ashley: we were the first report the news of that elon musk traveled by elon musk called the hyperloopesting the details when we return. don't go away. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't ke it. so why do banks do it? hello? hello?! if your bank dsn't let yo talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. pcentury link provides reliable yit services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. >> we have more news on elon musk of tesla and his hyperloop idea. here are some of the renderings you can see of what will be what he envisions to be this pod that would be high-speed travel. these are the skis on which it would move made of the same materials used in some of his rocket ships. you can see this is a fox business exclusive look, i have been there exquisitely. getting the idea when california announced the high-speed rail and he was disappointed. he hoped it could be done better. ashley: he does. i am not a scientist, but if y

>> it may sound crazy but consider elon musk's track record.the 42-year-old billionaire who founded pay pal inventedded the breakthrough tesla battery car and was the first to dock a commercial rocket with a space station. this is elon musk the inspiration for the iron man's tony star character. >> john: wrong again there is no possible way that elon musk could have inspired that character because he was born in 1971 and tony stark first appeared in 1963. [ cheers and applause ] this is basic fact-checking. these kinds of mistakes have to stop. this is a catastrophic error. you've pushed me too far. okay. i wasn't expecting quite so many people to empathize. can someone please explain to me how this technology works. >> now look this thing will travel at about 500 miles an hour. >> okay. this thing will travel at about... that's a bullet train, 150 miles an hour. >> very fast. this thing will travel at 12,000 miles an hour. >> airplanes and trains and shuttles. let's talk about this. >> john: this is how it works. this is how it works. i am a r

elon musk releases his designs moments ago. it's getting from l.a. to san francisco in 30 minutes as easy as he makes it sound? we will get a top expert to weigh in. and he is burning almost every bridge in sight, all word on wall street. who madeoney today? the company has nine lives and he is making a killing off of it. stay tuned to find out who it is. even when they say it is not, it is always about "money." our first guest says it is a great way to make money. after the last fe years, house flipping is on the rise big time. flips of homes are up 40 for those of you who want in, we have the best in the business to tell you what to look for and where. he literally wrote the book on this, find it, fli fix it, flip. housing has been on the men's, but flipping is surging. what is behind i it? >> the real thing is flipping. there are some diffent categories. for a while we have had properties on the market and if you know how to do it, you can get a property at a great deal, add value to it and hopefully sell it right away as prices are going up which

may sound crazy but consider elon musk's track record. the 42-year-old billionaire who founded paypal invented the breakthrough tesla battery car, and was the first to dock a commercial rocket with the space station. his idea has hyperloop passengers traveling on a magnetic levitation system inside airless low pressure tubes similar to the tubes used by drive-through bank tellers, only passengers would travel up to 700 miles per hour. meanwhile, a colorado company called et3 has been working on similar technology for years. >> if there's a concerted effort to do it, that route can be built in a year or two. >> reporter: but even if it works, critics say lining up the financing and clearing the regulatory hurdles would make the project impossible, at least in the near term. on the other hand, this is elon musk we're talking about. the inspiration for the iron man's tony stark character. the iron man suit sits on the space x factory floor. >> so can you save the world? can you save the country? >> i'll do my best. you know. working pretty h

elon musk set to unveil the future this afternoon.an't joins us. >> imagine going from new york to l.a. and 45 minutes. or the east coast to china in two hours. i know that would be a game changer. elon musk has specific interest. we have an incredible model here of what it may look like. >> yes. you get a sense of the amount of volume and comfort level. >> why don't we have a seat and check it out. we are sitting in this comfortable seats. >> this capsule, once we get loaded in here, we'll go through and airlock into a tube network and accelerate like a car accelerating onto an on ramp. it can be routed automatically through the network. it hosts just like a space capsule in orbit. >> that is so cool. >> the equivalent of a 40 lane freeway. >> that is amazing. we are sitting in this capsule right now. i have road on my fair share of trains and planes and automobiles. how would it actually feel in action? >> once it is coasting, you'll feel like you feel right now. there is no friction in space. the most proven form of travel in the u

during this hour we'll look at future of transportation as according to elon musk. so-called.new york to l.a., about 40 minutes that would be great for you. see the family. liz: in two seconds let's go to adam shapiro at new york stock exchange. >> they are on fire for blackberry. the a one point in 2009, 50% of the smartphone market. today, 3%. they have to do something drastic. selling off bits of the business or merge with someone taking over, that is where they're going. ashley: adam, gold mining stocks finally getting a boost today. >> especially when you look at newmont. they led the s&p up 4.6%. year-to-date they're down. chinese gold demand up over 22% from the first quarter to the second quarter. a whole bunch of them are up today. liz: etfs saw inflows with gold which is unusual since june. let's get to 3-d printer makers. we profiled self top ones. they continue to rally. >> look at stratasys. they're up 8.4% today. last week ups announce ad bii experiment with stratasys 3-d printers. they will put them in ups stores remember andreessen, he said future is 3-d printi

we'll get elon musk's reaction in few minutes.th the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. >>> welcome back to "squawk on the street." shares of l brands are among the worst performers after the company behind victoria secret and bath and body works sales reported earnings that narrowly beat analysts' estimates but offered a forecast for the current quarter profit that is fell short of expectations. so those l brand shares down in an otherwise up market, carl. back over to you. >> thanks so

don't miss "the profit" tonight an cnbc at 10:00 eastern and pacific. >>> elon musk stole my idea, so big reveal of the hyperloop yesterday. hear what he has to say when we come back. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see what others are trading -- like the day's top 10 options trades by volume -- and get ideas! yea i have an idea: how about trading that in for a salad? [ male announcer ] s

elon musk is expected to share his plans for a new mode of high speed travel.n musk says the so-called hyper loop is faster than a jet and can get travelers from los angeles to san francisco in less than 30 minutes. he says the solar powered system would also be cheap and travel at speeds greater than 600 miles per hour. others sea it's more like a niewm attic tube that uses air pressure to move things quickly. he will publish the link at 1:30 this afternoon. ep he has no plans to build it himself. the plans will be open source. >>> a jet skier was killed yesterday near betle island when he collided with another man on a personal watercraft. the accident happened around 1:45 in eastern contra costa county. the man who died was 57 years old. the sheriff's department says both men have limited experience with personal watercraft and were not trained in water safety. >>> a wildfire in the tahoe national forest has burned 800 to 1,000 acres. the fire started saturday afternoon. it's not near any heavily populated areas and there are no evacuations. it's been dubbed

cbs reporter ben tracy asked tesla's ceo elon musk what's next. >> reporter: how proud of this are you>> i'm really proud of the fact that we have got it to where it is. >> reporter: this week ceo elon musk announced the national highway traffic safety administration has given his model s sedan the highest safety rating in its history of testing cars. >> when we did the roof crush test, it got to four times the weight of the car and then the machine broke. so the -- literally the thing that is supposed to crush the car broke instead of the car. >> reporter: that's when you know your car is tough. >> yes. >> reporter: it's tough. earlier this month, tesla posted its second consecutive profitable quarter more than doubling its operating profit from the 1st quarter of 2013. and then last fall, there was this. >> tesla model s, 2013 car of the year for motor trend. >> reporter: it was the first time in the 64-year history of this prestigious honor that the winning car did not run on gasoline. the model s can go up to 300 miles on a single charge. and the company plans to add to its network

will elon musk blow past gm and ford next? a venture capital giant and tesla and spacex board member joins us exclusively coming up. >>> plus a landmark settlement between the nfl and former players. they will get $765 million for concussion-related injuries. two former nfl stars including a two-time super bowl winner is here for reaction. >>> "who made money today." the company he founded helped him zip up 402 -- $42 million. find out who it is. even when they say it's not it is always about money. melissa: we start with syria tonight and all new developments on the situation. the u.s. moved a fifth u.s. naval destroyer into position in the mediterranean. we're on the verge of attack after the horrifying chemical gas attack that killed at least a thousand people but how long will being on the verge last? seems like there's a lot of tough talk. not sure if that matters if there is no action that follows it. let's turn to the experts with more. we have former state department senior visor. mike baker former cia operative and he

yesterday designers to personally met with elon musk actually told meet something interesting.y that he put forward this design only because he said that he would before. in fact, he might be doing it for other reasons than actually executing the technology. it might be a little bit of a political play to help officials get rid of high-speed rail. et3 says they will continue forward with their technology and break ground before the end of the year. we will be there to see that -- liz: how that compares to hyperloop. liz: that great exclusive. don't just think about the wright brothers. tsk if everyone listened to them we would not have airplanes. [laughter] they will gee hot. how about the human beings inside. but it's the early stages. if you don't dream it, no one will do it. >> reporter: that is that general theme in colorado where a lot of this technology is being developed and they have these personal relationships with to elon musk say this is a good thing in the end. they think the technology that is not going to necessarily happen ever. but they say this gives us the pa

but elon musk believes strongly in this idea.nsists the hyperloop will be the most technologically advanced

elon musk and his team were very smart. special credits from the california special board and used credits and sold them to companies that weren't able to meet those federal standards. so instead of showing 57 million-dollar loss, they showed an 11 million profit. david: lauren, i agree with you 100%. i agree with you 100% it was artificial but sometimes even an artificial stimulus can get demand going. have we reach ad point now where there are enough of these things on the road, people say gee, i like the cargoing by, even though it was phony demand, built on basis of a lot of federal credits and state credits as well maybe now it is built a demand of its own? >> well, i think that, you can't deny it is a great-looking car, number one, that is absolutely the fact, but, the fact is not too many people have 70 to $90,000 to buy a car. when you look at that market segment, it is much narrower than the average large car market where the car was sold 25 to $40,000. the market demand says a lot of people saying me too, me too.

. >> and i would go so far as to say not an auto company or a tech company but as an elon musk companyause that's the real premium here. >> and that's what people are betting on. the analysts when they make their downgrade. it's all about risk verdus reward. it's about what will happen next quarter whether when and if the company says the metric you're looking at, not quit what we expected and then they respet themselves, look at the history of amazon or netflix, all have a big reset somewhere in there, just don't know if it's going to be next week, next year or someone down the road. >> a friend of mine bought tesla at $100 a share not long ago and already it's like a daily up and down with him. whenever i talk to him. oh, we're up $8 or we're down and he's -- they are not sure about the valuation themselves. >> does your friend who owns it, is he a car enthusiast, an investor or serious investor? does he really understand the risk? i'm just kind of curious what kind of investor he is. >> he's a serious investor. does he understand the risks? i'm not sure he does because even he probl

in san jose, len ramirez, kpix 5. >> elon musk says it will cost $6 billion, $60 billion cheaper than the california high-speed rail project. >>> developing news out of placer county where a major firefight continues for a third straight day. the so-called american fire has ravaged more than 1200 acres. it's burning in a heavily forested area about 13 miles south of lake tahoe not far from the community of foresthill. cbs reporter ang lee hemphill on smoke drifting in nearby communities. >> reporter: thick smoke from the fire is billowing above the hills in the tahoe national forest. eventually it settled into nearby valleys. >> we have a long haul going on. it will be a while. >> reporter: the fire is burning about 17 miles from the town of foresthill in a very remote area with rough terrain making it hard for crews to access it from the ground. >> it's down in an area where it's hard to get to so i feel for the guys because they really have to hike down there to save us. >> reporter: neighbors say the smoke is so thick in the mornings it looks like fog. >> first thing this morning i

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>> reporter: elon musk has made a name and a fortune for himself through innovation. neur co-founded p paypal and started electric carmaker tesla and private space firm spacex. now, he's focusing on mass transit, musk made public the design for hyperloop monday. passengers would be put in a rocket tube and rocketed from los angeles to san francisco. musk estimates the 4.5-mile trip would take a little more than a half an hour. he was inspired by california's notorious traffic conditions. >> you just see a carpet of cars, they aren't moving. it's just like, wow, how much misery is that causing me? and surely there's something we can do about it. >> reporter: according to musk's plan, passengers would pay $20 for a one-way ticket. and hyperloop capsules would be able to blast off every 30 seconds. they would be pulled through a magnetic traction and glide through air. >> it's like an air gun and air hockey table. >> reporter: the proposed route would mirror california's interstate 5 and musk says would cost $6 billion to build which is just one-tenth of california's prop

move his hands to design an armored suit and elon musk is the founder of tesla motors found a way to design rocket parts using the same technique and says he can send the hand made designs to a 3-d printer which can make the parts. elon musk will unveil the invention on thursday and says he has no plans to make an ironman suit. >> we should warn people that miley cyrus may or may not have been in tune, her singing. >> which is more dangerous. >> sorry! >> not impressed. >> you listened. you her the same thing. >> i tried not to. i tried not to look, either. now, what is going on? >> visibility shows clouding encroaching and fog forming in santa rosa. a beautiful picture of the clouds cascading over the marin headlands falling into sausalito and fall apart as they descend into the little valley. that is a great backdrop. today it will be brighter this morning so warmer this afternoon and mild all the way through friday and holiday weekend is looking cooler but maybe not so cold as we talked about yesterday. we can modify the forecast when it is this far out. from our roof camera, a

elon musk is his name.ys his hyperloop design would whisk passengers through massive vacuum tubes at speeds up to 4,000 miles an hour. the tubes could be above ground or underwater, and since they're magnets tick no friction no wind row sis stance no chance of collision. fast is an understatement. a trip from new york to los angeles, 45 minutes. new york to china, two hours. the fox business network's joe kent with the news live in loveland, colorado. how does this work? >> it's actually pretty incredible. i'm here in person with a mockup of the capsule that you would you travel in to get to china in less than two hours, and what the maker of the mockup and the loader of the technology says, it's like a high-speed car, not a train. you have control. but way faster than a jet. we're going to take a seat here and check it out. you sit down in the capsule, sit back like this, and you essentially don't feel any sort of impact. you're shooting through the air in a tube 4,000 miles an hour, up to 4,000 miles an h

. >>> plus, what one bay area transportation leader is saying about elon musk's proposed hyper loop. >>> scientists at cal berkeley figure out what kind of cars jerks drive. we will take a look coming up in business and tech. >>> as the fall semester kicks off for many schools across the bay area that late summer sizzle heats up. we will have your full forecast when nbc bay area news at 11:00 comes right bang. do you see the 10% back in points, aw baby, i'm seeing triple again. plus another 10%, plus free shipping? yeah. you're good. this is the member triple play deal. this is sears. >>> emergency crews in florida are keeping a close eye on a sinkhole that swallowed part of a resort in disney world. nbc's kerry sanders has the latest from clear month. >> remarkable everybody got out alive, especially when luke that the three-story building that opened up under cover of darkness, most people in bed, many asleep. the reason they were able to get out alive, without injury, was one man, a security guard who discovered what was going on and then jumped into action to save lives. >> the b

today, a after companies said it was building cars more faster and expense civil than investors. >> elon musks sitting pretty in his giant purple chair. >> yes, indeed, he is. in fact, we can go right to musk at home, practically live a video, just a little bit old of the modern day edison doing a google meet up this morning with fans and virgin founder, richard branson. yep, he does appear to have an enormous purple wing-back chair. he has created a solar company, a car company and sent space ships to the international space station so he can do what wasn't and he can sit where he wants, too. >>> i wanted to show you this? the opening of the nasdaq marketplace this morning in new york city. fox racial, you knee logo, and look what they are going to do. this was live at the opening, right there, as they ring the opening bell. how about that? that is your american economy at work. some say it's jump the shark. i say not quite yet. >> i give him a 10 for that landing. all right, scott, thanks so much. >>> he or she may not be the big winner but someone in the bay area is richer this morning. th

. >>> plus what one bay area transportation leader is saying this morning about elon musk's proposed hyper loop. >>> the new video from the idaho wilderness where the man at the center of a nationwide amber alert was gunned down over the weekend. >>> welcome back everyone, and a good tuesday. >> it is tuesday. >> close to the weekend. >> it's just flying by, isn't it? maybe not so. we'll help you get through the morning. live look outside palo alto. bay area transportation leader giving the thumbs up to elon musk's idea of a high speed pod to get you from san francisco to los angeles in 30 minutes. ron dear dorn says he would love to see the hyper loop system to succeed and would need a prototype built before anyone takes it seriously. >> you need the demonstration system because you have to see how much it will cost to build it, how much it will cost to operate it and whether or not it can meet safety requirements. >> dear don't says it would take 30 years for high-speed pods to become a reality because it would take that long to go through all the financing, government and safety h

elon musk believes safety is a priority.ve out a niche with electric vehicles and it's wornld over the number of years. >> build out the infrastructure so people feel more safer traveling longer distances and the electric cars and rely on the electric power distance from where they live. >> sure. that's the super charger network. they're slowly doing that. when i are here in california, you can fairly easily move throughout the state as the super charger new yorker builds out, people can start and take charge. tesla says over the next few years, they will be adding more rechargingation ises. na will make more people comfortable with long distance driving in a model-x in the future. >> when is that going to come? that's sort of the suv hybrid? >> that's the one with the gull wing doors. it's cool. at the end of next year, we see production. realistically? probably the beginning of 2015. it might happen at the end of 2014. you know how this es go. there is not a set date. is approximately the time there. >> the pricing point o

>> it's elon musk.happen. >> never happen. >> i say no time soon. >> there will be a hoverboard before that happens. >> i wouldn't mind that either. >>> there's a mode of transportation we do have and it's a lawn mower. >> forget nascar for a second. forget indy. we've got something that is very interesting. it is the british lawn mower racing association's 12-hour endurance race. >> 12 hours? >> yes. they have been doing this for 40 years. these lawn mowers go up to 50 miles an hour. 406 laps. the name of the winning group here, kicked grass is the name of the group. >> very clever. >> really funny, too, when i was listening to what they say. >> they must have pit stops. tleengets drivers in each team. but the world's fastest, i believe, lawn mower in the world, and that is honda's mean mower, goes 133 miles an hour. >> all right. bill, take us out with a glow in the dark -- >> this is the because we can. genetically engineered bunny rabbits. a litter of eight. two of them are actually glow in the dark

we just did something on elon musk. there's a bit of a profile for what makes a successful entrepreneur. give me some details on that. >> yeah, this is fascinating. so the national bureau of economic research did this study. they looked at over 12,500 cases of people born 1957 and 1964 and what they said, rebellious and smart. just like bill gates. you smoke pot you drop out of school. you have a reasonable chance of making it as an entrepreneur. >> i guess. you either become a billionaire or end up in prison. either way, you're set for life, that's what they say. jeff, thank you. >> i guess that's the plan. >> live for us in london. >>> speaking of retail sales, i think some numbers come out on wall street today. this is pretty fascinating. stores right now, they can pretty much track everything you return. "usa today" reports companies say they are doing it in the name of security. they report 9% of all sales, this is billions and billions of dollars worth of stuff is returned and the tracking helps prevent fraud. wel

this week elon musk and investors are flying even higher. tesla's model s just received the best safety rating of any carver. a little earlier i spoke to tesla board member from d.c. giant draper fisher, in a fox business exclusive. so, steve, welcome to the show. very exciting day. the model s just received five stars from the national highway traffic safety administration. by five stars, i mean five in every single category which never happened before. in fact, the roof of the model s was so strong, that when it was tested by the roof-crushing machine, it broke the machine, not the other way around. i mean this is really astounding. the car though, is really expensive. and i wonder, did you go too far? should have saved some money? >> well, i don't think anyone who drives the car wishes it was less safe than it could be and the tesla has now been shown to be safest car ever made and safest car on the road today and that's an astounding statement. elon musk set out to build the best car that could be built, not the best electric. consumer r

>> i think the sentiment is, if anyone can do it, it would be elon musk.ng it's possible and he actually showed dozens of engineers from tesla and space x, released how he thought could actually happen. monday we saw pictures, how this would work. you're looking at them now. a tube-like device to travel up to 800 miles per hour. what it's going to come down to, is he going to be able to put in the resources to build this? up until now he's said, this could be a possibility, but he said if it was his top priority he'd be able to build out this prototype in about one or two years. so i think we're waiting for that. he also said it would take $6 billion to build this. if you think about this, that's not a lot for the magnitude of building out the needs of transportation. >> absolutely. interesting you point that out, that at this point he's not saying this is a priority. in fact, before this he said, look, i'm done. no more, and then built out this prototype. we'll see how seriously he takes this and if the hyperloop does not work, some new zealanders have a

i still get calls explaining how corrupt elon musk is and no one wants the car even though someone inow buys one every week. we happen to install tesla chash chargers at the very inn that i co-own to please the customers. a level of demand that can't be met even as gross margins are going higher. put simply that's too much good news for the market to ignore. it's how tesla nearly -- well, it's helped tesla nearly quintuple. something virtually any stock with the same characteristics would most likely do as well. stay with cramer. >>> coming up, digital disaster. foul play or not, when technology breaks down, it can be costly. amazon lost millions when its site went offline. nasdaq's shutdown brought billions in trading to a complete halt. tonight, cramer's zeroing in on the top plays to keep your portfolio protected. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottr

but elon musk believes strongly in this idea.e insists the hyperloop will be the most technologically advanced mode of transportation homeless people will ever sleep on. i love this idea, i guess he is not going to do it. and by the way, i would also buy cologne called elon musk, too. fyi. this comes to us from england. sky sports has a correspondent named nick collins. he was covering a preseason soccer match outside wembley stadium today. now, watch closely as nick earns tonight's award for excellence in reporting. >> he's a man in form. he was man of the match here at the community shield game. >> jimmy: and he's gone. i don't know what happened, but -- [ applause ] what i'd like to imagine -- i'd like to imagine him getting punched in the groin by a squirrel wearing boxing gloves. literally. justin bieber did something nice yesterday and he wants to make sure you know about it. he was driving through l.a. and happened upon a woman who asked for money. so he stopped and handed her money and posted a picture of his good deed on

no new talks are scheduled. >> billionaire entrepreneur elon musk' hyperloop travel idea is gaining fanst week, ,musk released sketches of the hyperloop that he hopes will one day shoot capsules full of people at the speed of sound through tubes connecting los angeles and san francisco. he also urged the public to question, modify and, ultimately, perfect his proposal. one firm hustled out a model using a 3-d printer, while another is testing a virtual hyperloop with sophisticated computer software. meanwhile, musk himself has shelved the project and returned to his established future-is-here transportation ventures >> up next on the kron foupresil visit pennsylvania today for the first time in more than a year. the president brings his plan for college affordability to scratch time and date evening visit to block a want college. president obama will appear with to scratch and natives, u.s. senator bob casey and vice-president joe biden, as he delivers his message to one of the nation's biggest college states. >> a life or death phone call has not connected to women in that way neither c

elon musk is a very interesting guy with a remarkable background in silicon valley. he's done something everybody that i know who has one loves it. >> i know. i never thought of electric cars as looking very cool. that is very cool. and it even makes that sound. >>> elmore leonard certainly changed the crime novel. he used to tell other writers, try to leave out the parts people skip. we'll listen to some of his conversations with charlie coming up on "cbs this morning." for pain and swelling? apply cold therapy in the first 24 hours. but not just any cold. i only use new thermacare® cold wraps. targettemp technology delivers a consistent, therapeutic cold to stop pain and start healing. new thermacare® cold wraps. a better way to treat pain. bacon?! gotta get that bacon! smokey bacon, crispy bacon tasty bacon! where is it?! where's the bacon?! (news anchor) bacon popular, story at 11. yummy, crunchy, bacon bacon bacon there in that bag! who wants a beggin' strip? me! i'd get it myself but i don't have thumbs! mmm mmm mmm mmm mmm it's beggin'! mmm i love you... (anno

that's right, modern day thomas edison elon musk revealing plans for a train racing from here to l.a.plans only. musk says he's not going to build it. rather release sketches sand blueprints, allow anyone to build upon it. that's called open source, no copy right. this san! from our system station in los angeles. one concept of what this thing might be, we do know it's some sort of compressed air tube, not unlike the tubes that banks use at drive-through windows. musk talked a little bit about the hyper loop in last week's public web chat with virgin founder richard branson. but he hasn't set much. if anyone can build a magic set of tubes, it's elon musk. he says he's too strung out with tesla to build it. he built rock et cetera with space x. he's chairman of the board at solar city, for home solar pams. >>> a lackluster week on the markets last week. some rally caps, seema mody live at cnbc headquarters. good morning. >> good morning. futures lower as the markets come off a down week with the dow snapping a six-week winning streak. invaefters will get a report on the federal budget

>> it's execution, elon musk fabulous execution all along.ant to bet against a guy like elob musk. historically that leaves tread marks on your back or is the execution the metrics the company uses, toss it hit certain metrics that wall street is looking at, if you hit it once or miss once, boom, it goes down. >> weiss, you still negative or have you come around? >> i think the stock is a bubble. i'm betting against the stock price. i'm not short though. >> today with the stock coming down analysts are looking at certain price levels as important technical levels that obviously they feel the stock could then crash through and that would be perhaps worth. >> herb, thanks. >> sure. see where this one goes. 330%. that's what the stock has done. we come back. final trades. we'll tell you who won the debate as well. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tool

if it seems far-fetched you are not looking far enough into the future and you don't know elon musk saysvated by taking on impossible tasks and being successful. >> reporter: it was musk who developed paypal, musk transitioned space flight to the commercial sector and musk with engineers developed the tesla electric car. he is not a person who stand on past accomplishments. a futurist and professor. >> after you made your first $1 isn't going to do much for you. and if you want to really compete among your peers to show that you are the smartest kid on the block, you are going to do it by coming up with ever-bigger projects to take on. among billionaires that's what the status is. status isn't money. status is changing the world. >> that's -- that soun cf1 like a bullet out of a gun. >> well we have the bullet train here which is -- not really a bullet. >> it sounds feasible, too. you hear some of these things. >> look at it. disappear. just disappear into the light. >> interesting they keep it under the speed of sound the i wo how >> yeah, by the way, just to they're saying they can do

kgo's wayne freeman tells us about the hyper loop. >> reporter: you are looking at elon musk's solutiontube from san francisco to los angeles in 30 minutes. musk laid out the concept by teleconference. >> it would feel like being in an airplane. so, it's -- there would be an initial acceleration. once traveling at speed you wouldn't nice the speed at all. so you would just be extremely smooth like riding on a cushion of air really. >> reporter: the pods in a hyper loop would travel on cushions of compressed air above ground in a near vacuum powered by electrical motors solar panels and kinetic energy. if it seems far-fetched you are not looking far enough into the future and you don't know elon musk says ron dihedron of the moneta institute. >> he is motivated by taking on impossible tasks and being successful. >> reporter: it was musk who developed paypal, musk transitioned space flight to the commercial sector and musk with engineers developed the tesla electric car. he is not a person who stand on past accomplishments. a futurist and professor. >> after you made your first $1 billion