you know, i am not ever going to say that elon musk, that i know silicon valley better than elon muskwe are looking for comedy, not to just glorify and put it up on a pedestal. emily: mark andreessen is a huge fan. peter thiel, venture capitalist, also a huge fan, even though you might poke fun at him in season one with a guy named peter gregory. i know that some of these people you talk to on a regular basis. who did you talk to make sure you were getting it right? to make sure you had geek cred? mike: lots of people. early on, i didn't -- before this went to series i did not have quite the resources, so one of my best friends from high school, his son is a top programmer at google. a lawyer who has a connection to startups. once we got going we went all over the place. google and facebook and yelp. emily: larry, sergi, and mark zuckerberg, were they happy to talk to you? mike: we have not met them yet. alec: we saw that larry and serge were wearing our shirts when they did the ice bucket challenge. mike: they had a houli and a pied piper shirt on. emily: what is your take on the sex

in fact, we have a picture of the webcast streaming of elon musk, the ceo of tesla.a question regarding autopilot, which the company expects to put at least beta versions out with test drivers within the next month, perhaps by the end of this month. and he's explaining that the first versions of the autopilot, by the way, you'll be expected to pay attention even though you're on autopilot. also we want to note that just a few minutes ago he announced the cfo of tesla who's been there since 2008, deepak ahuja, is going to be retiring and he'll stay on while they look for a success ovr, a new ceo. but again, deepak ahuja, the cfo, will be retiring. two bits of news coming out of the tesla annual meeting which is taking place out in mountain view, california. melissa? >> thank you, phil lebeau. we should note the tesla shares in the after-hours session holding pretty steady at 255 and change. stock closed 1256 today. sears falling after announcing another plan to unlock value but eddie lampert's past efforts haven't paid off. karen's got the fine print on this. >> they

we have everything that you need to know for elon musk's next three months. i'm emily chang, this is "bloomberg west.” spotify lands a huge round of funding. is a eight billion dollar valuation and 20 million new subscribers. is it enough to fight off apple? air b&b tells the sec to back off. i will be joined by robin chase. and i will introduce you to what may be the most tech savvy school on the planet. all of that, ahead on "bloomberg west.” now to our lead story -- tesla shares took a hit today after elon musk announced that his cfo wants to retire. a tesla veteran, there from the early days. as he said on stage last night he has steered tesla through some tough times. there was also more promising news, the tesla suv is on track for delivery in three months to four months and construction for the giga factory, the giant that battery plant, is moving along. here to discuss it with me is robin chase, the author of "open vote or think," cofounder of zip car, and our own matt miller. i want to start with you. the cfo retiring, how big a loss is that? ben: he

elon musk the ceo of spacex tweeted the following. he says falcon 9 experienced a problem shortly before first stage shutdown. we'll provide more info as soon as we review the data. let's get to miles o'brien on the phone. miles, you have seen a video along with the rest of us. what do you see from it? what do you take away from it as an expert? >> clearly it's a catastrophic failure as they were about to jettison the first stage. you have to remember that everything that is happening in a rocket at a time is at the very edge of what we consider engineering capabilities. it doesn't take much of a weak link to cause what you saw just there. incredible dynamic forces a lot of speed, and a lot of pressure on the structure itself. and there will be plenty of information on the ground right now indicating what the possible failures might be. a rocket has a huge amount of telemetry, data coming down to the ground as it rises to orbit. and so i'm sure they'll be able to figure this out pretty quickly but it's a big setback for the internatio

we appreciate you being with us. >>> utility companies might have been worried about elon musk takinghere is nothing to worry about. why after the break. >> apple announcing a new music streaming service. improvements to its existing apps at the worldwide developer's conference today. the stock closed lower. will these announcements be game changers? >>> elon musk reassuring electric utility owners his batteries won't put them out of business. morgan brennan has the details on this story for us. hi morgan. >> hey, kelly. tesla famous for making cars with batteries but they've been using their technology to make stationary batteries for commercial and residential use. elon musk telling electric utilities execs that they shouldn't fear their batteries. he believes most u.s. customers will use the home battery system not as replacement to the grid but in addition to it. >> we think most customers in the u.s. are going to be using it as kind of a u.p.s. as a backup power. that essentially protects them in the case that there's a big storm or some kind of natural disaster. whatever the cas

david: coming up, elon musk facing tough questions from shareholders.e bolton is take us through it all with the breaking news headlines. deirdre, a lot of analysts are bullish on the stock. they have questions, what are they hoping to hear? >> very bullish on the stock. if you look year to date it is up something like 15%, that's not the story of the beginning of this year or early last year, a lot of people point out, elon musk a lot of wall street firms do, that makes analysts jobs when they look at financials tougher. on the plus side, bright spots that we can hear about, tes lark the suv, popular category of car. don't know if you have one. in essence there is an suv meant to be delivered, available for purchase the third quarter of this year. analysts looking for thamp the model s, lots of kudos and more information about a lower priced vehicle for $35,000. david: just for the record, i do not have a tesla. i usually rent the car. >> you ride a bike, david. david: that's right, i live in manhattan, you don't need one here. i've been reading a lot

elon musk is it not someone who gives up. he's in for the long game, and they'll learn from this. have a lot of information that we couldn't have gotten decades ago and i'm sure he'll be back. not that far away. >> it's interesting that, you know it goes right back to what we were talking about, and that is the internet of things. you invest in private companies where you find that they are growth stories that are answering big problems that the world is facing. like what? >> well i'm very interested in health care because the big problems are how do we solve health care problem which obamacare clearly doesn't solve? but, look the real opportunity is obamacare has aggravated the problems that things cost more deductibles are up. how do we solve that? virtual care. virtual care means that we're at the early days of an explosive unicorn industry which is going to mean that digital health is going to solve a lot of the problems which the politicians in washington haven't been able to do. >> and there's really a consumerism revolution going on where people are trying to monitor everyt

julie: ashlee vance's new book on elon musk.n musk is a very well-known person, and an interesting person as well. betty: and the poorly made in china book. lloyd blankfein? the ceo of goldman sachs majored in history at harvard, so it is no surprise that he picked the largest book, "the discoverers" which takes a deep dive into human history. and "the wright brothers" by david mccullough. betty: not light reading. julie: steve schwarzman is on the list online and he mentioned "outliers" by malcolm gladwell. a little lighter reading. majored in history at harvard, mark: summer reading for the heavy hitters. betty: i will say goodbye. mark: we will meet the ceo of boxed. ♪ mark: breaking news this hour. you are looking at the live shot from the floor of the united states house of representatives lawmakers are voting out on the trade adjustment authority. they believe that is the best means to kill the fast-track authority. they have launched the last di tch effort to scuttle the president's program. we saw nancy pelosi speaking e

tesla finishing the day up 3% as elon musk revealed details about the tesla model 3. we'll hear from the man himself and an analyst who thinks tesla could rally another 30%. american pharoah breaking a 30-year streak. but an incredible statistic tie the triple crown winners could spell pain for your portfolio. we'll explain why. but first we start with the news of the day and that would be apple. the company announcing a slew of updates and services at today's worldwide developers conference. let's get straight to cnbc's josh lipton who is live on the ground in san francisco with the latest on this developing story. josh. >> well, today apple creating here the apple music. that's a new service, melissa, which ceo tim cook says is going to be a game changer. it's going to be revolutionary. the open question, though, is apple music different enough from the competition? there's basically going to be three main parts to the service. you're going to have a streaming component, which is curated not just by algorithms but by real music experts hand picked by apple. you have

meanwhile tesla ceo elon musk will face a lot of questions from investors today. what do we know about that? lauren: and testers want to know what cars will look like if the model x suv. when can we buy? publicly august or september. gas prices down come suvs are hard. the model three is the smaller, cheaper tesla car. we want the details. i spoke with the analyst at tesla's price target yesterday to $335. the median should address weakness in china and batteries powered homes and businesses. a few have been following the shares coming up 15% this year but you've are down from last year's record about 12% in the pre-market share slightly higher. >> tesla doesn't exactly target the average can number. when we know the car buyer earns over 300,000. lauren: that is why the model three will be hot if we can find out more about it. sandra: the ceo of struggling fiat chrysler. he isn't giving up hope of a new deal there. nicole: they have contacted hedge funds and activist investors to help persuade general motors to read to a deal. sources told the journal they have be

up next, another blow to elon musk.m, an unmanned rocket exploding just right after it took off. this is the third high profile failure in recent months, and socialist democratic candidate bernie sanders, he was all over the sunday shows, and if he has it his way, we could be looking a lot more like greece a lot sooner. more "varney" next. - ♪ there's a me no one knows ♪ - ♪ waiting to be set free... ♪ - so what's the empty suitcase for? the grand prize trophy. ♪ i was born to be somebody... ♪ charles: checking the big board, all of a sudden that little bit of a bounce has faded quickly. down 160. we're starting to really break down. of course, the dow off the for the year now, 2015. let's get back to the greek crisis, and want to go back to ashley webster in athens. give us the latest ashley. >> reporter: yeah, you know, charles, i want to pick up on something nicole petallides was saying earlier. really this whole thing is being made up as they go along. we find out that many pensioners, those people who are existing

. >> a page out of elon musk -- >> i was going to say it doesn't sound like the elon musk book. but what's very interesting about jack ma is it's almost like his u.s. tour and he's talking about the next ten years for alibaba. he's saying what's going to happen, what we're going to print this quarter is probably already -- it's a fait accompli. we're in a place here we're thinking about our business, we're trying to attract foreign people into our market, in other words, u.s. small companies to be selling into china 350 million consumers. the story on alibaba is a long-term growth story. right now for investors it's what's going on with the overhang of the government and the regulatory issues. they took away the lottery business that was 2% of revenues. this is a company you stay long now, it is a long-term holding. it's 28, 29 times earnings. at 35% top line growth with a bottom line about there as well. i think the hype is way too high in terms of the fear and i think this is a very good company. >> he also said as an entrepreneur he doesn't have any interest right now in buyi

elon musk wants to put 1 million cars on the road by 2020. but even if his pledge turns into reality, is the stock too expensive to buy? >>> plus, fitbit getting ready to go public. but did the fitness band company miss its chance to ipo with apple already out with its watch? a stern warning from one of our traders. and later, as greece hangs in the balance tonight and the fed begins its meeting tomorrow, dennis gartman is here in the house with a special greek trade that can protect your portfolio no matter what the outcome ahead of the weekend. all that and more ahead on "fast." checking out the listing on zillow i sent you? yeah, i like it. this place has a great backyard. i can't believe we're finally doing this. all of this... stacey, benjamin... this is daniel. you're not just looking for a house. you're looking for a place for your life to happen. zillow. >>> welcome back to "fast money." i'm josh lipton. year-to-date adobe stock had been up 10% now edging lower in after hours. adobe reporting 48 cents on 1.16 billion. analysts had bee

two hours from now elon musk will talk.. >> when you say transition to the lower x, are you talking about the 3? >> it's all about the valuation we are pricing today. would you agree with that, drew? >> no i don't. you have two revenue streams. that is energy which is a multibillion dollar opportunity they are swimming in demand for. the x is an opportunity to double the size of the company near term. then the opportunity jeff is referring to about a year from now when we start to see details on the gen-3. it's layer upon layer of growth. >> going to leave it there. shareholder meeting kicks off in about two hours. we have much more on tesla tonight on "fast money." e financial noise financial noise financial noise financial noise ♪ if you're looking for a car that drives you... ...and takes the wheel right from your very hands... ...this isn't that car. the first and only car with direct adaptive steering. ♪ the 328 horsepower q50 from infiniti. what if there were only one kind of dog? then it would be easy to know everyth

ceo elon musk addressing his goals for growth at yesterday's meeting. the 50% sales growth over the next few years and those beta versions of tesla auto pilot technology by july. the stock is down about 1.33% following the meeting and joining us now is jamie albertine, an auto analyst over at steifel. your take-away from the meet something setting deliveries for the fourth quarter. self-driving car 0 in the next three to four companies but really no financial questions posed to this company. >> three main take-away, the first is the retirement of the cfo, scheduled for later this year. the second, that the thinner power charging cable coming to the super charger network and the third, 80% of the stationary storage business being designated for the utility sector rather than residential. infrastructure is a big concern still for shareholders, as they build out electric vehicle penetration rates, so the charging is really i think something that's being overlooked a little bit this morning as well. >> jamie, it did seem there's a degree of surprise with the

a lot of attention focussed on elon musk today.sed on the new, new thing, but the company is focussed on tax breaks and government subsidies as a old relationship between government and american corporations. the libertarian institute estimates that the federal government spent almost $100 billion on direct and indirect subsidies to american businesses in 2012 alone. and one of the biggest industries receiving those subsidies is agriculture as the usda handed out more than $25 billion in what the institute called corporate welfare that year. in march, left leaning group called good jobs first looked at the big recipients of grants and tax breaks finding that four companies have been most successful at landing subsidies from bailouts. those companies, boeing $78 billion, ford at $30 billion, gm at $54 billion, and jp morgan with a whooping $1.3 trillion. now all those numbers are huge. what they can take into account is the value the companies get from regulatory changes which has or it extraordinary and the value they get just from

elon musk who is on my board you just had on the show here.ichard branson are all planning global constuilations. satellites drones balloons. that will connect everybody in the plant with a mega bit per second. those people are going to need banking. and, so, you're not going to build branches of banks. they're going to have apps. it's going to be complete virtual. >> so we had, right now we have three or four branches literally of banks, physically around us. and i said to him, will these still be here and he said absolutely. he said people physically want to go in. >> it's timing. i know it's about financeple okay, eight things in 2025. singular university only looked up, but you do think $1,000 human brain. in ten years you will be able to have something the equivalent speed of a human brain that costs $1,000. >> joe's brain or mine? >> yeah exactly. a trillion sensor economy. perfect knowledge, which you were just talking about where everybody on the planet will have the ability to know something almost instantaneously, if it can be known.

elon musk had been pushing for that ban because it benefits his business.critics of russian rockets have been pushing as part of sanctions. russians send their own missions to the international space station though lately they have had trouble, too. maybe if american rockets are going to blow up we seed russian rockets. >> how many decades removed from the cold war. >> can he wo rent an international space station. >> that is true. >>> right now as to that explosion that scott mentioned elon musk says he still does not know what caused the company's rocket to blow up on sunday and it might take a little while to try and figure it out. musk tweeted out that his engineers are going through mountains of data hoping to recover information about the final mill a seconds before the falcon 9 rocket exploded. it was carrying supplies and science projects to the international space station as scott just reported. russia plans to send a reply rocket on friday. >>> spotify and pandora have some competition as apple debuts its new service apple music today. a subscript

elon musk's latest rocket explodes shortly after liftoff.ark: how big of a blog is this to private space travel? we will have that story next. ♪ mark: welcome back to "bloomberg market day." i am mark crumpton with betty liu. betty: elon musk's vision with dealt -- was dealt a serious blow over the weekend when one of his rockets exploded moments after liftoff. the falcon nine rocket was about two minutes into flight. it is the third demise of the vehicle carrying supplies to the international space station since october. sk is promising to find out what caused the explosion. unknown,d cause still now parsing data to recover final milliseconds. betty: the failure is the first in 19 launches in what has been spacex's seventh holland trip to the space station under a nearly $2 billion contract with nasa -- ling trip to the space station under a nearly $2 billion contract with nasa. it was his birthday over the weekend, a terrible gift. also, there was news out the battery swapping program for tesla is not doing well either. nobody likes this t

elon musk and jack ma they're the entrepreneurs and innovators. they're not the s&p 500 ceos jumping from ship to ship. >> they will be though. this is a new phase of leadership. these are fast growing companies commanding the market attention. that's why there's so much focus on the type of growth that companies are seeing. >> but elon musk has said he will stand down at some point when the company gets that. do you think jack ma is someone that will be leading a big listed company for two decades. >> good point. he is an investor and innovator so you could see him find new ventures and new opportunities but his comments yesterday were just basically him getting used to the public eye and volatility that comes with watching your stock. >> but then he could be chairman and then he would be chairman ma. >> that's a nice little role there. >> did you get it? >> we got it. billionaire investor jeff gundlach says the chances the fed hikes interest rates by the end of the year are less than 50%. in a client web cast he says that's partly because of a l

elon musk says more than half of the orders come from women in contrast to the model s sedan, which is mostly customer -- male customer base. they originally promised it would be available last year. that is a look at the top stories of the hour. up, president obama sending 450 additional troops to to. -- u.s. troops to iraq train the military force in the wake of recent gains by isis. alix: then an egg shortage has forced the u.s. to buy eggs from europe for the first time in more than a decade. mark: as the presidential campaign season starts to kick up, why a presidential campaign may have a lot in common with a tech startup. conducting a survey of which ceos are well thought of by their own employees. on the list household names like google and nike, and we did know -- note an interesting detail. alix: among the most admired ceos, some that have done far less than their peers when it comes to stop value. dogle and monsanto did not much for stockholders between april 2014 and 2015. mark: on the flipside, stock of papa john's jumped 29% during that time, even though the ceo was one o

also, elon musk fires back, the report that says she profiting from taxpayer money and how he defendeda clean up is underway in texas after floods and now officials are warning residents about a new kind of danger. a proposal for sugary drinks is put to the test in san francisco, how it would change the way soda is advertised. >>> there is word tonight of tonight of a fatal lion tonight in south africa and the victim is an american. the park is 20 miles north of johannesburg. officials say a lion lunged through the open passenger window of a car carrying a american tourist. the woman died and the man is undergoing treatment. no word on their identities. officials said the woman was taking pictures and visiters are warned to keep windows rolled up. >>> in texas a huge clean up underway following last week's flooding and tornadoes and it is going to be expensive. the report tonight on the progress and the long road ahead. >> reporter: texans getting a break in the rainy weather as forecasters say much of the state is expected to be sunny all week but despite that there are still concerns

they're contracting it out to people like elon musk. . melissa: david.avid: whether it's on wall street or main street. here's who's making money today. warren buffett bidding for his annual auction of opening bid of $25,000, currently above 1 million with four more days to go. and don't you just love the smell of money in the morning? i know melissa does. sensor wake is creating an alarm clock that diffuses sents that stir you awake or even fresh cut grass, i do like that smell. but there is no snooze button on this machine. and have you seen this? the groundbreaking cover of haven't fair and the article inside that has everybody talking. details after the break melissa: of course it is not unusual to see beautiful woman grace the cover of vanity fair. meet caitlyn jenner. it follows her public coming out this has spohn a phenomenal industry. >> i want to know what this is going to do for vanity fair this month. >> i bet it's going to be very good. melissa: really stomping on the news of kim and kanye. they were trying to stomp on her by coming out the

elon musk as the wait for the tesla s is almost over.la will start threering the s the end or four months, and for more, i "m joined by "bloomberg west anchor emily chang. do we believe him this time? been pushingave back, pushing back, but they have stuck to the dead, saying it will be released in three or four months time. he also says he is been test driving the suv himself, and he says it would be a better model. interestingly, he said more women are signing up to buy this car, as it appeals to women, whereas the model as audience, the majority of them are all men, and essentially a software update is coming out or the model s and eventually a month. it will have more self driving teachers. he also said he has been testing out those features, specifically saying, i am testing the latest version of autopilot every week. typically two or three every week that i am testing on my car, but it is quite a tricky rank, and we have to make sure the situation is exhausted -- it is quite a defanged. -- a tricky rank. -- thing. personally testin

. >> when elon musk speaks investors listen. he will take center stage of the shareholder meeting later. we'll tell what you to expect and how could it impact the stock tonight and tomorrow. >> green arrows for the s&p and dow. narrow gains. nasdaq in the road. down about two or three points. 5019 is the level there. >>> crude oil is what everybody is watching today. jackie deangelis has more from the nymex to explain that pump higher. >> we did close today over $60 a barrel. $60.14. simon mentioned china. that's one reason. traders were looking at products today. not only gasoline moving higher so was heating oil. when that happens, there is more demand for crude and prices go up. headlines hitting the tape saudi arabia was continuing air strikes in yenl. on a day when crude was moving higher and had momentum you had geopolitical fear added to the equation. we've been in a tight range. from $58 to $62. traders think we are going to stay in this range. another case where we close lower yesterday and buying the dip strength today

back from vacation ashley webster and deirdre is here and she loves elon musk. >> and elon musk and prirl you said it stuart. stuart: hold on a second. i've got to chalk this up to a win on the al qaeda front. they say its leader has been killed in a u.s. drone strike in yemen. kurdish syria forces backed by u.s. air strikes took an isis strong held on the border the isis militants did not appear to put up newmuch resistent. the pope says humans are the blame for climate change. this was leaked. ashley: it may not be the final version beau basically blasting climate deniers, and stuart-- >> i'm not a denier. >> you are a skeptic. >> stuart you're in trouble with the pope. ashley: he uses sinful overconsumption, unrestrained free markets, unending reliance on fossil fuels. my question is is the pope mobile electric and is the papal airplane that he flies all over the world in? is that nonfossil fueled power. stuart: more to the point, is the man, the pope getting into politics? >> yes, he is. stuart: in politics? >> there are a number of global climate meetings it's the opening salvo. w

elon musk's latest plan to get people traveling through tubes. >> plus, not a lesson plan but a playlist school's alternative way of teaching with a focus on tech. >>> transforming high speed transit won't be easy but elon musk believes it can be done. its engineers master the hyperloop. his company spacex just kicked off a contest for engineers to design test pods that will zoom through seeld tubes on a 1-mile track supplied by spacex. musk predicts this hyperloop system will be cheaper than a rail option and far faster at 760 miles per hour. teams can sign up for the contest until september 15th. >>> most people show their patriotism by flying a flag in their front yard, right? tonight meet the south bay couple saving water by stamping the stars and stripes directly on their lawns. i'll have that story and much more tonight on bay area night beat 10:00 on our sister station kbcw 44 cable 12. >>> still ahead no tests or letter grades. we're going to take you to an unconventional bay area school that operates a lot more like a startup. >> crystal clear blue skies over the south bay today

like elon musk. >> i tell them if you want to idolize someone look at someone like elon musk who is outps real things making electric cars. >> using government subsidies. >> taking advantage, he is playing the game the way the rules were dealt to him. >> he made the best of that. we have a problem with this? there are doctors out there that operate on infant's breens they do amazing work. why doesn't the market renders them? >> you are the best brain surgeon in the world you are not taking home a couple dollars a year, you are probably making millions of dollars and making what the market will pay you but i agree the only difference is a soccer star retiring early, another point is a lot of these athletes of our really attractive and that is why they get big sponsorship deals. rinaldo is so attractive, he breaks cameras he is so good looking but he gets the sponsorship deals because he is handsome and composed a number of -- >> i have been seeing that a lot. and hundred athletes, billion dollars combined end in small countries and those companies are profitable for them. that is why the

." ♪ emily: calling all pod builders -- elon musk is looking for a few good engineers.pacex is sponsoring a competition to design pods for its transit system next to its california headquarters. teams can test their human scale pods during a competition week planned for june of 2016. ibm is planning to invest hundreds of millions of dollars the year into free data analytics technology. the project is called spark and allows businesses to process huge amounts of information at lightning speed. it's built to support computers using artificial intelligence and machine learning. the ibm vice president of product development is here with more. i want to talk about this without getting too far into the weeds, but is complicated. there's a thing most companies use to do data analytics and categorize this information and another thing you guys are behind called spark. what is spark and why is it better? guest: i like to think of it as the analytics operating system of a modern enterprise. in the future anyone leveraging data is going to be using spark. it's like ibm did with li

we have everything that you need to know for elon musk's next three months.ly chang, this is "bloomberg west." spotify lands a huge round of funding over and eight billion dollar valuation and 20 million new subscribers. is it enough to fight off apple? air b&b tells the sec to back off. i will be joined by robin chase. and i will introduce you to what may be the most tech savvy school on the planet.

has been long anticipated from tesla delayed rolling this car out a couple of times already but elon muskng the shareholders that three or four months from now customers should get the model x. the company looking to deliver about 55,000 cars this year nearly double last year. musk says he is test driving the model making sure that the features like gull wing doors work properly. he said s owners can expect software updates at the end of the month possibly, to include more autopilot features. >>> mortgage rates continue their ascent. the mortgage bankers association reports that 30- year fixed loans rose from 4.02% last week to 4.17% this week. rates are still fairly low historically but perhaps more people trying to lock in those rates while they can. there was a big gain in new purchase apps. that's good news for the housing market also a bounce- back in refi applications, as well. stock market is off to a modest start but looking good in the early going. let's look at the big board see how we're doing. so far dow up by more than 120 points. back in positive territory for 2015. nasdaq i

the ceo elon musk says it would be from quote paying more attention to the needs of women. more than half of the preorders for the model x are coming from women. the suv mini van mix is expected to be available in september. >> the first color movies from nasa's space probe. you can see pluto there and the largest moon. any horizons makes the closest approach to pluto on july 14th july 14th when it gets within 7800 miles of the surface. let's get a change at the forecast here on earth. >> we're in the final hours of spring. it is a gorgeous afternoon across the region. live doppler 7hd right now painting a quiet picture. we have a live look from the sutro tower camera showing beautiful skies sunshine downtown san francisco temperature of 64. oakland, 68. mountain view comfortable, 7 2. 76, san jose. warm in marge began -- morgan hill. the santa cruz beach cam shows it's busy on the sand. few people in the water because the water temperature a chilly 55 degrees. right now 81 in santa rosa. 75 petaluma. fairfield, con ford, lower nines in. satellite and radar we have blue ski

they get to watch rockets take off live in the get to meet elon musk.t sounds pretty cool to me. a heat wave in the solar industry? softbank announced it will make a $20 billion investment in india's solar power sector. the aim to create 20 gigawatts of solar power capacity. that is 20 nuclear reactors worth of power. the indian government is looking for investment in renewables targeting 100 gigawatts of solar capacity by 2022. here to discuss more, kenny kennedy. and bloomber'sg's new [inaudible] you have this trio of billionaires looking to make an investment in solar and india. guest: we are seeing solar going gangbusters. last year we did 40 gigawatts. we are growing in leaps and bounds. india was fairly a market a few short years ago. it will become a very substantial market. just to point out the cabinet only agreed to go for this 100 gigawatts goal by 2022 last week. hot on the heels of that, the politicians say go and the money comes in. emily: it is interesting. the power situation in india is dire. 400 million people do not have access to rou

you're watching elon musk, that technologyhat is batttterery-powered, that is transformation that bringsore solar. the thing abouthe tech community is to heathis splitit up, it see to beverywhere and yet ththere is n not a menlo park, there is not o one area of tech startups that e the community. rebecca: we donon't have a silicon valley. to me, looking at it, seeing things like 1776, you are very activeember of f mind share tech leaders who correlate. i lovehat the business committee is constantly collaborating. before, we have been seeing as such a town that is s stuck in its old ways. jim: if they want to get something going at s saint elizabeth's oralter reed or someace else, a really active catalyst, put some money into it you would have me of a base. you have 1776, they are a stronghold, now in the part of virginia, mind share, you have other groups, dferent couountnties working thin their own incubators. we don't competete as well as we could ife added together even better. rebecca: y you did benefit t from a program that governor o'malley set up, a venture capital fund. they give

he tweeted these pictures and a message toy -- to elon-musk saying cool this is helpful. a go pro camera found in the wreckage will be sent back to space x. >> he thanks you. >>> moving on, lebron james is in town. the star forward and the rest of the cleveland cavaliers arrived in the bayrea this afternoon just two days of about th face the golden statwarriors. before she moved to that police chase in soma, abc7 news reporter lilian kim tweete this photo as they arrived at the 4 seasons hotel and she has the story. >> nba superstar lebron james arrid sporting sunglasses and ear bu. no booing and no heck -- hecklith g from the crowd. >> he needs to be careful. >> ty will be in enemy territory. after watching the movie san san an -- "san dreas" tweeted she scared because of tsunamis. but the mayor is serious about no bs this time around. frank jkson declined a request claiming the last time he made a bet his team got swept. >> they never won anything in basketball so this is big. >> he is the owner of the black horse london pub in san francisco known as the tiniest bar wes

i believe elon musk said. or swallowing shards of broken glass. what was it like for you?rew: not that dramatic. when i add up all the times i forgot my driver or how do -- it was like days of life wasted. that was a motivator but fast-forward to today, people say the billion files on dropbox. the design challenges in building something at that scale are really exciting for an engineer. emily: how many employees? drew: about 1200. emily: what does the bulk of the workforce do? through: the 1300 is up from 500 last year. every time i wait a few weeks -- everything from the engineering to the design of the user interface. people involved in marketing. emily: how many people are focused on security? drew: we have a dedicated security team. people really involved, a couple of dozen that are dedicated. there are all of these different facets of security. more broadly, you think about people who build our infrastructure are for the reliability of the service. in order of magnitude bigger. emily: what does the office of the future look like? drew: i think there is a lot more free

we have everything that you need to know for elon musk's next three months. ♪ emily: i'm emily chang,bloomberg west." spotify lands a huge round of funding over and eight billion dollar valuation and 20 million new subscribers. is it enough to fight off apple? the sec to back off. i will be joined by

spacex is a private company owned by elon musk. he tweeted what they know for sure is there was an overpressure event in the liquid oxygen tank. >> it's a pretty important loss to us. >> reporter: the rocket was carrying food, research equipment and science projects including those from students at san jose's christian valley. officials are calling this an anomaly. >> there's no negligence here there's no really problem with this. it just shows the challenges that we have facing engineering and the challenges of space flight in general. >> reporter: at the international space station, three men waited for the precious cargo, including scott kelly who watched the explosion on tv. he tweeted, space flight is hard. two months ago, a russian cargo ship spun out of control. and last october, this rocket barely got off the launchpad before it exploded. >> this is a very demanding environment requires tremendous precision and tremendous amount of engineering skill and hardware to perform exactly as it should. >> reporter: for now, crews a

manus: elon musk aims to transport astronauts. he was dealt a serious blow when one of the unmanned cargo rockets exploded shortly after takeoff. the spacex vulcan 9 blew up on its mission to resupply the international space station. officials are now investigating what went wrong. francine: let's take a look at what is coming up later. at 10:00, the german chancellor undresses her party in berlin. we will keep an eye on what she says. manus: at 11:45 london time, jean-claude juncker speaks in brussels. make sure you stay tuned to bloomberg for all the latest developments. ♪ manus: welcome back to "the pulse." we are live on bloomberg tv, radio streaming on bloomberg.com, on your tablet and on your phone. francine: let's cross live to michael houston. we are bracing ourselves for a shop all in equity markets. what is the mood like? >> the mood is fairly upbeat. we are significantly off the lows of the day. i think clients are taking a fairly sanguine attitude to what has happened. we are seeing a significant amount of buying inter

we hear elon musk and steven hawking worrying about that. that lies in the future. the impact on jobs is happening now, it doesn't require sign for example technology, just an extension on what is happening. most workers in the economy do relatively routine predictable things, which is suited to robots and algorithms and technology. we'll see a big impact over the there. >> are we in a position where we have to take the good with the bad? i mean we like the fact that a blood monitor can test our sugar and but just the right amount of insulin into our mix so we remain upright and alert. we like that. we don't have to say machine, manage my blood sugar, it does it without us thinking about it. >> that's right. it's a dual ench sword. -- dual-edge sword. this has made us more wealthy over time. that's why today we are better off than 100 years ago. it's the advance of technology, technology is reaching an inflection point, a new age where machines are going to start substituting for loss of workers. on the surface that is not necessarily a bad thing, it may mean we hav