid $2.6 billion for solar city, so guess how much the second bid was? 0.0 dollars. there was no second bid. and the reason why is because everybody knew that solar city was a loss-making company, it either was going to go bankrupt, no bank executive os or corporate executives wanted to test it, and even tesla shareholders were skeptical the day before he did the acquisition, he showed them a fake solar panel that didn't work, hasn'ted, never worked. -- hasn't worked. and so i think it was a bailout. >> okay. so, now, this is going to go before a judge. this is a class action lawsuit, i'm assuming, correct? >> that's correct. >> okay. class action lawsuit. why hasn't the sec weighed in on this? if as clear cut as you say it is, they're always looking to nail a corporate ceo when they can

every time elon musk opens his mouth on bitcoin, it moves. >> elon is an iconic leader and a smart person the payment in fintech. people are smart to listen to what he has to play. -- what he has to say. he has thought about bitcoin a lot. he sees its potential for the future. long-term, the story about bitcoin is more than elon musk. even the impact of these comments are bigger than him. it shows he was concerned about environmental issues. investigated them. he seldom bitcoin is a net positive -- he saw that bitcoin is a net positive. i think it is positive in that light. emily: ethereum rally to more on his could -- rallied more on his comments. what do you make of that? >> i think it is news he has allocation to ethereum. it is moving to a more carbon neutral way of securing the blockchain. it has a major technological upgrade coming in august that is going to make it more like a consumable commodity. it is going to make it easier for individual investors to understand what ethereum is. emily: talking about catalysts, obviously the bitcoin market has been quite sluggish. you see much

it's elon using his profits from the business you mentioned. you mentioned spacex competing with ariana's witches european company, and they sink contracts to launch communication satellites. spacex has been extremely disruptive in this space launch market by having a good product, a reusable booster and a price point undercuts its competitors. again, galactic and blue origin have nothing to do that competition. >> john, you just brought up the elon musk starliner, which brings up this question. you say the government is not competing with these private companies. do you think that however the push for private companies to give up into space in any way diminishes nasa's plans for a manned spaceflight? >> that's a good question. let's divide it into two parts. one is human access to lower armored, the orbit 250 miles upwards where the space station is currently operating. nasa has said he would like to get out of the business working low earth orbit for humans in particular and turn that over to the private sector, because it's in a sense almost

congrats, elon.rd may have beat you to space, but if it's any consolation, creeps on the internet want to cop a feel of your heel. wiki-feet has a widely-respected foot rating system, and -- that line took me by surpris, musk's feet aren't too popular, with a rating of just 2.83 out of 5. ( audience reacts ) that's just for the picture. might've been even lower if they saw the way he moves them. to add insult to injury, musk's feet are apparently the worst of his fellow space billionaires, because richard branson wikifeet page has a rating of 3.3, and jeff bezo's feet got a 3.15. i would've thought he'd be higher, considering that bezos is just one giant toe. ( laughter ) these low ratings are a victory for all of us workin' stiffs. these guys may have all the money in the world, but they don't have what really counts: toes that give strangers a boner. ( laughter ) i just hope anyone out there is enjoying this story as much as i am. it gets better. ( laughter ) now they get a taste of what it's like

we're live at the courthouse where elon musk is testifying.u're about to see on the screen, somewhere, got it? we'll show you when we get back. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. workday. the finance, hr and planning this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. ge

then to look even further ahead, in september, elon musk is launching a private plight to orbit. >> elonusk, the fact that he has been working closely with nasa, has he been doing -- we have read about him, but sometimes in space there is secrecy. has anyone else been doing it to the extent he has, particularly these two, richard branson or jeff bezos? >> elon musk has been the leader in the commercial flight, too. but there are other companies. nasa has picked boeing and their vehicle called starliner. it will launch another test flight with no astronauts on board at the end of the month, maybe on the 30th right now. there are other companies vying for it. then acting space is building a new room for the space station a private room that tourists can fly to. that is supposed to launch next year. >> you were the guy to ask, for sure. thank you to the three of you for staying with us during our live coverage. i am a space junkie, i was really excited to have all three of you on. >>> now to florida, where more victims have been located and closure brought to more families. n located and cl

bitcoin, what does elon plan to do?ccepting it, and the price has suffered. >> you have this ev company reporting earnings. they still hold $3.1 billion bitcoin on the balance sheet. when we found out about tesla holding bitcoin, it was at a higher price. it has fallen from $65,000 to $40,000. the loss is not that big of a deal. it has not been -- it has not dramatically hurt them. it has boost their popularity. but they have said nothing about what it means to customers. emily: i am curious how much uncertainty this is factoring into. our investors nervous to accept or not accept bitcoin? >> how many people think to themselves, today, i shall buy my electric vehicle using bitcoin? we cannot quantify that. it opens up markets to people not comfortable paying in cash or using traditional credit, or people worried about security. he has always been a leader of the new, whether it is electric vehicles or space. it brings in a broader audience for him. it does not help their bottom line much. emily: what are the weak spots?

>> you're going to need an adapter, if you will elon has suggested in the past that he's been working-- the company has been working with automakers to make it work. that's one of the issues you'll have to learn about. >> does tesla now make money on charging stations? in other words they secure electricity from a provider and then they provide it to the tesla owner. is that at cost, or do they have a markup, and will they mark up even more -- >> all great questions, tyler. it is not broken out per vehicle. look, with your model 3, this is what you are -- the average one is paying to charge up at one of these supercharger sites the vast majority of tesla owners as well as other ev owners charge at home. so they don't use the supercharger sites as much as you might think. they do use them there is demand there but it's primarily for people going long distances or they know they have a lengthy commute and can recharge somewhere along the way. >> if i have a tesla can i use a non-tesla charging station >> usually you can there's an adapter to make it work >> finally, is this opening to n

i want to talk about elon musk for another reason.e was at a course in wilmington, delaware defending tesla's to billion-dollar acquisition of solarcity. he said it was not a bailout of the solar provider. he responded to a question from his own lawyer saying he definitely did not have any sway over the board when it approved the deal. the plaintiffs have argued he did exercise control for his own personal benefit. also, elon musk said he never wanted to be the ceo of tesla he just had to be. very interesting story to follow. coming up, another interesting story today. the ecb's strategy shift. our exclusive conversation with christine lagarde. that's next. this is bloomberg. ♪ ♪ kailey: this is "fbloomberg markets." i am kailey leinz. christine lagarde says they should prepare for new guidance on monetary stimulus and fresh measures could be brought in next year. she caught up with my coanchor francine lacqua over the weekend. >> we have a framework. we have a new framework that is unanimously approved by the governing council and we

it is elon using his profits.ou mentioned spacex competing with area on, the european company, and they have contracts to launch communications satellites, to launch them on their own. -- used to launch them on the road and spacex has been extremely disruptive in this launch market with reusable boosters and a price point that undercuts its competitors. again, virgin galactic and blue origin at this point have nothing to do with that competition. jesse: you brought up the elon musk star liner, which brings up this question. you said the government is not competing with these private companies. do you think, however, that the push for private companies to get into space in any way diminishes nasa plans for manned spaceflight? john: good question. let's divide it into two parts. one is human access to low-earth orbit, 200 50 miles up or so, where the international space station is operating. nasa has said it would like to get out of the business of working in low-earth orbit, and that over to the private sector. bec

we know elon musk was there to witness it in person. he's taking notes about what just transpired today. this was grand. it's not just about richard branson and his mission specialist and pilot. he is paving the way. that's his dream, his hope, that commercial industry of space or exploration or sub orbital space travel is right around the corner for people who have the deep pockets for a ticket. >> the idea is space for the rest of us. i'm reading the tweets. a lot of people are upset. the climate is in a bad way, the earth is in a bad way. these billionaires are spending all this money going to space. i don't see it as a mutually exclusive thing to fix our planet and save ourselves and also to expand into the sfron tear of space. the frontier of space affords us opportunities to help our planet. number one, it gives us a chance to remind all of ourselves that we live on this fragile little spaceship we call earth. it also gives us the opportunity to get sensors into or bit to give us a better idea what's going on with climate change.

we saw a combative elon musk. what are the issues at stake?st: it was a pretty interesting five hours on the stand for elon musk in a court in wilmington delaware. he took the stand around 9:18 and spent the first that of time talking about his own personal history under questioning from his own lawyer, going through what got him to hear and then he started getting questioned by the plaintiff's lawyer. the plaintiffs in this case are alleging musk controlled both solarcity and tesla and force this acquisition through as a bailout for himself and his cousin who are partial owners of the company. he was, like you said, combative, but he was very cool. he did not raise his voice, he was sparring with the plaintiffs lawyer quite a bit, joking about how he does not take vacations, about how he did not want to be the ceo in the first place. he just wanted to be an engineer but but it was necessary to save the company. it was a pretty interesting day on the stand. he is going to return tomorrow and i suspect it will be just as contentious. kathleen:

elon musk is here watching.agram account, wished branson luck on multiple levels, john. i have to think that richard branson is floating on air. >> dickerson: thank you so much for doing double duty for us today. and we'll be back in a moment. [speaking in sign language] [speaking in sign language] >> dickerson: that's it for us today. thanks for watching. until next week, for "face the nation," i'm john dickerson. ♪ captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org laila: today on all in, it's one of the most beautiful spots on earth, and the world's greatest free-runners have come to defy gravity and showcase their incredible courage. then we take a dangerous trip into the jungle with a man on a mission to save the mountain gorillas, and we'll fly with one of the bravest search and rescue teams ever to work the swiss alps. ♪ music ♪

that's the baeatles elon musk, jack dorsey and cathie wood.'re doing. >>> if you are stuck in traffic in the hamptons and you need something to listen to, we appreciate being on your listening list >>> dow futures up 900 and markets now positive for the week we're back right after this. hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for business. by american express. >>> the big bounce back rolls on futures are higher as investo

elon musk is the only one who is predicting many time after time after time.he corner or six months away a year ago on the tesla website, confident ceo elon musk said this i'm extremely confident that's level five worked for essentially complete autonomy will be with, uh what will happen and i think will happen very quickly last december, must said. he will be delivering fully autonomous cars to tesla customers in 2021. i think there are no fundamental challenges remaining or level five autonomy. the society of automotive engineers says. level five autonomous vehicles need no human attention without steering wheels without accelerator pedals without breaking pedals and can do anything experienced drivers can do. are we there yet? no. we're not even close. duke university engineering professor mary cummings, a former fighter pilot, is a renowned autonomous vehicle expert who says autopilot and self driving has proven dangerous when you hear full, self driving, think, indeed, your car can drive itself. and then you let it do that. so how soon until truly self dr

tesla's road ahead, earnings out after the bell former tesla board member will tell us what elon musk has to say to kick start the stock and what tesla needs to do to stay one step ahead of the intensifying competition "power lunch" starts right now >>> and right to the markets we'll keep an eye on the momentum with two hours left to go in the trading session. hasbro is one of the top-performing stocks after they reported strong quarterly results. the ceo said price increases will go into effect in the fourth quarter and commented that costs are four times higher than a year ago. up 12.5% today >>> also, within the past hour, american airlines warned of fuel shortages at certain mid-sized airports asking pilots to conserve fuel wherever possible. it is up about 2.2% today and shares of coin base are seeing a nice jump as, you guessed it, bitcoin rallies. the stock is down 20% in the past three months but it is up on bitcoin's rebound ty >>> thank you very much, kelly the nasdaq hitting a record as wall street gears up for what's considered -- it's off it a little bit right now -- the

elon musk saying he owns bitcoin, doge coin and a cerium -- etherium. we saw it rising in the session as well. let's talk about this in a little bit more detail. this is a sentiment, right? not much, to me at least, has changed in the broader outlook for these asset. >> it has not changed much but it really solidified that these people are world-renowned, respectable people in the space and they are really focusing not on trading but accumulating at one key thing i took away out of this is elon musk's mention of etherium. it helped legitimize it. it is up 170%. that coin is that 10% and to me, it adds to this foundation building icy around 30,000. it looks like the market is much more likely to move higher. but in a more adult and orderly fashion and that is my take away from a lot of things that they said. shery: what about you london mosque's comments on renewables -- elon musk's comments on renewables? mike: it is just a matter of time. he knows it. all the mining for bitcoin is clearly going towards renewables partly because it is cost-effective, ch

emily: elon musk in court. the tesla ceo trying to defend the $2.6 billion purchase of solarcity in response to a solar lawsuit. we will bring you his contentious testimony from the stand. plus, beijing' azteca crackdown, focusing on ride-hailer didi which just went public in the u.s.. what will it mean for u.s.-china relations and financial relations? coming down to earth. we will look at virgin galactic shares after that triumphant trip to space by billionaire richard branson. it turns out the company needs additional funds. investors respond. first, u.s. stocks hitting records ahead of earnings. katie grayfield has more in new york. katie: both the s&p 500 index and nasdaq 100 and and at record highs. it probably helps that it was a pretty quiet day in the bond market. 10 year bond yields and it about a basis point higher. dramatic drop in rates. the nasdaq's golden dragon index fell about 0.1% in u.s. trading. it brings the total drop from the mid february peak all the way from 35%. china has been cracking

government has kind of embraced these visions from people like elon musk an jeff bezos.r donald trump, there was talk about going to mars, how he adopted that idea from elon musk and from the private space industry, and joe biden has said similar things about wanting to embrace the private space industry. i think we need to be concerned about the direction this is heading us down because there is worry in the united states about the rise of china. one of the ways the u.s. aims to be wanting to push back on that through militarization and showing its technological power is by doing more in space. instead of in the past wherit would have done that through nasa -- nasa still give contracts to companies like lockheed and other defense contractors -- but in this period, we are looking at more of a privatization of space where companies like spacex and blue origin are trying to be the face of that mission. and they are, as you said, heavily reliant on public contracts even as they claim they are private companies and this is entrepreneurial and these narratives we are used to

we saw elon musk saying just that. [no audio] >> this is out of our control, essentially. it does seem like it is getting better, but it is hard to predict. ed: he was talking about specifically, they did not have chips for the airbag systems. even though we reported tesla can be number, elon musk is reporting even if you find an alternative chip supplier, you have to rewrite the code for that chip, which takes time. it took a lot of midnight phone calls to suppliers to react to the shortage and impacted their ability to produce cars. >> those chip leadtimes not getting any better. what are analysts saying about tesla's earnings given these risks? ed: the focus is on that impressive automotive growth margin. regulatory credits were a factor, but less than a quarter ago and less than the same period, $350 million. model s and model x have sold in smaller volumes, but where the highest margin vehicles. they were shut down when they had the new plant virgins -- plant versions online. china made up a bigger proportion of those exported cars. they also come with lower than aver

we have more repot -- positive marks coming from the likes of elon musk.ake a look this chart on the bloomberg because it's all about those cyclicals that have led to gains for those economically sensitive stocks. now we're seeing s&p 500 earnings estimates surging, surpassing the 40% jump we saw in may and it continues to remain elevated. so it might vote for better results with those measures coming from the markets. investors are really more optimistic when it comes to those earnings results. haidi: we continue to look at the technicals and what history shows us us well. it seems to tell us that u.s. will markets don't just die of old age. it's not a longevity issue that we're concerned about. this is what we're hearing from investors like scott minerd, saying he sees the fall or autumn, by the end of october being a challenging year. and a lot of the concerns have to do with the resurgence of covid-19 and the delta variant, derailing the recovery. dave, our markets overestimating or underestimating the longevity of delta and potentially whatever the ne

lauren: thank you, elon.ring the heat wave. we have that story for you. a new report reveals vice president harris's office is rife with dissent and dysfunction. first, he is running for congress in new jersey as a republican. is he running against high taxes? i'm going to ask him because he is on the show. ♪. ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ nicorette knows, quitting smoking is freaking hard. you get advice like: to deliver our technology as-a-service. try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette ♪ limu emu & doug ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal! who's got the bird legs now? only pay for what you need. ♪ liberty. liberty. l

[laughter] so i'm over elon musk.f ethereum so that when i do "varney," i have some plausible deniability. you have that. neil: you know, if you think about what musk and some of these others have done, when their companies get to a certain heft and then they're con glom conglomerates, then their corporations have to be run by corporations. they need seasoned executives, and i think that's when it gets boring to the visionaryings. it happened to michael dell, certainly to the to steve to jobs, jeff bezos leaving day-to-day running of amazon. there gets to be a point where it's not exciting anymore. they like the start-up; that is, you know, musk with space, that excites them. virgin galactic, that excites richard branson. the day the day running of the company when they become conglomerates, that's too boring for words. what do you think? >> right, because at that point, neil, as you well know, the number one thing for the company is shareholder profits. for those individuals that have reached that stratosphere, yes,

>>i >> elon musk says, let's go on a trip to mars. i won't do that until he takes his mother, then i'll judge that it's safe enough. they have literal skin in the game, and i think that sends an important message to any future customers that might consider buying a seat, of course. >> as we continue exploring space, neil, you write about this in your book, so i have to ask you, are we alone or are we going to find people out there? >> i think it's one of the greatest unanswered questions that we have ever posed to ourselves as a species. you look up at night and you just wonder, are we alone? in the early days before we had visited the planet, are there life forms on all the other planets, now on other planets. we have over 4,000 exoplanets in the catalogs today. i spent a whole section on our efforts of trying to determine whether or not we are alone in the universe. i'll just say the ingredients we're made of, the hydrogen, the oxygen, the carbon, carbon-based life, you look at those ingredients and say, wait a minute, these ingredi

elon musk, day one of his trial in wilmington, delaware. must told the court that tesla's $2.6 billion acquisition of solarcity in 2016 was not a bailout. he also denied bowing to retaliate against any director who voted against the acquisition. shareholders have sued tesla over the deal, saying solarcity was a failing company. musk was chair of solarcity and its biggest shareholder at the time. let's bring in web bush managing director dan ives. the board settled this suit years ago and musk decided to take it to court anyway. what's your take? dan: this continues to be something musk feels passionate about, that this was the right acquisition in terms of solarcity, but investors disagree. this has been a dark chapter. if i look at tesla's history, not an acquisition investors assign value to. investors are looking forward to getting this in the rearview mirror. it is hard to put this as a smart acquisition. it continues to be a black eye, one of the few if you look at tesla in the last 5, 6 years. emily: how black is the eye? he may have

kailey: what is at stake for elon musk?orced to pay that $2 billion back that they paid for solarcity. when you have 187 billion dollars, that is a drop in the bucket. why does it matter? tina: it is important for the idea of governance at tesla. elon is so important to the company, he is the face of the company. a lot of people would suggest the company doesn't exist without him. it is looking at whether or not his reputation is at all atrred by -- tarred by showing that he was not allowing the board to serve their independent function. amanda: given the fact that this seems to be adding to the argument for the acquisition, does this end in elon musk's favor? tina: he is speaking to a single judge, this is not a jury trial. this is a pretty obscure part of the legal world, but this is a court that handles a lot of corporate cases because so many people are incorporated in delaware. the judge -- he needs to basically impress he is not the sole person in charge of the company, that he has to respond to shareholders and is re

jeff bases, elon musk richard branson? i bases, elon musk richard branson?le and all inspired by the programme. the leftists fly in the programme. the leftists fly in the space station. all of them would be fine. but i was a commander. we don'tjust show up on space stations, takes a selection and training and i would choose elon musk because he is the most deeply technical and if we face real serious problems like when we had an emergency space flock to fix a leak, i want someone who has as many technical skills as possible. i would be happy to fly with any of them but i would pick elon, he will be the most useful crewmate. same auestion be the most useful crewmate. same question to — be the most useful crewmate. same question to you- _ be the most useful crewmate. same question to you. i've _ be the most useful crewmate. same question to you. i've never- be the most useful crewmate. same question to you. i've never been - be the most useful crewmate. same question to you. i've never been thej question to you. i've never been the commander — question to you.

>> elon musk is the man, charles.ow to innovate and change the world. he's basically the real life version of tony stark, hes got die-hard fans in a cult-like following everything he touches seems to go up he's literally sending rockets into space so with all that comes from a premium with everything elon musk touches which is why i could never own tesla. the valuations are just too far stretched and that premium is just too high right now. so instead of betting on tesla, if they are going to continue to maintain their market share and ev space, ev's are here to stay whether gm takes market share, ford or tesla remains the top dog i'd rather own the tech in ev space and i'd like to own nvidia. you need gpu's and cpu's that go into the car for ev. charles: that's not a cheap stock is it either luke? >> no, but the growth is there and there's not that premium that comes with everything that elon musk has, so you know, the technology is here to stay, cloud computing, ev's i'd rather bet on the trends that ev's are here t

we had heard earlier from elon musk yesterday wishing him luck but not today. the bottom line is that this is yet another billionaire that has placed a big bet on space, this time like branson trying to make himself a part of it. mixed reviews on a message that he had coming out and talking to the press thanking amazon customers and workers. but that's what built his fortune. we'll talk to a couple of very important people on this subject subject. >> 21 years in the making, neil. jeff bezos blasted off for a historic and near picture perfect journey to space. really couldn't have asked for a better day and for things to go any smoother. they lifted off just behind us here a couple miles back from where we are standing at the launch pad here in van horn, texas. sort of a collective sigh of relief and a big applause once we all realized who we were watching. that the new shepherd had lifted off safely and headed to space. reached speeds up to mach 3. they got to 66 miles above the west texas desert. the four passengers got the view and weightlessness that they on

elon is a wild card and created volatility in the stock.d long-term shareholders, creating a more stable earnings environment is a bad start. tweeting in the past has gotten him in trouble as well >> we see income increase by ten. what does that say because the growth came from sales of lower priced products that were sold with the price increase. >> i think we are seeing from tesla is we are past the long stage of existential risk for the company that is doing something different in the automotive business. that will draw investors as they feel some of the risk is gone. it is always been their goal to make cheaper cars and be the electric car for everybody we are not surprised more and more of the revenue is coming from the less expensive cars in a period of time when cars are in such short supply, you are able to get a premium and sell more of the premium vehicles higher priced cars cheap which is good. >> 20% higher than the last four quarters news on the call that i thought was interesting. i covered the logistics sector with the trucki

caroline: how much is elon musk a help or a hindrance?onny: elon musk, jack dorsey, kathy what, a triple crown of speakers about crypto. they all have their different beliefs. crypto has a different leaf depending on where you are in the world. all three had a different vision as to why they loved crypto. that makes crypto so great. caroline: many we have talked to here, the arrival of institutional money and how you need institutional adoption, and in some analogous way you need to centralize it to have everyone take forward the centralization mantra that is crypto. we had scott minerd on earlier, key man at guggenheim. he is saying bitcoin is going to go to $15,000. this is in the right time to buy. how much is this a worry when institutional money is still on the sidelines? sonny: fairpoint, but three years ago when bitcoin had its big drop, everyone thought this was the end. the sky is falling. now we just had this drop, the institutions that got in six months ago like fidelity, none of them have sold. all of them have reiterated thei

it is a bit like a few weeks ago when elon n1usk_ a bit like a few weeks ago when elon musk said _ aprices went to the roof. if bitcoin and prices went to the roof. if these _ bitcoin and prices went to the roof. if these huge corporations and i believe — if these huge corporations and i believe amazon make more money every year than _ believe amazon make more money every year than canada, if they say they are going — year than canada, if they say they are going to invest or utilise crypto— are going to invest or utilise crypto currencies, that is the moment— crypto currencies, that is the moment to leap on it, not ten nfinutes— moment to leap on it, not ten minutes later when you would lose your shirt — minutes later when you would lose your shirt and every other item of clothing _ your shirt and every other item of clothing if— your shirt and every other item of clothing if you try and get onto it. but it— clothing if you try and get onto it. but it is— clothing if you try and get onto it. but it is very volatile and i agree withjasmine and i am going to stick withjasmine and i am

other news the valve bitcoin is up 8% after elon musk said tesla may accept bitcoin for payment soon.la invested $2.5 billion of its own cash buying bitcoin and since that time the valve bitcoin has fallen by half. that's a disaster. tesla's losses will show up on its next balance sheet. tesla would benefit if bitcoin's value increased. bitcoin supporters and critics have come to notice elon musk himself appears to be the biggest single influence on the valve bitcoin. what he says moves market. you can see them protesting musk's influence on bitcoin. when tesla said he would accept bitcoin for people wanting to buy cars, bitcoin went up. but musk later changed his mind said they wouldn't accept bitcoin and it fell. tesla's bank accounts fell along with it. below $30,000 earlier this year. so, the sudden pivot, again, bitcoin joins 8%. that's very good for tesla. >> interesting. >> interesting to see elon musk controls the crypto currency. remember dogecoin. >> remember when he was on. >> total counter to what people who really love that currency are trying to do. they are trying to ma

. >>> elon musk's plan for super charger stations why non-tesla drivers are cheering that news you're watching "worldwide exchange" right here on cnbc ♪ ♪ ♪ cisco. the bridge to possible. no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ >>> welcome back let's get a check on this morning ears other headlines phillip mena is in new york. good to see you. >> good morning. western wildfires continue to rage with 3 million people remaining under red flag warnings in eight states oregon's bootleg fire now classified as a megafire has burned308,000 acres. some have gotten so large that the smoke has traveled all the way to the east coast. talking over 2,000 miles and is now blanketing cities including new york and washington, d.c., with hazy ski

so i think elon musk with spacex pioneered that with the orbital rockets. they're doing it here with blue origin. virgin galactic's vehicle is reusable. that aspect of space travel is a huge change compared to the throw away rockets of the '60s and '70s. >> and for future space travel and exploration, miles, reusable rockets are essential. >> absolutely, anderson. you know, we tried to do this with the space shuttle, but we came up way short on the idea of reusability. they threw away the external fuel tank. it was very difficult to restack the solid rocket boosters. and the orbiter itself was incredibly fragile, covered with the tiles that proved to be kind of an achilles heel. when you look at what you just saw there, what it really impresses me is everything that you saw there is scaleable to orbit and beyond. the architecture of their system is kind of over engineered for what you saw today. >> hey, miles, i want to bring in the colonel. colonel, what are we looking at here? why haven't they just brought them out immediately? what are they doing? >> wel

cook's remote work crackdown >> shares of google after a high-profile cloud departure, and tesla, as elon musk admits the cybertruck may be a dud. >> all those stocks lower this morning. deirdre. >> and we are coming off a big week of bank earnings. we start with fintech pushing further into crypto services jack dorsey tweeted that his payments company, square, plans to launch a new platform making it easier to, quote, create noncustodial, permissionless decentralized platforms focusing on bitcoin the latest in square's moves into the technology. the company is also building a hardware crypto wallet and about $170 million worth of bitcoin in february but square isn't the only fintech trying to capitalize here paypal announcing today that users can purchase up to $100,000 worth of cryptocurrencies per week. that's up fivefold from their previous $20,000 limit the company is also scrapping its $50,000 annual purchase limit. joanna, good morning to you. i'm thrilled that you could join us >> good morning. >> julie and i are let's start with bitcoin i mean, we see these moves coming on a week