sonali: what about the rest of the elon musk world?pening against a backdrop in which he's facing multiple lawsuits. >> many lawsuits across many different companies. the latest is the sexual harassment lawsuit brought by spacex employees. you also havoc class-action lawsuits and lawsuits involving severance to farmers employees of x this is. who elon musk delights to take reap -- legal risk and when challenged, he fights. he's always been involved in these scandals but what's different right now is you have this new political mix. elon musk is getting closer to president trump as we and others have reported and becoming essentially a more polarizing figure than he was in the past. long-run, that could present some real challenges for tesla which depends on marketing to consumers. sonali: power with more dollars in the bank. thank you so much for breaking it down for us. be sure to catch the podcast of musk inc. which max hosts. coming up, the private credit world joining the bond issuance rush. more on this story in today's wall stree

>> elon musk will be elon musk. there is definitely going to be a lot of talk around this but i think apple's messaging was clear. if you are using ai the way they have shown this and everything they have shown yesterday it will give you a personalize, customize experience, keep most of the things on device. they are not using -- i think there's a lot of confusion. i was looking into this myself. we have our team to verify is it the models being used all apple intelligence and the futures we saw, whether it is the summarization, search. everything on device is based on apple's own ai models. the chatgpt and openai comes in when you are trying to prompt siri for question that siri cannot you see information on your phone to answer. that is the future you will give siri access -- give your permission to access chatgpt. the way they have messaged it it is clear everything you do on the apple device will be secure and even when apple or the device can't use its own on device ai model, will use apples secure cloud to per

caroline: i want to turn to another one of elon musk's companies.here's reporting, this is coming from the wall street journal at the moment that elon musk pursued women working at the company for sex including former intern, citing affidavit signed by this woman and other interviews. what do you make of the reporting for the wall street journal? >> it's a bombshell of a story in these allegations are quite serious. that while running this company he was seeking relationships, sometimes sexual relationships with women who were his subordinates. it is certainly creating these questions about the power dynamics of his companies, not just space x but raises questions about all the companies he's in now and is he abusing his role as the leader, the executive, the person with the power to create these first relationships and these are all again complications, of the reporting looks pretty solid but i just think again it raises these questions for these other companies and for tesla right now they're about to have a big vote, you wonder how much you need

whether it is elon, bezos or zuckerberg.lism and we have to reverse this. you and i talked about this before, we do this getting everybody into the game, right? not through more power to the state by empowering individuals. i think we should make every child an owner an investor from birth with an investment account. you know i'm working on this with legislation called invest america. this is the firewall and defense of capitalism and free enterprise and it's those systems that have given us all this inventiveness, all this prosperity and people, you know, of all stripes, everybody in this country needs to feel like they have a shot, rather than feeling like the system is rigged against them. and you know, so to me this is an important ruling, not just about elon. not just about tesla, but it really goes to the heart of free enterprise and what makes this country great. when we make deals with people and, you know, they travel around the world, they give up everything, they put it all on the line to start a company like this

so, again, we will be hearing from elon musk shortly.y did not give vote perc percentages, so, we don't know by what margin both of these proposals were approved, only that they were approved. and with that, i'll send it back to you. as soon as we hear from elon, anything ofnote, we'll let you know. >> phil, thank you. te t let's get back to the markets now. may's producer price index pulling back 0.2%. that print sending treasury yields falling with the ten-year now at its lowest level since early april. and helped the s and p and nasdaq set a new round of records here. the rest of the reaction of the markets, though, i mean -- it didn't really make much sense. >> yeah. very odd. the bond move, i guess makes sense. and it's interest, we had the call at 12:00, 12:30, we had the conversation about the treasury auction, and it was very good. and yields took another leg lower. so, that argument that i've been making, at least the last couple auctions, is not holding any water. i still think yields probably start to continue to go higher. so

elon musk has been clear— competing in. elon musk has been clear on _ competing in.on that. - competing in. elon musk has been clear on that. when - competing in. elon musk has. been clear on that. when they have a list of results, he has been open about the challenges and high interest rates and how thatis and high interest rates and how that is deterrent spending on expensive vehicles like tesla cars. the question now is shareholders, it would seem, if he is right and have voted overwhelmingly in favour, believe he is worth $56 billion and it should still be at the helm of the ceo. he and it should still be at the helm of the ceo.— helm of the ceo. he is the figurehead _ helm of the ceo. he is the figurehead of _ helm of the ceo. he is the figurehead of that - helm of the ceo. he is the | figurehead of that company helm of the ceo. he is the - figurehead of that company he drives and says something on acts and the stock price can move regardless of what the action is. the dull back of production footprint in mexico. there was going to be a gigantic plant within is

caroline: elon musk coming up. tim: adobe surging. caroline: the g7 in italy as the pope warns on ai. lackluster economic data in the u.s. on consumer sentiment ratcheting up the risk on, risk off concerns in europe, as we worry about the french political situation. nasdaq holding up well. the s&p worse. the cac 40 slumping. i'm ashamed. we've wiped out 200 billion dollars worth of capitalization. that's the size of the greek economy. we are worrying about the political situation and macron. a lot being dissected in europe. euro off .5%. it is not risk off everywhere. small moves for crypto, a volatile asset class. maybe i dial back the never-ending money. tim: no dial back going on in shares of adobe, having their best day going back to '20 after the company reported yesterday. they beat on the top and bottom lines. they raised their profit forecast for the fiscal year. digital media net new returning annual projections above estimates for the current quarter. more on adobe coming up. tesla today, it's the day after the shareholder m

or without elon musk. do you feel that this is too threatening absolutely he deserves every penny he is getting pretty wants a lot more pennies and this is unheard of compensation, i know it represents a course taken the company that's what he wants guaranteed that was when the stock was a lot higher and $56 billion maybe 45 or $46 billion still a lot of money it comes back but is he worth that or is he compensated in enriched enough as a large stakeholder in this company anyway? >> is a great question, look at the stock it went up over the last five years, 12 fold he has reworded his shareholders, tesla was on the verge of bankruptcy, many times in the past, that man put in 16, 18 hours, if he's not that pitted me of entrepreneurship and sweat equity i don't know what is. >> i agree with all of that and i think is a met and turn amazing thomas edison overtime his 13 or 14% stake he wants to double that and that's his wish but then you start to ask one guy controls one out of four shares as an investor in

in this case they can name elon musk personally as a defendant.the labor board can't. caroline: we want to get to the response from spacex and musk. they previously denied wrongdoing and said the fired employees violated policies and musk was not involved in the termination. have we seen responses coming from the business more coordinated fashion to try to tackle at least some of the issues that are being circulated amongst citizens and those within the company? josh: we have seen in the wall street journal glenn shotwell the president saying allegations made don't reflect the culture at the company. the lawsuit that these fired engineers filed seeks to get a court to force the company to change his policies to address what they say is the company and ceo knowingly creating a hostile work environment and retaliating against people for bringing it up. they note musk has publicly mocked misconduct allegations against him in the past. tim: what could the applications be for space x if the engineers are successful in their lawsuit and the applications

tom: that of course was elon musk. we would love to hear from elon musk talking about a. the best person to talk about u.k. politics i would argue. lizzy: not sure we are getting prime minister elon in the u.k. keir starmer is saying he will not raise any of the three main taxes in the u.k., vat, national insurance or income tax. to state the obvious, this is a manifesto pledge, so if they raise those taxes and government, it would be a serious promise -- taxes in government, it would be a serious promise broken, but this does hem in labour fiscally. a 28 billion pound black hole the public finances. the rest of it will have to be covered by public spending cuts. the institute for fiscal study says this manifesto does not detail how to finance a plan that would affect real change -- what effect will change. the institution for government says they are in for a nasty shock because it will not give enough growth fast enough or significantly. my take away from this is they do not want to trade their poll lead for a mandate to do more but this is the post truss economic conse

tesla shareholders back a multi billion dollar pay package for elon musk, endorsing his leadership of the electric vehicle company. plus: can tech giants mitigate the environmental impact of energy hungry data centres? hello and welcome to business today. i'm arunoday mukharji tesla shareholders have approved a $56 billion pay package for elon musk at the electric vehicle maker's annual meeting. it's a major vote of confidence in the billionaire�*s leadership. but mr musk still faces several legal and operational challenges. in a moment we'll take a closer look at why. but first, here's erin delmore with the latest. welcome delmore with the latest. to the tesla shareholder welcome to the tesla shareholder meeting. ijust want to start off by saying, hot damn, i love you guys. this shareholder— hot damn, i love you guys. this shareholder vote _ hot damn, i love you guys. this shareholder vote put _ hot damn, i love you guys. this shareholder vote put elon musk one step closer to becoming the most generally sleep compensated chief executive in us corporate history. the pay package would

the vote will largely involve elon musk.his brother will not be able to vote in the proxy vote. tesla is campaigning. they are advertising, producing videos, and producing documents like this press release. more importantly, elon musk is tweeting about this all the time. we have seen a lot of sec filings that are essentially elon musk responding to various influencers, pro-tesla bulls talking about the vote. they are trying to reach retail shareholders which is the main base of ownership of tesla. caroline: apparently, they have to decide whether elon musk was galvanized by the stock compensation. >> you have a fear among even tesla bulls that if the pay package is not approved that elon musk could walk away. that is something elon musk has helped stoke by saying there's all this ai stuff, maybe i will do it outside of tesla, maybe not. you have a game of chicken. on one hand, yvonne is saying i am committed to tesla. on the other, he is making these threats. there is a fear that if he walked away, that would hurt the share

what will elon do?ow he has created tremendous value for everyone, i know he has a big stake in tesla. but, you know, when i started in business, in 1970, one of the people who really helped me at the very beginning of my career was jay pritzker. tom pritzker's dad, and the founder of hyatt. and we were talking about arrangements and he said, ron, if you need to have a contract, then you're doing business to -- you're doing business with the wrong person. you can't rely on a contract to do business -- and you have to -- he's a handshake guy. if i say i'm going to do something, i do something. we said as tesla as a company, elon, if you perform, this is what you get. how do you go back and renege on that, when all the directors and shareholders aproved it? it is crazy. so i think, you know, i lost your question, but -- >> andrew has a question too. >> hey, ron. as you know, i -- we are in agreement together on this, i always felt from the beginning that this was a big skin in the game arrangement for elo

that's the amount that elon musk should get.h regard to this pay package, a court said that this pay package should not be given to elon musk because it was unfair, didn't make sense at the time, then they decided we're just going to hold a second vote anyway. the second vote has gone the way of elon musk and he's set to receive that $56 billion. but there is a high possibility that it's going to go to court again. the same judge could then say okay, you've chosen to really take this on. now you can have it your way, or it can say no, this is still incorrect. and perhaps not let it happen. so there's still a few contentious issues. but just imagine you've just seen ukraine get $50 billion, actually, from the world and the g7 meeting. $50 billion to a whole country, elon musk is going to get that and a little bit more on his own. on the other side, apple reaching that number one spot when it comes to its valuation. so pausing microsoft ever so slightly. it's the $3 trillion club. this is bound to change over some time. it's all b

you're an elon musk fan.you're a big fan of him and how he's led this company. would this all be a big issue if the stock hadn't dropped 25% in the last year? would you also be looking to remove his brother and james murdoch from the sfwhord would the stock have been doing better had it come up >> we've been pushing for independent governance at tesla for years way back to 2018 something that we do at other companies as well. we're a large institutional investor we want to see entrepreneurs start businesses and be compensated, but we believe independent shareholders need to have their interests protected so, yes, that's, why you know, we voted against the re-election of kimball musk and james murdoch. the board of a publicly traded company is there to represent shareholders and provide oversight and not just to do whatever the ceo asks, and it's very rare to have a court overturn a pay package based on the non-independence of the board. that's a real sign there's governance problems here and those are long-te

on the agenda, elon musk's paypal package.holders approved's pay package and that the move to relocate tesla's legal home from delaware to texas has been approved buy wide margins. here to discuss is bloomberg opinions matt levine and my cohost on the weekly money stuff podcast. we are basically doing the podcast but on tv. we talk about elon musk all the time he tweeted the results, partial, but looking like the results, earlier. could anything changed between now and this afternoon? what is going to happen? matt: you can change your vote until the time of the meeting, so it is completely locked-in. the tweet was pretty informal. not clear his information is correct. but assuming that it is, he seems to have enough votes for both proposals. katie: does it matter? even if the shareholders we approve it, is it just symbolic? matt: i do not think it is just symbolic. oh -- a lot will say that. but a judge found that the former shareholder vote was not well informed. this shareholder vote is probably a bit better informed. so you

can tesla exist without elon musk? >> it can exist.e right thing for tesla at this time is for elon to continue to be at the helm, and this ratification of the comp plan is exactly about that. >> robyn denholm thank you for joining us this morning. really appreciate it. thank you for your patience with the news and everything else. >> thank you. >> following your progress. "squawk" coming right back. talking more about that ecb number in just a moment. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> really not me right now, but

much safer >> a couple other pieces of elon news or elon-connected news i'm curious about.he was frustrated with apple because apple is integrating openai you have a stake in openai. >> right >> so there is some interesting -- you like elon on one side, you also happen to like openai. >> we are in such early days i saw what elon said and i think he might have misinterpreted i think what apple wants to be is a platform for foundation models openai, anthropic, we have anthropic in our venture fund as well so, you know, we're in such early days and the other question we are asking ourselves is, wait a minute, what is the operating system we're talking about is it apple? is it ios? or are these foundation models going to become the new operating system again, we are in -- if you think about the internet, we are in the early '90s when it comes to a.i. we have barely begun >> and what is your sense about that apple stock popped on the back of that news because i think there is a sense of both an upgrade cycle coming that was one of the reasons. but there was also a very interesti

so in a lot of ways tesla needs him, but elon musk needs tesla. >> or to put it differently, elon muskeeds himself to be leading tesla. >> absolutely. >> interesting. gentlemen, thank you very much. appreciate it. >>> meanwhile, stellantis is setting standards but can they meet them with all the news coming out of china? we'll talk about that next. at enterprise mobility, our experts always see another road. because with the right mobility solutions, the path to success is shorter than you think. (♪♪) ♪♪ ♪♪ ♪♪ chewy, a citi client, uses citi's financial expertise to help drive its growth and keep its supply chain moving, so more pet parents can get everything they need... right when they need it. keeping more pets, and families, happy. ♪♪ for the love of moving our clients forward. for the love of progress. it's time to feed the dogs real food in the right amount. a healthy weight can help dogs live a longer and happier life. the farmer's dog makes weight management easy with fresh food pre-portioned for your dog's needs. it's an idea whose time has come. okay, team! oh, thank you so m

why is elon musk not happy with this get-together?he thinks it's an unacceptable security violation. in typical elon musk fashion, he sent out a number of posts last night including this one replying directly to tim cook. he said i don't want it, either stop this creepy spyware or all apple devices will be banned from the premises of my companies. he said, quote, it's patently absurd that apple isn't smart enough to make their own a.i. apple has no clue what's actually going on once they hand over your data to openai. they're selling you down the river. now, users responded with context on x saying, okay, the opena a i partnership, it doesn't involve a full integration. it's not at the ios level, and it's more intended to bolster siri because anytime you would leverage chatgpt, apple would ask your permission to share data with openai. i spoke with a former apple exec, and he said as long as the integration isn't at that software level, there isn't an issue, but let's remember elon musk has another company, xa airks, and any win by th

as ron barron puts it, he says tesla is elon, ie, the company is inextricably linked to what elon doesny who are bushel on the tesla story including catie wood, are betting on a.i. and autonomous driving to take this company to the next level and that's really where a lot of shareholders who want musk to stay on to have this pay package and really any future success must be under musk's leadership. >> such an interesting personality. we'll monitor that tesla story you can see more leaders arriving for the g7 meeting. with that in mind, i also want to show you how european markets are trading at this stage as we approach the end of the show so far it is a negatively move among european investors looking however at the stock 600 for yesterday's session t.gained more than 1% it broke a three-day losing streak however, looking at the sentiment today it seems like it will be a different story for european equities, and looking at u.s. futures as we also approach the open on wall street, they are suggesting to be a mixed start to the session on wall street this is after we saw the s&p closin

but ultimately tesla is elon musk and elon musk is tesla. investors spoke loudly. were the _ about the next chapter. who were the people _ about the next chapter. who were the people who - about the next chapter. who were the people who say - about the next chapter. who were the people who say it should not happen, on the other side of the argument? that continues _ side of the argument? that continues to _ side of the argument? that continues to be, _ side of the argument? that continues to be, in - side of the argument? that continues to be, in my- side of the argument? twat continues to be, in my opinion, any illogical argument. what he has done at tesla is historical. voting against it, took it from $100 billion to $1 trillion and those voting against, they are going into hibernation mode and barricades.— hibernation mode and barricades. . , ., ., barricades. prospects now for that autonomous _ barricades. prospects now for that autonomous cars - barricades. prospects now for that autonomous cars to - that autonomous cars to exhilarate, and the robot and cyber

still ahead shareholders decide the future of elon musk and tesla elon musk printer walk away from theompany if they voted against the $56 billion pay package, kelly o'grady has a story. take a look at the headline in the wall street journal, gen z plumbers and construction workers are making blue-collar cool. is the blue-collar stigma gone, mike road deals with that next. ♪ trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. introducing new advil targeted relief. the only topical pain reliever with 4 powerful pain-fighting ingredients that start working on contact to target tough pain at the source. for up to 8 hours of powerful relief. new advil targeted relief. her uncle's unhappy. i'm sensing an underlying issue. it

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it is elon musk with the payday tesla with a be better off without him. worth it which seems crazy and asked if you like he is overpaid and so you mentioned the numbers and he was given essentially 12 percent of the stock of standing and that award and if he could make the stucco up, ten — 13 times and he basically did make asarco up ten — 13 times which is why he has that if you million dollars in options. sue and one hand, he did it and he did it because these elon musk we did about that in the other hand, i really don't think that anybody is worth 4 percent of the stock outstanding. so tesla is better off with him despite some of those allegations and you know he sort of uniform and you have to take the good with about. jack: the company is elon musk in many ways so is next is not as if he goes into the office 70s had asthma $50 check. rick: will is receded by the work judge in january officially, she would need to rescind her decision is a okay, the shareholders for the toys most people feel like it is likely but there are steps to happen in the futur

then being pryor titled ultimately as a business from elon musk?e has his hands in many pies, so to speak. and this tesla pie, which is usually seen as pretty much the crown jewel within his portfolio is the one he would like to have more ownership in so he could spend more on. you have the pay package that they're getting a vote on. all of that, if you wanted investors to actually vote positively on that, well, they certainly won't do it if you're taking away the same iowa chips can and the same ai advancement and now you're putting it away elsewhere. so is elon musk robbing peter to pay paul? i want to get arjun's thoughts on this one. he's at the 2020 conference. before we get to your guest, just your thoughts perhaps on this one. i reckon he might be robbing peter to pay paul on this one, and it may not necessarily bode too well for tesla, which has been struggling. >> good morning, arabile. there's two things to say, there's a lot to say, but two things to say. one this speaks to elon musk being distracted with all of these different companies

one was, i was struck by how promotional elon musk was at the meeting.se a third-party valuation before repeatedly, and i think that cultivates the shareholder base this is largely retail focused. and you know, trying to paint the picture of what a dream could be. that was pretty striking to me. i think the other thing that was notable was that there was a picture of three uncovered models foreshadowing that tesla will bring to market three new models. i think elon said some people may not think -- or will think they won't be amazing, which suggested to me that these will be sort of incremental tweaks on amazing models, rather than truly new models. >> got it. tony, i want to thank you for your time today. we appreciate it. >> my pleasure. >>> by the way. >> yeah? >> happy father's day, andrew. happy father's day to my father, to my husband, and to all you dads out there. >> that's very nice of you. thank you, thank you. maybe we get to sleep late. we'll see. >> what every dad wants. >>> final check on the markets. we only got a couple seconds to do it.

elon musk reveils in a pay package vote in austin, texas.ormer president trump makes his return to washington, d.c. with meetings with business leaders and lawmakers. it is friday, june 14th, 2024. you're watching "worldwide exchange" on cnbc. good morning. thank you for joining us on this friday morning. we will get you ready for the trading day ahead and a check of the u.s. stock futures with both the s&p and nasdaq once again sitting at all-time highs. look at the futures. pretty interesting pick picture he here. dow is down. it seems to be the trend recently. we saw the s&p dip very slightly into negative territories. megatech is keeping the rally alive with best secretary since in november. look. tech moving higher for the week up about 6%. we also want to take a look at the bond market. yesterday's report on producer prices unexpectedly showed a decline in yields now at the lowest level since early april. take a look at the benchmark. 4.22. just earlier this week at 4.45 when he were talking about the yield. energy oil and riding a fou

stuart: elon musk is always entertaining and he gives us three headlines every single day.on't expect that to stop, you have a great weekend and we'll see you again real soon. stuart: come in a president biden snaps at reporters after being asked in off-topic question. roll tape. stuart: i wish you guys would play by the rules a little bit. i'm here to talk about critical situation in ukraine can you asked me another subject. >> the white house correspondent did not appreciate the response and quickly fired back, here's a question is biden losing the media, we're on it. aishah hasnie spoke to trump after his meeting on capitol hill, he told her that his vice presidential pick was probably in the room, a full report with aishah hasnie after this. ♪ your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new o

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so what do analysts think of all elon's comments yesterday? aside from the hoopla that was out there, adam jonas i think he summed it up the best. he said shareholder votes are important but they won't get consumers to buy evs, speaking to the fact near-term it's the electric vehicle business going to drive shares of tesla. then you've got mark delaney at goldman sachs saying we expect weaker market conditions to weigh on earnings in the near to intermediate term. and dan leavy at barclay says the focus now shifts to tesla's stratanying pivot as we await roby taxi strategy where a great deal of questions remain. elon musk talked about some of his vision for roby taxis yesterday. here's what he had to say. >> you can add it to the fleet for a few hours, a few weeks, whenever you want it back and say come back and the car will come right back. and i'm highly confident that it will far exceed the value -- like the revenue made by the owner of the car will far exceed the actual monthly payment. and tesla will obviously take a rough share on that,

stuart: that sort of makes sense comedy of the latest on elon musk's paid battle with telsa? $44.9 billion pay package now they all start the compensation package by throwing out and rolled that elon musk controlled the tesla board and is not entitled to the landmark compensation, many analysts believe shareholders will indeed approve elon musk's pay, the tesla ceo has threatened to develop artificial intelligence elsewhere if he does not get a 25% stake in tesla right now he owns 13%, elon musk could walk away and shareholders vote against him and 40% of the warning of notably slower sales growth in 2024, also on the shareholder ballot the ev makers out of delaware to texas, conservatives made big gains in the european union elections, voters have had it with mass migration and environmental extremism, that's over there, are we in america headed in the same direction and on his way to italy convincing world leaders to help ukraine by tapping billions and frozen russian assets, jacqui heinrich is in southern italy with the full story, she joins us next. ♪ her uncle's unhappy.

why elon musk says his employees will have to leave their iphones at the door. and the opposite of high tech, the creative way a stranded windsurfer got himself rescued from a remote local beach. good evening, i'm raj mathai. we're live in a few minutes with cal fire and with jeff ranieri as our weather might turn dangerous. but we start tonight with some of the headlines that we are watching. a violent outburst in oakland involving three teenagers, two separate shootings that left all three young men dead. and it happened early this morning. in the overnight hours, a 16 year old was shot and killed on filbert street. a half an hour later, paramedics responded to an 18 year old antioch man who had been shot at nearby 102nd and international a short time later. police say a 17 year old who was involved in that same shooting showed up at a local hospital. sadly, all three men died of their injuries. the idea of losing three young people in our community that, like you said, just were getting, they're sea legs under them and just starting their life to have their l

elon musk fired the entire team.you been in contact with anyone from tesla to talk about that line of the business? steven: not directly. there's another opportunity. iota. it's a consortium many automakers created to deploy 30,000 ev fast chargers. you will see more of those investments. you shouldn't rely on one supplier for anything. you shouldn't rely on tesla to be the charging supplier. katie: you have to diversify charging capabilities. makes sense. hybrids. anecdotally i see more hybrids on the road. what do you think the future looks like? evs will be the dominant green car? for something closer to hybrids? steven: it all depends when and where. eventually perhaps 95% of mobility will be electric. depends where. example, there is a cowgirl in wyoming with a diesel truck. she's not the problem. is the 400,000 people on the highway with me when i'm driving to work. in urban areas, you will see evs in the immediate term. everything should be a hybrid. hybrids operate when you break inertia. as you start to pull

elon musk responding that ai bought chips from nvidia.wo other companies instead. >>> ahead of friday's jobs report, we're talk

the vote on elon musk's $57 billion pay package is hanging in the balance.what to expect from that meeting on thursday and what is at stake for shareholders. we'll do it after the break. with gold and copper prices pushing towards all time highs, us gold corp. offers investors leverage to both gold and copper at its project, and mining friendly wyoming. u.s. gold corp has a reserve of almost 1.5 million ounces of gold equivalents. permits to mine zero debt with only 10.73 million shares outstanding and a portfolio of world class american strategic metals assets. u.s. gold corp, sure, i'm a paid actor, and this is not a real company, but there is no way to fake how upwork can help your business. search talent all over the world with over 10,000 skills you may not have in house. more than 30% of the fortune 500 use upwork because this is how we work now. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, av

elon musk is now donald trump's homeboy.t power, i don't know what it is. >> elon musk, let's derail, the thing i like most about joe biden is how much evil billionaires despise them. i think elon musk is a bit of an outlier because he seems much more concerned with being the joe rogan of billionaires than actually being a successful businessman at this point. he seems much more focused on his own popularity and being adored by people, sort of like a certain residential nominee i can point out. >> should we be alarmed when things are so blatant. am certainly not saying the white house is for sale, but when you're seeing the meetings with the oil execs, business people whose policies -- >> are you saying that the white house is for sale? i will be what you want me to be. >> he solicited a bribe. in his first term there was a shingle on the white house. >> yes, that is true. that is a major concern, that the white house is for sale. and he signaled that during his first term. i don't know why anyone would be that surprised. we

i'm sorry, elon.ars, let him fly away. >> he earned it, deserves it. >> we do not believe the compensation is commensurate with the performance of the company. >> if he leaves the company i think they're bad shape. he's critical to that company continuing to innovate and doing new things, like the robotics, like new versions of tesla. >> that was a number of tesla shareholders voicing their opinions on elon musk's pay package. we're a day away. really not even a day away from the vote. as i reported earlier, we should know late today perhaps. the index funds are happening. retail has come in heavily in favor. important they come in at all because that's part of the key, of course, but it's the big index funds that turn this one way or the other. and we don't know as yet. let's bring in the shareholder who voted against the pay package saying musk is an absent ceo, calls it a nightmare, it's lose lose situation. i quoted you so much i don't know if we need you as a guest. you've been a supporter in the

it also said mosque -- elon musk himself was not involved in the terminations.ote on the screen. this is bloomberg. ♪ want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. and i had 20 grand of gold, a paper ain't going to make me any money. so i just bought it because it's my insurance policy. if you'd like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold, which will provide you with important, never seen before facts you should know about making gold purchases u.s. money reserve is one of the most dependable gold distributors in america. ed:ed: a quick check in on the markets.

yes, notably elon musk's spacex _ crewed missions.sions. yes, notably elon| musk's spacex and that was in 2020 so they— musk's spacex and that was in 2020 so they are — musk's spacex and that was in 2020 so they are still behind a bit boeing _ so they are still behind a bit boeing will hope it can fix the problem _ boeing will hope it can fix the problem and catch up as soon as they can. problem and catch up as soon as they can. problem and catch up as soon as they can, .y problem and catch up as soon as they can. , , ., ., . can. so, possibly a relaunch tomorrow. _ can. so, possibly a relaunch tomorrow, another - can. so, possibly a relaunchl tomorrow, another attempt? can. so, possibly a relaunch _ tomorrow, another attempt? tomorrow is the earliest _ tomorrow, another attempt? tomorrow is the earliest but _ tomorrow, another attempt? tomorrow is the earliest but we _ tomorrow, another attempt? tomorrow is the earliest but we will _ tomorrow, another attempt? tomorrow is the earliest but we will have - tomorrow, another attempt? tom

for elon musk.hat's interesting is even if this goes through it might not help elon musk at his $56 billion pay package. >> this will be settled in delaware court and possibly in texas or a federal court depending on how elon musk responds but what tesla is trying to do is create as our colleagues have wrote is to create a kind of way to explain this report. they will say or shareholders approved it in 2018 and they are approving it again hopefully as far as elon musk is concerned in 2024 so it's more about forming the appeal rather than some kind of definitive resolution to the case. arco -- caroline: does advising shareholders hasn't been great. they've been saying don't go for this. max: they don't typically back these pay packages. what's interesting is you have some major shareholders coming out saying we are against this. the norwegian sovereign wealth fund said they would vote against this pay package. there might be some further negotiation between now and thursday but in any case that fund

and perhaps the strongest reaction actually came from elon musk. tesla ceo called apple's implementation an unacceptable security violation. this after microsoft came under fire for security around its ai recall feature. how risky are these features really? let's ask david kennedy from binary defense. david, great to see you again. i'm going to ask you to be as wonky as possible. are they opening up new opportunities for taking information and doing perhaps me fair -- nefarious things with it? >> we're going to see a lot of things gained. apple is releasing two different models. they have their own apple ai, and also partnering with openai on their siri platform. the big question is, recall for example, essentially taking backup and snapshots every few seconds of your machine and storing that, that's a huge privacy concern for us. i understand what microsoft is trying to do, but it opens up a whole can of worms. >> why? >> for elon musk specifically, he's concerned about his intellectual property. spacex, tesla, rocket ships, these models learn off

following nvidia's lead with the time for one stock split and up $200 a share, tesla is up sharply, elon musk overnight said his shareholders will approve his pay package, official results come later today, tesla is up $11, bitcoin coming in at 67700, oil right around $78 a barrel and down about 26 cents, gases up 1 cent, 3.46, diesel down 1 cent at 3.78. that is the markets. the president is in italy for the g-7 meeting, he is looking frail and lost, he took all his adult children on air force one but not hunter, he cannot leave the country. biden meets ukraine zelenskyy and our president wants to give ukraine $50 billion taken from russia's frozen assets. a half hour from now donald trump meets gop house members and later republican senators, he's tried to unite his party behind his candidacy. he also meets with the business roundtable where he may outline some policy positions. on the show today a disturbing report on the border, the vetting process is not working and border patrol agents do not have access to all federal data, disturbing. we will have more on the growing calls for th

our next guest is an elon musk -- the elon musk biographer.. let's get your reaction to the affirmation of the pay package originally awarded in 2018, and now once again put to shareholders. >> well, both amazing but not surprising if true. people who believe in tesla believe in it because of musk, and he's about to come out with a robotaxi, as you just said. he's pushing autonomous driving. he's not betting on buybacks, he's betting on being the biggest, most important technology and auto company in the future. and i was a little bit, you know, surprised that if indeed these figures are right, it's this overwhelming. but it's a great vote of confidence in musk. >> yeah. we should point out, of course, that it will mean significant dilution for tesla shareholders. as much as perhaps 9% given 300 million shares are on option that he will be awarded conceivably. >> we shall also -- let me make a point, we have to see what the delaware court's going to do. the delaware court has done weird things. so this doesn't mean boom he gets a stock right a