now, elon musk, we appreciate it.the panel on what we have heard when we come back. we started zya with the thought that the kid on the back of the bus might have a song that he has in his head but he just can't get out. with the technology of cloud, we change all that. i can sing something into my device. up to the cloud it goes. back down it comes sounding better. we break down the walls of creation, and we give music creation for the masses. ♪ ♪ tdd#: 1-800-345-2550 can take you in many directions. spark your curiosity tdd#: 1-800-345-2550 you read this. watch that. tdd#: 1-800-345-2550 you look for what's next. tdd#: 1-800-345-2550 at schwab, we can help turn inspiration into action tdd#: 1-800-345-2550 boost your trading iq with the help of tdd#: 1-800-345-2550 our live online workshops tdd#: 1-800-345-2550 like identifying market trends. tdd#: 1-800-345-2550 now, earn 300 commission-free online trades. call 1-888-628-2419 or go to schwab.com/trading to learn how. tdd#: 1-800-345-2550 sharpen your instincts with

and elon musk and his latest spacecraft.p with elon musk himself, and, peter, this was basically a sales trip, right? yes. the rockstar ceo brought his show to the nation's capital, and he brought the new dragon cap sewall. -- capsule. he brought a capsule here, and he had a big event at the event. they were all given a chance to step into the capsule, to sit in the seat, to get a feel for what it feels like to be in a spacecraft itself. it was a real show, not something we get here, and elon musk was at the center of it all. i asked him some questions about the capsule and the spacex efforts to reach out in washington and about his level of confidence. cracks i am not presumptuous about the contract. to haveo do what we can this be a good design. they have been an awesome supporter of spacex in the past. we would not be where we are .oday without nasa i think we have shown we can do a good job. hopefully, that makes a difference for this competition. >> and, of course, spacex has done cargo deliveries for the international

i love it that he bought elon musk's little car. >> [laughter] who knew?80 is the price in pounds for the tesla model s in the u k and elon musk will be there this week to deliver the first one. it's a higher base price in the u.s. because of taxes but they also have to ship them there. they are also adding some supercharger stations in the u.k. >> jon erlichman, thank you so much and thank you for watching "bloomberg west." have a wonderful weekend. ♪ .. >> this is bottom line, the intersection of business and economics with a main street perspective. leaders gather in normandy to mark the 70th anniversary of d-day. u.s. payrolls push pass their prerecession peak. and a look at the race for the triple crown. to our viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines.

elon musk described it as taking things to the next level.s means for the private space race, i want to bring in nasa astronaut mark only, who has visited iss four different occasions and is a part of the spacex safety advisory board. thank for joining us. first off, what is the significant difference between what elon musk is doing and what nasa did in bringing astronauts to space? >> the space shuttle was a great vehicle for 30 years. each one was designed for 100 flights, but not designed to be operational for that period of time. space know, we lost shuttle challenger in 1986, columbia in two thousand three. it was time to move on and build a system that was not only safer but less it's been said, and could also very crew members back and forth to the international space station. upright now, astronauts go in space on russian rockets, is that right? that,, how unfortunate is that we do not have the ability to get our own astronauts up to a space station that we largely built. we have to fix that. spacex is on the road to do that. >> elon

. >>> still to come, elon musk aims for new heights. the unveiling of his new taxi that could forever change space travel. >>> also -- >> the bottom line is these regulations aren't working. theyerant keeping communities safe from the dangers of fracking. >> are regulators ignoring the rules? we investigate the enforcement of california's new fracking law. >> temperatures today topped out near 90 degrees in places like livermore. even san jose, skwix doesn't help the drought, and you have been hearing about it, fog at the coastline and a system developing that's going to bring us measurable precipitation in the next 24 hours. we're back to explain. [chris]still smoking up a storm? [tom]yeah.pathetic,isn't it? [chris] ever try to... [tom] quit?of course! my best time was six days. the worst was ...uh...23.4 seconds. [chris] so can i ask you... [chris & tom] why are you still smoking? [tom] [sarcastic] "it's so much fun." [chris]why not call the smokers' helpline? the program's free,and... [tom]and they'll tell me..."you oughta quit." [ch

and tesla co-founded by elon musk who similarly came here when he was pretty young. and i think, you know, people point to these as the immigration success story, but that -- selection there, those are the ones we know b picture now all the companies that -- >> we don't know. >> that are not happening and not just that they are not happening inside the united states, they are not happening at all because people can't come here and access, you know, the unique access of capital and business clients. >> how would you change it? >> people have been trying to figure this out for decades. >> what do you think zuckerberg said? >> um, i do think both on the entrepreneurial side and on the town side, i mean, we should be able to get -- get more people in and not just because of sheer numbers but because increasingly, facebook is a global company. for facebook to do well, they need more than just an american perspective. and so, increase the company being started here need to be able to compete in a global market, if you want them to do well, and markets are getting into t >>

we learned you don't bet gets elon musk.e these dreams and grand visions and execute upon them. when it comes to solar city, the stock hug wallows for a while. he's been silent on solar city. he hasn't been a big talker, suddenly today when they have their earnings call, he opens the call, he closes the call. for those who look at the accounting edge of things, i will say one other thing. with this announcement, i would argue they have taken something they call the useful life of their solar panels, which they stretch over 30 years, they've currently told you the current panels are obsolete, because elon musk says he will get some though look better, so you have something where there will be change this is a complex company, therein it why it remains red flagged. >> i think he said ceos and maybe politicians like to take credit when things are good and send that are lieutenants out when not so good. >> amazing! >> don't yet at herb. >>> we want to hold people legally responsible for the work they do, especially doctors. have

coming up, elon musk betting big on britain. the model s will the auto carmaker a foothold in the u.k. >> with the pic above a porsche and the stratus battery on the road, the tesla model s has been the king of green luxury cars. already 25,000 on the streets of the u.s.. so why are they tweaking with detection -- with perfection? time ever, the steering wheel is on the right side of the car. inside, all the bells and whistles you would expect to find. full7-inch display, a ipad-size vision of google maps going, tracking my energy consumption, and they projected rain. voice control. it is a minor tweak for elon musk who is betting britain will be his top market in europe. be oneu.k. is likely to of our most significant markets, somewhere between 3, 4 or five, i would guess. if you order a car now, you would receive it in about four months. we are putting a lot of effort into supercharge infrastructure. we want england covered by the end of this year and all of the british isles by the end of next year. so the infrastructure roll

elon musk shows off his new dragon capsule to lawmakers in washington. musk lobbied lawmakers to put in a good word about space x over at the pentagon. to our lead story of the day, virtual reality may be the next big thing in the videogame world, with companies ranging from facebook to sony believing in the potential of this technology. this week at the annual video gaming expo in l.a., sony showed off a virtual reality headset that it calls project morpheus, and facebook shocked many early this year when it announced the $2 billion deal to buy oculus vr, whose headsets of not even hit the market yet. oculus has had a big presence at e3. jon erlichman is standing by with oculus ceo and cofounder for an exclusive interview. jon? >> thanks a lot. the oculus story is an incredible one. just a couple of years ago, the ceo was trying to figure out, should i join this company. thanks for joining us. when you think back over the last couple of years, it was here at e3 that people got a taste of what oculus might be. >> it has been an incredible ride. the commu

slap in the space for elon musk. it is three, two, one, liftoff on simmering feud between space ex-and two powerful rivals. smart money taking off next. ♪ are the largest targets in the world, for every hacker, crook and nuisance in the world. but systems policed by hp's cyber security team are constantly monitored for threats. outside and in. that's why hp reports and helps neutlize more intrusions than anyone... in the world. if hp security solutions can help keep the world's largest organizations safe, they can keep yours safe, too. make it matter. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of pubert

i wonder, elon musk and richard branson don't have cosmonaut on their resume.e an edge on them. >> you know exactly what it's going to be like. >> how does that help you as a space investor? >> it makes it more real. a lot of people think of space is being exotic and intangible. my dad was actually a physicist and still lives and astronomer. for me, i took it for granted as a kid and i take it for granted as far as what you actually learn and cosmonaut training. it's very basic. it is space plumbing. how do you fix the air exchanger? space medicine -- what happens to your body? how do you keep the oxygen level appropriate? >> have you been to space? >> no. i have been weightless seven or eight times and i will probably go up sometime most likely next year. as an investor and board member, i get to do the last flight before we go commercial. >> tell us what x core is. >> it was started in a guy named jeff grayson from intel. he is very concrete stop space is actually building a spacecraft that works. we are competing in the suborbital spaceflight area with virgi

elon musk didn't seem that worked up about ai.ting to me he seemed scared of it yet funding it at the same time. maybe that's keep your enemies closer. i don't know. >> roger, let me put it this way. at what point, if ever, do you become worried about ai? or are you taking issue with the whole terminology? >> well, i'm simply saying to you that, if you want something to worry about, you know, just read the newspaper. >> i hear ya. >> you know -- there's a good chance we will have polluted the earth beyond repair way before they can get any of this ai stuff to work. so i'm looking at it and going, seriously? let's keep our eye on the ball. as investors jobs are to look at what's actually happening and what is most likely to happen, no the to worry about things that are either beyond our lifetime, or where the impact is so subjective and so hard to ascertain, that it won't matter. >> we've got to moonk ve on. appreciate your thoughts. our thanks to roger. co-founder of elevation partners for joining us. by the way, a gig this saturd

jon erlichman spoke with the director about everything from drones to elon musk.king about technology and how it factored into the film. >> our generation is the generation that resume that remembers life before twitter. we have seen a lot of good things happen and we have seen people make their lives very complicated. i have been on twitter for five years. i am very careful when i get on there. there are cautionary tales of what happens when you are too emotional or had too much to drink or think you are being funny or sarcastic. it is a whole different language that our kids understand better than we do. >> in the case of your film "chef," there have been so many positive tweets and momentum. shout outs from anthony bourdaine and elon musk. what does that do for a film like this? >> this is an experiment to see if social media is as relevant as the marketplace thanks. traditional marketing where you just dump hundreds of millions of dollars into commercials still rules the day. you see these huge weekends that are dictated by very big marketing machines. i have

he talks about everything from drones to a friendship with elon musk.how his own experiences with tech factored into the new film. >> is our generation is the one that remembers life before twitter and now sees the world and what has changed after it, we have seen a lot of good things happened and a lot of people make their lives very complicated. i have been on twitter for about five years. i'm very careful every time i get on their. there are many cautionary tales about happens if you're too emotional or have had too much to drink or think you're being funny or sarcastic. it is a whole different language that our kids generation understands better than we do. >> you sometimes pay the price for a tweet. for "chef" there have been a lot of shout outs. the list goes on. what does that do for a small film like this? >> this is a bit of an experiment to see if social media really does have this much irrelevant should as a marketplace seems to think. right now, traditional marketing where you dump hundreds of millions of dollars into commercials that still

betng up, elon musk's bold on an open source business philosophy.e will explain why he is giving away some of his company's most prized intellectual property for free. ♪ i asked george if i could have a purple light saber. he said no, they are only blue and red. >> that was the actor samuel jackson speaking to olivia sterns about his role in the star wars franchise. we will bring you more of their conversation later. i want to bring you up to speed with some of the companies on the move. airbus says it will keep an 82 plane order from kingfisher airlines on its books while there is still a chance the carrier might find a buyer. is list price for the pains $6.8 billion. airbus suffered its biggest ever order loss this week when emirates scrapped a deal. there are plans to raise as much as 8 million euros by selling 30% of its online growth unit. is fourt's enterprise euros a share in the ipo. this is part of the plan to target 2 billion euros of net income. in extended climbed trading overnight. forecast for second-quarter revenue. the company said t

i had a chance to sit down with elon musk, the visionary behind it all.o we were doing research when we were doing a segment on tesla and going back through the archives of american car startups that have failed. >> right. a big archive, i'm sure. >> actually a big wikipedia page. >> absolutely. >> it was actually kind of fun. i was like, wow, all these dreamers that got -- >> big grave yard. >> why are you guys -- how have you avoided that fate so far? why is tesla working so far? >> i think, you know, when you look at the other car companies, there wasn't any big technology discontinuity. there wasn't a step change in technology that warranted the creation of new car company in america, whereas with the add vent of electric cars it's the biggest advent. it's a really substantial change and does lend itself to expertise from outside the car industry. and i think that provides an opportunity for a company like tesla and, in fact, i've somewhat been surprised at how much of a lead we have. we actually don't want to have the lead we have. we're hoping that

here is the question that was put to elon musk. were there people within the company who said you're nuts, why are we doing this? here's what he had to say about those who are questioning this move. >> as a company accelerating, you have the advent of new technology. that what is represents true competitiveness. it is not the static picture of oh, i've got this patent. then that's just -- then you're just on a shot clock until that patent expires then it's game over. if somebody wants to, you know, shareholders want to vote against this, they need to do that and can also vote to fire me if they like. there's no sort of protection against either of those things. >> and he admits there were some people who were, quote, wide eyeye ed when he first said let's open up our patents. time will tell if this spurs the development of more electric vehicle technology within the industry. clearly that has to happen. tesla realizes at some point you need some scale within the industry for electric vehicles to truly take off over the next 10 to 2

. >> tesla kerry elon musk is giving his idea for free. vast array of technology patents available to the public, part of a bold move to speed up the emergence of electric vehicles. electric cars becoming more mainstream regardless of what company makes him. chris woodward, i asked him what's behind this. >> he thinks this will spur more interest in electric cars moreover. he doesn't think tesla is giving up much by giving up its patents. it's going okeep innovating, staying ahead of its patents. >> i believe that on elon musk. what is the problem? >> the chicken and the egg problem. you need to approach it on both ends. we need enough high mileage models out there where consumers will say wow, that's terrific. and we need more models that get more than 150 to 200 miles per charge. >> i would have thought at 3.50 or $4 a gallon for gas that would be enough of a tipping point. but americans get used to this very easily. if oil price go up again, that's sometimes prompting people into it. the price of gas combined with incentives that are of

he caught up with elon musk.washington, it is not for the smithsonian. >> that is right. he went to the museum last night and he had dance music playing, lights flashing. this was another show for elon musk to be sure. audience heortant is reaching out to. he brought his new spacex cap so. he brought up to washington to show members of congress, the power players and watching can come a what this thing looks like, let them go inside it, sit in the seats, the whole nine yards. contracting to win a to ferry u.s. astronauts up to the international space station. contract.g dollar decidegressman will not the contract, but they will decide the funding. level ofim about his confidence that spacex will actually win. i think we have done everything we can to have this be a good design. nasa has been an awesome supporter of spacex in the past. we would not be where we are .oday without nasa i think we have shown we can do a good job. hopefully that makes a difference for this competition. >> that have already carried carg

elon musk is going yet away. berlin to see why tesla.e might boost >> back to the top stories. ray kite's -- rate hikes could come sooner than market expects. caroline hyde, what did he have to say? when are week speaking rates to go up? >> -- when are we expecting rates to go up? >> many are thinking, wow. the first major central bank to raise rates by the end of the year. the most hawkish he has it in his tenure as the head. picked upconomy has faster than he or anybody else could have expected. speculation is rising. he is adding fuel to those flames. let's have a listen. >> there is great speculation about the timing of the first rate hike. this decision is becoming more balanced. thanuld happen sooner financial markets expect. but to be clear, the mpc has no preset course. the ultimate decision will be driven by the data. it is safest to conclude, as that a host of labor market capacity utilization's, pricing, and wage indicator should be watched closely to determine how that is evolving. >> how that slack i

elon musk is betting big on britain.tesla just launched a special version of the model s which he hopes will land the electric carmaker a big foothold in the u.k. market. what has he done? olivia sterns reports. >> with the pickup of a porsche and the strongest batteries on the road, for two years the tesla model s has been the king of green luxury cars. already 25,000 are on the streets of the u.s. so why are they tweaking? this is a tesla s like you have never seen it before. for the first time ever, the steering wheel is on the right side of the car. inside, all the bells and whistles you would expect to find. the 17 inch display. >> a full ipad sized vision of google maps going. i am tracking my energy comes in june -- my energy consumption. >> voice control. em, "berserk." >> it is a minor tweak for tesla founder elon musk who is betting britain will be his top market in europe. >> the u.k. is likely to be one of our most significant markets. so far our investors are very strong in the u.k. if you order a car now, y

. >> elon musk announced that tesla is making its vast array of technology patents available to the public. he said at this point it's more important for tesla to help electric cars become more mainstreamed regardless of what company makes them. chris covers the auto industry in "u.s.a. today." good to see you, is this a good idea, giving way they are patents in good faith in the hopes that it energizes, no pun intended for the car market. >> reporter: elon musk thinks it will. he doesn't think that tesla is giving up much by giving up it's patents. it says it will keep on innovating and staying ahead of its own patents. >> i believe that is true on elon musk's part. but what has to happen to make it mainstream. we've seen the leaf, it's fully electric. we've seen the volts in terms of values going up and down in various months. and now we've got tesla. what is the tipping point. >> it's the chicken and egg program. we need enough high mileage model where is consumers are saying that's terrific. we have manufacturers that have a wide array of models that get more than 150 to 200 miles per

that's what elon musk is saying, look at the dealer's reaction. he put a store in new jersey and the dealers went nuts. it is no different than the uber issues or anything else. these long-standing industries that have made billions and billions and maybe trillions of profits don't want to give up those easy profit sources to make something that might be way better but it cost lots of money and will completely change the face of an industry. and they don't know what it will become if this happens. >> last question, phil. but if batteries are the stishging poistishg i sticking point, if they could solve a lot of problems they're discussing, is it that they're not that far along as they would like to be in developing better battery technology? is anybody, public or private sector, going to be able to get there in the next few years? >> no, they're two generations away. the next generation will cut it a little bit. but not a lot. but you have to go at it at least three or four years. but you have to cohope the cost and energy life of those batteries

it must expand its business. >> what elon musk is trying to do is create the same efficiencies and volume by opening the platform and inviting other manufacturers in. >> reporter: when other manufacturers begin using tesla's patents to make electric car parts, the cost of the parts comes down and then so does the cost of the car. essentially, he says tesla is channeling the original king of the auto industry. >> henry ford became famous not because he made the most expensive cars but because he made cars so cheap that everyone could afford them. >> reporter: simon perez kpix 5. >>> governor brown and state lawmakers have until sunday to hammer out the state budget. brown is proposing a record $107 billion in spending but he also wants to beef up the rainy day fund and pay down debt. the budget could include more money for preschools, courts and the bullet train. if lawmakers don't pass the balanced budget by sunday, they have to forfeit their pay. >>> it is 4:38. new jersey governor chris christie visiting san francisco today. christie is scheduled to campaign with neel kashkari this morn

and tesla ceo elon musk says ford killed sex. explain in a moment. ♪ >> $6 billion -- how much the eft market is worth. experts are gathering for a three-day symposium to discuss the criminal enterprise. alix steel has been digging into the numbers. ft market, say that three times and do not stumble. >> one expert told me where there is money, there is crime, and in the art world there is a ton of money, a $200 billion market, and here is why. we are the most back to the recession. total sales hit $65 billion, up 8%. it is when a half times higher than the low from five years ago. that is due to us in the ukraine an increases. with in value of 25% and we are now the world's largest art market followed by china and the u.k. bacon of theancis world. people are really rich. they want to put their money somewhere. >> what about some of the biggest heist. >> it is divided into two parts. you have the theft and the forgeries. in 2003 from the iraq national museum. 10,000 pieces are still missing. the most expensive was in 1990. the mus

people -- there's maybe a loophole where people can sign up using user names of famous p people like elon muskof twitter people could have stolen elon's name or my name, but that part too is an issue. >> liz, exactly. this was something that was really hacked this the first lace, the app as it is. this was something that was built in eight hours. said that very, very clearly, this is something i did in an afternoon and released on april fool's day. actually when app first went into the ios store, apple rejected it and said, i'm sorry, you must have submitted an incomplete app. this -- liz: you know, colleen, how many people signed up for it? because now, clearly, it says over 50,000 users, but that was -- i pet that's old data. everybody's been talking about this, and for people who don't understand, it is a social app that pokes you in a way, that's the silicon valley term just to force communication during the day. can't think of anything more annoying, but i'm not 22. >> in some ways this -- the hack that these georgia tech students had done to the app actually gave it some more functionali

anthonyts from boardgame and elon musk. what does that do for a film like this?nt to cf social media is as relevant as the marketplace thanks. traditional marketing where you just dump hundreds of millions of dollars into commercials still rules the day. you see these huge weekends that are dictated by very big marketing machines. i have been on the other side of this. the question now becomes can a word-of-mouth film that is well reviewed and touches a specific audience and touches them in a sincere way without a big marketing push behind it, can the word-of-mouth spread thanks to social media. this film has doubled up from two cities to 70 screens to 500 screens to over 1000 screens and that is thanks to social media. >> you encouraged robert downey to join twitter. when it comes to using social media, what is a difference between how it is used for a film like chef and how it is used by big studios? of nuts onlittle bit top of a sunday with the big studio. it would work without it. or a pop-upchef restaurant or a food truck or an thegallery opening , independe

elon musk is wrapping up a busy week. first tesla could resume sales in new jersey the thanks to a zero emissions bill that just passed the state assembly but billionaire entrepreneur not breaking out the champagne just yet. he is standing strong on his accusations against the air force. so he is suing the air force because he says he is not able to bid properly on aeronautical contracts. >> boeing and lockheed martin having domination or monopoly over these contracts and tesla, or sorry, spacex not being able to get in there and bid in a competitive way. he is certainly going for a more open-ended process here and he hasn't really had much success. >> does the u.s. air force not have sovereign immunity like the federal government or does he have a shyster lawyer who will sue anyone for anything? i don't know. melissa: he says he is not allowed in on the bid pros. it is not an open process. >> he said some other things. what is interesting revolving door between the government and private sector it looks a little bit like

. >> i completely agree with kevin here, and i mean, elon musk is a steely eyed missile man building out a battery factory state-of-the-art. what's to build solar. so few start-up, entrepreneurs are willing to take that capital risk. either way, it's a bold bet. >> interesting to see where this bill is in the new jersey legislature and i'm interested in kevin's thoughts on this. the bill that currently passed 77-0 clooerly popular in tassem could get still gridlocked would limit the number of distribution centers or stores in tesla's case to four. you're in a certain sense inhibiting competition, kevin. is that even a positive move going forward to say they can sell them direct to consumers at all or is it a negative they're limiting how many outlets they can actually have? >> i think having one outlet would allow you at least to have a service point. that would be a good thing. i want to remind everybody of something going on in miami. certain alignment to this. we know that uber is not permitted in that city. i just saw an uber trip billed at zero. the company went in, set up in mi

you know elon musk and spacex, richard branson and virgin collected, but there are a lot of layers inmercial space trade. whack with us now is esther dyson, the chairman of the esther -- adventurer holding. she's an investor in x core aerospace and is even a trained cosmonaut will stop she spent several months training in russia. and richardon musk branson don't have cosmonaut on their resume. you have an edge on them. >> you know exactly what it's going to be like. >> how does that help you as a space investor? >> it makes it more real. a lot of people think of space is being exotic and intangible. my dad was actually a physicist and still lives and astronomer. granted asook it for a kid and i take it for granted as far as what you actually learn and cosmonaut training. it's very basic. it is space plumbing. how do you fix the air exchanger? what happense -- to your body? how do you keep the oxygen level appropriate? >> have you been to space? >> no. i have been weightless seven or eight times and i will probably go up sometime most likely next year. as an investor and board member,

companyp, a power backed by elon musk is going from installing systems to actually making them.n we .eturn ♪ >> we were just speaking about m&a and video test bidding wars. making an offer for the allergan. alix steel has breaking news. >> going hostile now in its it to take over allergan. escape -- anly an exchange offer, going right to shareholders to appeal for a takeover. stockholders will be able to and .83 for $72 in cash of common shares. that is how the structure would wind up working. valiant teamed up with a square management activist venture, which owns more than 10%. valiant going one step further and trying to appeal directly to shareholders. >> thank you. we will watch how shares react to this very shares will be reacting to the fed meeting as well. it racked up two days when it meets forecast. analyst will continue to trim and will keep interest rates steady. in one test from washington covering the meeting. first off, how will the news conference the approached this time? >> i would imagine with record -- caution. care about the forecast in isolation. a lot of no

david: that's pretty impressive. >> i like elon musk, and i like solar city.ondly, they have over 110% quarterly revenue growth. the russell was the leader today. my picks go with the trend of growth and momentum. so i think solar city's a great pick as well as bonanza creek energy which is basically riding the bull market oil. liz: of course, you are right, it is elon musk who's the chair, but his younger cousin -- and we've interviewed him many times -- he's been the yeoman when it comes to running this company. again, smart leadership here which brings us back to larry shover. there are great places to go right now, but what worries you? what's out there on the horizon, larry, that we all should be watching that nobody's talking about? >> what nobody's talking about is how stocks view the fed right now, and to me, it seems very giddy. the doveishness of the stock market is almost irresponsible. it's lazy. and so right now i think we were due for a fence-mending party. how stocks view the fed, and on the other hand, where this policy, inflation and growth ac

they are backed by elon musk. i am joined by the chief executive, lyndon rive.us more about this announcement. what exactly are you doing? what we are very excited about the announcement. we further voted to integrate the company and provide actual annual manufacturing. the key thing about panel manufacturing is that you have to get a technology you can scale to be cost competitive. the technology we chose as high efficiency at a low cost. eventually we will be able to install solar at a lower cost than fossil fuel. >> you will be making these solar panels in china. why in china? >> we will be manufacturing these facilities currently planned in new york. >> i thought that the company that you are acquiring, doesn't it have production facilities in china? >> yes, it has a 32 megawatt facility in china. what we are planning on building out, this is a gigawatt facility which makes it one the largest in the world. this is from new york. beyond that, we will be building out more capacity in the tens of gigawatts size and that is the plan for the u.s. >> why would you

why elon musk is giving away his information to the world. >> and five songwriters that made such an and stars and stripes says american fighters jets were scrambled twice monday because of russia. they launched crews after four russian bombers flew near alaska and then later flew near california. the russians never entered u.s. airspace. >> cbs detroit says gm issued its 38th recall of the year this morning. more than half a million camaros could have a problem with the electronic key fob. a driver's knee could knock against it knocking it out of gear. >> the "new york times" time says the supreme court is allowing a false advertising suit against a coca-cola company to go forward. the case targets pomegranate blueberry juice. they believe customers could be misled and rivals could be hurt. >> are you a misled customer? >> yes! it says pomegranate and blueberry and it's made from apples. >> and donald sterling has hired private investigators and they will look into commissioners and the other owners and see if they have made any off color remarks. sometimes it's best to leave gracef

apparently elon musk, the head of tesla at a shareholders meeting was talking what he might name the "x" so he's saying maybe model "e" and ford objected to that. ford has long sought the model "e" for its own cars and so they said, tes larks you can't do that which really bummed out elon musk. that's another great story on the hot list for you. >> allen, thank you. >> do for a mold "o" or "a" or "i." >> i think they are going to stay away from "u." they want to sell more cars. >> i like how he took a question from a kid. did you see that? >> i know, i know. interesting as well to see his comments about how some of the developments in cruise control, might be able to get the car on and off the highway and more or less driving it. >> within a year. >> it could be the case, but he said within a year, i believe. he gave some sort of -- >> that's classic elon musk, putting it a little faster than perhaps it might be. the question is, i don't think we'll be doing that any time soon. >> i wouldn't bet against elon musk long term on anything. >> why don't you buy tesla and force them to mak

elon musk and richard branson do not have "cosmonaut" on their resume. you have that one on them.athat help space investor? >> it makes it more real. a lot of people think of space as being exotic and intangible. my dad was a physicist, and .till is an astronomer for me, i'd took it for granted as a kid. and now, i take it for granted. what you actually learning cosmonaut training is very basic. and fixinging, meals, and how to keep the oxygen and temperature of your body at appropriate levels. i have been weightless seven or eight times and i probably will go up sometime likely next year. been an investor and board member. i get to do the last flight before we go commercial. >> tell me what that is like. >> it is a company deserted by a guy named jeff grayson, who was an engineer at intel. it is very concrete. it is not the glamour of space. it is building the spacecraft that works. competing in the sub orderable -- suborbital spaceflight industry. there are those of us that want to be first. and there are those of us that want to make sure this thing is perfect before we go. bot

a nice triple whammy for netflix. >> let's not about elon musk. companies are doing great today. -- let's talk about elon musk. two of his companies are doing great today. tesla, just across the river here in trenton, a bill approved that would allow them to manufacture cars. they have to be zero emissions cars. new jersey threatened to block tesla sells but directly through a dealership network. that may change. and solar city making acquisitions. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> domestic dealer in the spotlight. the legal saga involving martha stewart, macy's, and jcpenney comes to an end. >> a war in outer space. you know what russia is saying, "nyet." >> dead broke no longer. bill and hillary clinton have been supporters of the real estate tax, now they are worth millions. finding ways to avoid paying. >> this is "market makers," i am erik. >> i am alix steel. exciting hour, now it is time for the news feed. make itand mitsubishi official. an offer for alsto

elon musk's plans for cars that go anywhere but on the road. dominoes ingenius plans for delivery. how airbus makes plans to make skies way more fun. plus why that filthy house of yours could be doing wonders for your health. even when they say it's not it is always about money. melissa: crisis mode not taking a summer vacation at gm. ceo mary barra facing questions about the company's financial future today. her response, likely left shareholders feeling little car sick. >> the work that we're doing to make sure we're going to being exhaustive will be largely or substantial list complete by end of second quarter. i can't predict what will if there will be a charge until we go through -- melissa: oy. here are very own charlie gasparino. we have "wall street journal's" james freeman and "barron's" senior editor jack haugh. opportunity to make this right. >> i think first half of gm will be best sales opportunity. pickup trucks are everything for these companies in terms of profit. ford has a new pickup truck later in the year i think is the most radical overhaul of a pickup in decad

something that elon musk is doing for political gain.nal" editorial board, i may add. thank you very much. stay there. you are on the rest of the show. joining us now is the head of -- he has brought some things with him. first of all, i do not think our viewers do you clark. no heirs to speak of, i think? you have some of the estate and you are putting it on sale. >> the clark family was known for its collection of art. the book of hours was a book that was very common and very typical. we would all have a dictionary and thesaurus. all of us are having fewer and fewer of these these days. stuart: you can pick it up with their bare hands like that. >> that is the way folks were meant to be picked up. [laughter] stuart: that is true. it is beautiful. >> 40-$60,000. stuart: you are kidding me? >> no. that is all. every person of a certain income would have this in their house. if you were a christian, you needed to know your feast days. you needed to have your calendar. you needed to have a devotional aspect. stuart: $40,000. that is a lot

. >> reporter: elon musk says california is a long shot but still in the running for the $5 billion plant which will create about 6,000 jobs, with you california is notoriously slow in approving big projects. >> we have known about solar companies that did almost the same project in california that that took four to five years and the same project in colorado took eight to 12 weeks. >> reporter: he blames abuses of california's environmental laws by special interest groups but praised sacramento's effort to speed things up. >> set standards that way that companies can meet them efficiently and quickly. >> reporter: musk is not expected to make a decision on which state will get the "giga factory" until this year. but he has said the speed at which the factory can be built is even more important to his company than any financial incentives any states can offer. in fremont, len ramirez, kpix 5. >> ted gaines and dale steinberg coauthored the bill. elon musk has narrowed down the factory location to four other states: texas, new mexico, arizona and nevada. >>> new at 6:00, fighting against a

. >>> is china preparing to go after the big tech giants, and what elon musk said that has everybodyd america's father of the year. bet you can't guess who up? power rundowns is next. she keeps you on your toes. you wouldn't have it any other way. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic r