elon musk is advising the president on the matter. joining us for more is the u.b.s. who recently wrote a report on the cost of building out the electric vehicle charging network tesla needs. also with us david kirkpatrick. fascinating report you put out. $8 billion is the price tag. do you think we will have an efficient infrastructure empowering the electrical vehicle? >> that is the high end of the range. we provided a range of $2 billion to $8 billion. in the low end of the range, about $2 billion. minutesabout 30 for a charging station. the extreme scenario is about four minutes woodward -- which would match the convenience of a gas station. caroline: put it in perspective of the amount you see coming in terms of capital investment from tesla. billion to $8 billion a significant amount? >> quite frankly, it is a drop in a large pool. that $2 billion will occur over years. i think people are focused on the model prelaunch. we are highlighting in our report that when the model 3 gets out, you will need more convenient for consumers in terms of those who want to go

lauren: tesla ceo elon musk wants to upgrade your brain with a computer. we'll tell you about the latest come to me. lauren: in sports and the san antonio spurs with lebron james and the cavaliers had a first-place bid and hockey literature at red wing beat the carolina hurricanes. a scary situation for the goaltender. nicole: good morning. by the 1:00 a.m. tuesday, march 20th. we welcome you to "fbn:am," your first look at morning markets and breaking news. lauren: let's get started. lawmakers carried out for a fight over government spending bill. only a dozen workdays before april 28th because of the two-week recess in athens next month. house and senate leaders expected to speak about plans on how to address government funding to avoid a partial government shutdown. nicole: conservative republicans push for action. the funding planned parenthood to be included in the bill. democrats opposed the bill. the measure will likely need 60 votes to pass the senate. republicans currently hold 52 seats. lauren: after the collapse of the health care of the health

the "wall street journal" says billionaire elon musk wants to turn the idea into reality through a newolink. the technology is called neurolace. involves implanting tiny electrodes into the brain that will upload and download thoughts. >>> that gives me a headache just thinking about it. maybe if they can erase bad memories i would be interested. thank you so much. >>> still ahead a new approach to a long running crisis. doctors issue guidelines on treating substance addiction to let more people get the help they need. let more people get the help they need. well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol incr

. >> plus, elon musk wants to make a new connection. the way the ceo of tesla hopes to merge computers with the human brain. >>> it is 4:45, as you wake up, head out, get ready for a warm day. here's the forecast for russian river valley. it will be in the mid 70s the next couple days. then turning cooler on thursday. with a slight chance of rain. we will talk about when and where we could see some rain. it's coming up at 4:49. >>> and looking at great travel times. the top of your screen, still 17 minutes from highway 4 to the bay bridge. i'll show you where you'll have slowing early this morning. >>> business and tech news now, merging computers with the elon musk is whipping up new technology to keep up with brains. >> anything that improves our brain functionality in the morning is good. we turn to landon dowdy to joins us live from cnbc world headquarters. i saw you carry the coffee to the desk. morning, landon. >> soy, sam. guilty. i could use a brain challenge this morning. good morning to you both. let's gea quick check of the m

spacex one of elon musk's companies. they will try to relaunch this falcon 9 rocket.ed to landed on a floating barge in the atlantic ocean and recycle it. maybe it is wednesday or thursday now. talk to me about this rocket. this is really proof in the pudding, right? dana: they landed on a drone ship last year, checking out all the engines. the latest i have heard is it is the launch is slated for late thursday from cape canaveral. cory: is it weather? dana: there is always a risk of the weather. you have to get clearance from the airforce to fly and sometimes people in luxury boats are looking. it is slated for late thursday. we will see how the weather holds. cory: the notion is this will alternately be cheaper, but how expensive are these launches? is it reasonable these rockets can save money? dana: ses, the communication satellite satellite, has said what the price is. the cto says they got a cheaper launch for being first in line, long-time customers willing to go first. we know from spacex's website that a typical launch is roughly $62 million. there is a disco

what we have heard from elon musk says what?80% chance that he will not have to go back for more money. that is what one of the tech websites was reporting. analysts are skeptical. yesterday, we are still hearing something he will have to go back and get more money. thatossible explanation is it will be a soft launch of the model three. we will not see a lot of production of the car. they will not be ramping up so rapidly. they will be holding quickly year, and that is when they would come back for more money, early in 2018. convinced thatou 1.1 5 billion is enough? they are burning like mad. >> thanks for having me. i do not think it is enough. i'm surprised it was not a bigger transaction. you have to strike when the iron is hot. there is a lot of positive sentiment in the investment community looking ahead to the model three launch. -- hiser guest mentioned comment was accurate, we are going to see a continued spent as the model three progresses from a soft launch well into 2018 as they try to work their way over to 500,000 u

elon musk needs to raise $1.15 billion to bring his model three to market.is believers could hardly be happier. tesla shares rose on the news. elon musk is personally participating at purchasing $25 million of common stock. we caught up with a bullish analyst and bloomberg's david welsh. >> analysts are skeptical. yesterday, after this, some think he's still going to have to go back and get more money. one possible explanation is it will be a soft launch of the model three. in other words, later in the year, we will not see a lot of production of the car, so they will not be building it so rapidly. they will be building production more quickly next year when they need to come back for more money. perspective,nalyst jamie from consumer edge research, are you convinced $1.5 billion is enough? they are burning like mad. >> thank you for having me. i don't think it is enough. there is a lot of positive sentiment among the investment community looking ahead to the model three launch. the other just here mentioned -- his comment was accurate. we will see a continu

elon musk's purchasing $25 million of common stock.he tesla model three is set to begin production in july. we caught up with a bullish analysts and bloomberg's david welsh. >> analysts are skeptical. we were still hearing that he will have to go back and get more money. one possible explanation is it will be a soft launch of the model three. they will be building production more quickly next year, when they need to come back for more money. maybe early in 2018. >> jamie from consumer edge research, are you convinced $1.15 billion is enough? they are burning like mad. we saw almost $1 billion. >> thank you for having me. i don't think it was enough. i'm surprised it wasn't a bigger transaction. there is a lot of positive sentiment among the investment community looking ahead to the model three launch. the other guest mentioned, his comment was accurate. we will see a continued spend as the model three progresses from initial launch in 2018 as they work their way towards 500,000 units. i'm surprised they did not take this opportunity to

plus elon musk's new venture, how he plans to connect your brain with a computer. in a couple minutes. new bikes aren't selling guys... what are we gonna do? how about we pump more into promotions? ♪ nah. what else? what if we hire more sales reps? ♪ nah. what else? what if we digitize the whole supply chain? so people can customize their bike before they buy it. that worked better than expected. i'll dial it back. yeah, dial it back. just a little. live business, powered by sap. when you run live, you run simple. >>> good morning. markets now back in the green after the longest losing streak for the dow since 2011. a round up of the global market picture straight ahead. >>> central bank speakers are out in droves this week. on today's agenda words from janet yellen. >>> and delta takes a swipe at united over i leggings policy. all those details coming up this tuesday, march 208, 2017. you're watching "worldwide exchange" on cnbc. >>> good morning. a warm welcome to "worldwide exchange." i'm wilfred frost. >> i'm sara eisen, good morning to you. >> let's get straig

but elon musk insists the overall success rate is high. >> this should be exciting and gets the worldt sending people into deep space again. >> reporter: some experts believe the plan may be too ambitious to pull off late next week. but he says the space capsule was designed to run on auto pilot and the crew will receive extensive training in case something goes wrong. he expressed his gratitude for the folks here, tweeting spacex could not do this without nasa and can't express enough appreciation. >> that's the "overnight news" for this wednesday. for some of you the news continues. for others check back with us a little later for the morning for others check back with us a little later for the morning news and of coursers >> wednesday, march 1 . >>> it's wednesday, march 1st, 2017. this is the cbs morning news. >> i am asking all members of conclude to join me in dreaming big and bold and daring things for our country. >>> president trump softens his delivery, but keeps his bold plan in his first joint address of congress. [ applause ] honoring the fallen. the wife of a navy seal k

of tweetsas a series mikeen elon musk and cannon brookes in australia in which elon musk promised to deliver 100 megawatts of power for southwesterly a in 100 days. this was in response to serious problems. the grid completely fell over after a series of storms. a lot of that got pinned on the state's heavy reliance on renewable resources. there's been a lengthy discussion about what can be done in this idea of pound storage is a popular one, but one wonders if in the sunniest and windiest continent on earth why no one has cracked this not yet. betty: it is a tough nut to crack. the ousted korean leader, park remaining defiant saying the truth about her impeachment will emerge eventually. her fall has left the country with a daunting but for your task -- rooting out corruption among political and business figures. south quite a weekend in korea. shery ahn joins us now. what did she have to say? shery: she is finally broken her silence by having a lawmaker from her party speak on her behalf, saying that she is sorry that if she wasn't able to finish her presidential duties, she would

coming up, elon musk is looking for money.e is out to raise $1 billion to bring his model three to the market. plus, intel hit the ignition switch on its dream for the driverless car with its $15 billion acquisition. how mobileye went down. another twist in a massive 2014 yahoo! hack. u.s. officials blame russian intelligence. first, to our lead. elon musk needs to raise $1.15 billion more to bring his model three to market. his believers, along with investors, could hardly be happier. tesla shares rose on the news. ceo elon musk is personally participating by purchasing $25 million of common stock. the teslas model three is set to begin production in july and will start at $35,000. we caught up with a bullish analyst and bloomberg's david welsh. >> analysts are skeptical. yesterday, after this, some we were still hearing that he would have to go back and get the money. one possible explanation is it will be a soft launch of the model three. in other words, later in the year, we will not see a lot of production of the car, so

elon musk is one of them. he lives off subsidies as a contractor.i love apple, i use a macbook and iphone. but he's not on our side. he wrote an editorial saying the government should force christian businessmen to cater gay weddings. these are not people who have the free market idea that some people associate with big business. kennedy: and they don't have a fundamental understanding of why government need to be smaller. i appreciate their innovative thinking. i think separating public and private is always in our best interest. though i will say in elon musks defense, making nasa smaller and building cheaper rockets wrath that are reusable. if that's one of the thing that follows from this public-private partnership, then that's okay. it's not ideal. i will come on this show and praise elon musk if five years from now he made nasa smaller. kennedy: i can't wait for that day. tim carney, thank you so much. coming up, robots are going to start delivering. but will it be pizza or babies. but will it be pizza or babies. maybe both at the same time. a

has publicly champion, yet elon musk pointed out the law does not include additional funding fromte "perhaps there will some future bill that makes it different from ours, but this is not it." on monday, we hear from bill knight on his recommendations to president trump's national transition team. 5:00 p.m. neway york, 2:00 p.m. in san francisco. all episodes of bloomberg technology are live streaming on twitter at @bloombergtechtv. that is all for now. this is bloomberg. ♪ carol: welcome to "bloomberg businessweek". i am carol massar. oliver: i am oliver renick. one day trader who loves wearing a wire for the fbi. creator hasert strange and controversial viewpoints. carol: the shockingly bad safety record for auto-parts makers in the south. oliver: all that ahead on "bloomberg businessweek". ♪ we are with the editor in chief megan murphy. you look at china, specifically

how significant is this for elon musk and indeed for tesla, i guess?s seen as a win for tesla because tesla is burning through cash to get to the point where it rolls out its mass-market model three, this electric sedan that they want to roll out this year. it is a costly exercise. then there are the potential synergies that come along with the tencent investment. the investment was about $1.8 billion. for tencent, they have invested in a number of different technologies that are changing the auto industry, artificial intelligence, the didi investment, and the mapping, so that is something they have invested in, so it fits in nicely for tencent and its portfolio. investors are cheering this. ,esla's share price popped 3% near that intraday record high. tencent shares have been up on the news as well, so people looking at potential synergies, and this cash injection as it looks to roll up his mass-market model three. you mentioned synergies, what could this investment mean for tesla's push into the ever lucrative chinese market? tom: that is a key quest

. ♪ cory: to say that the tesla ceo elon musk s that a high bar is an understatement.o build 443,000 model 3's by the end of next year. they have yet to build one. our next guest is quite bullish with the stock at 50% since the beginning of december. now.jonas joins us really glad you are on. you have followed it closely. model 3.e about the it seems like it is the biggest thing for this company. . wendy you expected to ship and what price? adam: our forecast are much more conservative than the company this year and next. we expect the company to go into a soft launch mode into the fourth quarter this year. our forecast is for 2000. not 20,000, not tens of thousands, but 2000 units to be delivered at the end of the year. that is a very small above zero number. the point of this year is to have the initial deliveries done to get the data and initial feedback from the community. next year, 80,000 units. 400,000ave talked about or that kind of pace. we are nowhere near that. a few more years to 2020, billy lessumbers ar i believe the nue than a third of what management wa

but what else do we think in terms of the money that elon musk himself is putting behind the steel? s number one stockholder in tesla, and he is contributing more. >> he is buying another $25 million worth of stock. that's what elon does. he borrows money, he secures it against his own shares in the company, he does not take a salary. the money he borrows from his underwriters is essentially what he is willing on. -- living on. he continues to buy more shares. he has a lot of skin in the game, and investors like that. i think that is something they have always admired about him. he will probably need to come back and get more money, though. that is the consensus here. investors are prepared for it. maybe it is a matter of waiting until the model 3 cash needs stretch out and a half -- and they have to go back to the market again. caroline: you think the price target is bullish. you think the price can rise further. does this mean there has to be a smooth process to the model 3 coming onto market, or have you factored in any other risk factors here? >> i think it has to be reasonably s

is that why elon musk is always at the white house?ve a very big impact. tesla has -- when we started the company, it was, you know, oil was at an all-time low. we are not focused on chasing incentives or chasing subsidies, despite some criticisms there. we are going to keep doing what we are doing and keep growing and scaling regardless of what happens with subsidies or with incentives. the energy markets are obviously volatile. they'll continue to be volatile. these technologies are coming down in price every single year. >> yeah. >> so we don't see this changing. the long-term trend will be the same. >> i was reading about california recently which has done a lot with solar power but they almost have too much of it a lot of times during the day, not enough at night and then the rates spike. how can tesla help to solve that problem and solve it affordably? >> storage and batteries in particular are a great way to solve that problem. anyplace where you have an abundance of renewable energy that's often the cheapest energy. you need to

the sign at the scene, elon, please dump trump. it's a reference to musk agreeing to join president trump's business advisory panel. while facebook ceo mark zuckerberg and uber's travis cal have declined. he previously defended his position on the panel saying engaging in critical issues serves the greater good. >>> kevin durant still three weeks away from being reevaluated of course after hurting his knee last week. >> last night, kd hobbled into oracle arena with crutches and a knee brace and met with the media. durant says he's finally able to straighten his leg out. he's recovering from a knee sprain and bone bruise. at this point, kd says he's not even targeting a day for getting back on the court. >> whenever my body tells me i'll be ready to play, that's when i'll be ready. i'm not thinking too far down the line. i'm just worried about i had a great day today and look forward to having a good one tomorrow. >> the warriors could have used him against the celtics. they lost 99-86 at oracle. the warriors western conference lead over the spurs has been

. >>> first tesla, then spacex, now elon musk has another project in the works that has to do with your brain. >>> plus, a dire warning about some of skra kra's mocalifornia popular beaches. what i they could be gone in just a few decades. and a live look at the -- now it's a live look, there we go. it's still dark outside. you can see the toll plaza, traffic stacking up there, as it usually does but we are keeping a look at weather and traffic through the entire break on the through the entire break on the sides of >>> wide range of temperatures this morning, even across the south bay where we have campbell, los gatos, santa clara at 44, san jose at 47. 42 in lafayette and danville, alameda 53 and san francisco 51. here's san rafael looking south on 101. it looks like a plane taking off there. at the coast. dangerous waves today starting at 7:00. warmer if you're going to be exercising this afternoon. we are seeing minor drying. walnut creek looking at tree poll en and hold spores going to be high. 70 to 75 for the rest of us. temperatures get warmer tomorrow before a cold front and sl

liz: should tesla's ceo elon musk start learning mandarin? look at the stock.wo and 2/3%. why am i asking the he question? he might need to. china's 10 cent is took a 5% stake in tesla. nasdaq is charging ahead. 31 minutes to go before the closing bell. >>> rocket ships and self-driving cars were not enough for elon musk what about linking your brain to a computer. the company, neurolink, using neural laced technology that would allow people to communicate directly with machines without going through physical interface. it involves implanting electrodes into your brain and people can up load or download their thoughts do a computer. the it will be released in a week. do you want anything like that? all you read my mind is chocolate of many different times. that is all i think about. >> if machine mind readers don't scare you this might. the odds are years away losing your job not to someone younger other cheaper than you but to one of these. he robots are getting smarter and better and a lot faster than anybody thought. jobs lost to automation from robots years

how elon musk's new venture could link your mind to the internet. uh-oh.ming next. change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. .. melissa: elon musk's new company wants to merge computers with human brains. david: he says the new technology could implant brain electrodes into your head to up load and download your thoughts. >> you say -- every day, every day it is going to be a price. >> this is war every day. they are playing for keeps. the democrats aren't going after people who are not effective. they want trump out. they want him neutralized or their dream is to have donald trump driven out of office. >> his primary job

elon musk is creating a big stir on social media this morning.ink he has his hands full already over at tesla and with spacex, but now the founder is stepping up his game in artificial intelligence with a new company called neuralink. first reported by "the wall street journal." now elon musk says he'll unveil new details coming up shortly. expect this company to focus on putting electrodes in your body to help improve coordination with machines. that whole man versus machine debate actually coming together in elon musk's vision. back to you for now. >> nancy hungerford live from london, thanks. >>> we'll tell you what to expect. >> it's been about 396 days, exactly 396 days since chris christie shocked the world by endorsing donald trump. left us all wondering what it meant for christie's future in a trump white house. now we have some answers. we'll tell you next. ♪ ♪ ♪ everyone deserves attention, whether you've saved a lot or just a little. at pnc investments, we believe you're more than just a number. so we provide personal financial advice

elon musk has launched a new firm with a focus on creating technology to link the human brain to computersit is registered as a medical research firm and could be used to improve memory or artificial intelligence. watchdog hastion accused the ecb of crossing a line into improper activity during the eurozone crisis. saying the ecb should withdraw ofm the so-called troika international lenders that oversees bailout programs to governments and banks. steps toey are taking increase transparency and accountability. south africa's embattled finance minister has returned home after being recalled from an investor roadshow. despite rumors he could soon be fired, with growing tensions with the president. he seen as a stabilizing force in south africa's often volatile economy. and the say the country could still be in for a rocky ride. >> i think the effect of the current minister of finance would be extremely serious for the country and for its economy as a whole, because it would be the capture ofof the national treasury by forces that are closely aligned to the president, who are keen to get thei

but there is also a conservation leader among that group, including elon musk as i mentioned.ind of folks in the infrastructure field but, from all over that field. later this afternoon the president will meet with congressman elijah cummings. the focus is on prescription drug prices that is an interesting duo, if you follow the narrative between those two, no doubt. later moves to conservative leaders on health care. that is how it is framed on the president's schedule. you know the backstory behind all of that and what the administration is facing. tonight, neil, i feel like every few days, we say to be a fly on the wall. the president and the first lady tonight will have dinner with mr. and mrs. ted cruz. that will cap off the day at the white house. neil: wow. he did with lindsey graham. i don't know what comes of these pow-wows. all of these business titan luncheons get together meetings. president holding these at a record pace. i heard someone describe it at the white house as a collective reach-out to the corporate world that people will see every day on tv. he is seri

good afternoon, president now having lunch with some folks on his strategic infrastructure plan, elon muskt the ceo of tesla and space x, one of the participants along with rick perry perry company secretary of energy, elon musk a very frequent visitor and participant and president trump's roundtables are no surprise to see him here. later today, the present will host conservative leaders from the house up there on capitol hill to talk about the new american health care act. the president getting a lot of blowback from conservatives who think this is nothing more than obamacare lite, that there is the same entitlement with in it though of a different scope and application than in the affordable care act. rand paul from kentucky one of the people who has been most critical of this, prompting the president to tweet out last night: "i feel sure that my friend rand paul will come along with the new and great health care program because he knows obamacare is a disaster!" the president also believes that conservatives, particularly members of the freedom caucus who have been very vocal in their

corey: elon musk and a living crisis in australia in 100 days. a contracts, south australia had a recent problem with blackouts. the prime minister blamed it on the rapid take-up of renewable energy. teslas battery chief claims the company could easily install and of batteries to prevent the backup. -- blackouts. he asked how serious are you about this? elon musk says we will get the system stalled -- installed in 100 days or it is free. they agreed on a process of the price of $25 million in the hands of australian politicians. meeting with malcolm turnbull and discussing the priority of clean energy. replying with his excitement to discuss the future of electricity in australia. now to u.s. politics. president trump has tweeted out he may have been a wire trap -- wiretaps. asking the justice department for any evidence for next monday. to former ciaing director michael hayden and asking how confident he is that the finance will come to light. >> and confident we will not let monday of next week if there is evidence. instinct is powerful on this

david: the man behind spacex is elon musk. elon: we are entering a new era of space travel that is exciting. david: there is a history of being late, but delivering. reasonable spacecraft will make space travel cheaper. last year one of the rockets blew up, but spacex quickly got back to business launching satellites. the dragon capsule delivered spaceto the international station. a trip to the moon is harder, but critics say it will be a joy ride. peopleill give 2 rich the trip of a lifetime. it is not science, it is not exploration, it is repeating missions that had been done 40 plus years ago. an adventure, a thrill ride demonstrating a new capability. david: how much would it cost? urists visiting the international space station would be $20 million each. a moon trip would be more. we don't know who the passengers are, but if they get their they would pave the way for passengers to follow. laura: you have to be adventurous to be one of the 2. you can count me out. spectacular pictures from italy where europe's most active v

the man behind spacex is elon musk. spilled out a startling vision of travel beyond earth. i think we are really entering a new era of space travel that's very exciting. there is a history of spacex promises running late but eventually being delivered. ten days ago, it landed a huge rocket, significant because reusing spacecraft will make launches cheaper. last year, one of its rocket blew up, but spacex quickly got back to its key business of launching satellites. this week, its dragon capsule delivered cargo to the international space station. a trip to the moon is obviously harder, and critics say it would just be a joyride. well, it's going to give two rich people a thrill of a lifetime. it's not anything to do with science or exploration. it's repeating missions that have been done a0 plus years before, so it's basically an adventure, a thrill ride that demonstrates a new capability. i love space. so, how much will it cost? well, tourists visiting the international space station have paid at least $20 million each.

. >>> tesla ceo elon musk is taking advice from a fifth grader. he's holding a contest for homemade xheshs. in a letter she said she noticed tesla doesn't advertise and they should let fans produce something. elon musk responded later. >>> make the most of being outside today and tomorrow, not looking too bad out there. looking out towards sfo, not a cloud in the sky. the warmest days of the week translating to mid and upper 60s across the bay area there's a storm track for the moment, it's focused up to the north of the bay area so you can see the clouds up there. clear skies with an upper level ridge taking shape over a good portion of the area. temperatures in the 80s later on this afternoon. for us you can see the cloud area over 130 miles out to the west. that's approaching for your friday. as far as current numbers now, san francisco checking in at 59. santa rosa 62. napa 64 and san jose, a very nice 62 degrees. live camera looking out there, we'll go ahead and reveal the forecast headlines for today. sunny and warm for your friday, high clo

amazon's jeff bezos and tesla's elon musk both want to put you on the moon. chip reid has the story from the washington, d.c. convention center. >> reporter: more than 14,000 space engineers, entrepreneurs and enthusiasts are gathering here to discuss the future of space and they'll be watching a fierce competition. not between two nations but between two billionaires. in less than a year, space company blue origin has successfully launched and landed its rocket, the new shepherd, five times. but now the company appears to be shifting its focus to a familiar target, the moon. blue origin is reportedly circulating a seven-page white paper to nasa and the trump administration, outlining its plan to develop a new spacecraft to help it establish human settlements on the moon. >> what it really wants to do is to land this lunar to bring cargo, supplies, equipment, science experiments. >> reporter: the target isn't just earth's nearest neighbor, he's also aiming at elon musk and spacex. to make its shipments, blue origin could use its newest rocket, the new glenn,

. >>> and elon musk to the rescue. how he wants to help an entire country in 100 days. in 100 days. >>> we see traffic but it is just moderate. no major problems. we do have a backup at the toll plaza. that's pretty typical. coming up, it will take a look at some of the other east bay freeways. >>> dry mild pattern. i will show you what you can expect for the afternoon. he on. >>> welcome back. taking you live, dow jones up 42 points, 20,000 901, the nasdaq is up as well. and, economic news this morning, definitely helping stocks. the latest monthly jobs report is in. more jobs, the jobs number went up and the employment rate kicked down to 4.7%. and that reconfirms that we will probably see a rate hike next week. >>> uncle sam says of the wealth of american households has reached an all-time high. they issued a report saying that the combined net worth hit nearly $93 trillion in the fourth quarter. much of those gains came from the booming stock market. home prices in december were almost 6% higher than december 2015. financial expert predict that be should also lead t

giles and was tom dana who covers all things elon musk.x founder was over the moon after pulling off the first used rocket mission. elon musk spoke yesterday about what he thought the launch meant for the future of spaceflight. >> it is an amazing day for space and the industry. reflyns you can fly and an orbit class booster, the most expensive rocket. this will be a huge revolution in spaceflight. brad: coming up, waze looks beyond navigation to food. we will dig into what mobile ordering means for the company's strategy. the final four tips off saturday in glendale, arizona. the semifinals feature south carolina against gonzaga, north carolina against oregon. it also means bloomberg's brackets for a cause is coming to an end. we brought together some of the biggest names in business and finance to compete in the bracket, ongoing to charity -- all going to charity. there are still three games left to be played. you can follow all of our bloomberg market -- bracket coverage online. this is bloomberg. ♪ brad: google's waze is expanding beyo

yet elon musk pointed out the law does not include additional funding for mars.haps there will be some future bill that makes it different from ours, but this is not it." on monday, we hear from bill team. the nasa transition all episodes of bloomberg technology i live streaming on twitter. check us out at @bloombergtechtv. that is all for now. this is bloomberg. ♪ >> coming up, the stories that shaped the week in business around the world. a shocking attack rocks london. the health-care battle continues in washington. the u.k. and the european union set dates to deal with brexit, and the trump trade hits a speed bump. >> it is like someone flipped a switch that said hands off. >> explaining why he held out against a rate hike. >> the data is moving sideways. i am asking, what is the rush to raise rates? finance ministers pushback against protectionism.

as for elon musk, he's not tweeted ar commented on this billboard. itis been up at least a week and costs $5,000 a month and seen by over 200,000 drivers a day. >>> now to a very odd story, a dancer who put on quite a show during a council meeting in portland, maine. take a look at these moves. she was recognized as part of the arts in the chamber monday night. she performs an except from "shadow artists." nice to meet you. she spent most of the time doing somersaults and flailing around. it got awkward when she crawled on top of a guy. the mayor thought the performance was great. so many ways to go with that story. we should stop there. >> weshds. >> i think. >> how about weather in the chamber. weather in the studio. whether forecast. here is a look at live doppler 7. we have bright skies with a few high clouds. it has been a pleasant and mild day. right now, we have temperature readings in the mid-70s. 74 in concord. mid to upper 60s around the bay and this pattern is going to continue for a while. this is the view at the golden gate bridge. a cob

elon musk said it would bring them close to the edge, that is the phrase he used.he model three is where the investment is going at the moment. cory: i am sure there are interesting tidbits when you read the filing, but it is a curious time for the company because they are going from this niche maker of very expensive cars for very select people, to a much bigger thing. they say they will sell them for $35,000. and the equipment that they are getting, they are leasing and not buying, so expenditures may not need to be as great. even $2 billion spending for the first half of the year would not be enough to really build the automotive manufacturing facility with the capacity for a audi or so on. caroline: we are getting an update to the big picture and really bloomberg saying this is going to cushion the balance automakerhe youngest and helping it round out. it is not just an automaker, this is a company that is making batteries, elon musk making sale after sale. cory: the batteries have been a big disappointment. what we see is over $100 million with only $300 milli

elon musk is set to make that a reality. we will explain how.his is bloomberg. ♪ emily: elon musk has launched yet another company. cory: the merge artificial intelligence with the human brain. its earliest stages is yet to make a public presence. joining us from san francisco, matt murphy. the, this is intriguing, notion of a.i. matching with health care. give me a couple of examples of a.i. toht ai-- the way make our current health care system better? >> two ways. one of the main things that is happening over the past five years which is a gene sequencer which used to cost $5 million is down into the $30,000 range. you can process massive amounts of genomic data for a disease, same thing with rna. so you have got the ability to do things very bespoke on an individual basis, that is one. secondly, there is massive amounts of health care data that is in electronic form. electronic medical records or pathway data which shows how hospitals treat the different disease states and every step along the way. e data seta.i. to th that comes out of the g

i agree with you, elon musk is going to buy him out somewhere, but -- >> no one is buying him out. >>s partnered with avr company. >> a green screen is taking an old man's money. [laughter] >> good for him, keeping that 87-year-old mind -- >> tom: he's incredible, look at him. >> someone sit down to be honest with him, "okay, you're not going to go to mars, but marijuana has gotten a lot more potent these days, get some really good stuff close go. >> he wants people to go to mars, he's the conduit of getting people to mars. s selling christmas letters in march, he's obviously got dementia. >> he's creating a virtual reality thingy to go to mars. that is literally the plot of "mission to mars." no, "total recall." i can't totally recall. it's the actual plot of that movie. you know what i would do -- >> smoke pot outside? >> on the way up there. >> what do you need an extra four, two doesn't satisfy you? >> all the radiation turns everyone into freaks. >> tom: that's why we shouldn't go to mars, you saw "total recall," you saw what happen when the seal was broken, it's bad, you can bre

the entrepreneur elon musk says he can fix the power shortage that has caused blackouts in south australia in 100 days or less. the boss of the electronic car from tesla, but he also founded an energy car firm, solar city. they can install it battery storage grid which can handle between one and 300 megawatt hours of energy. that would provide the after capacity needed. when challenged, musk says he and if he serious failed to do so in 100 days the entire service would be free of charge. is that serious enough for your? -- for you? anchor: thank you, i will be back with the headlines. ,,?ghqxÑxÑxÑxccxqqaxúaueex 03/10/17 03/10/17 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! as president trump attempts to temporarily ban refugees from six muslim majority nations, we will look at how one of washington's closest allies has instituted a travel ban of its own. israel plans to bar entry toto supporteters of the boycott, divestment and sanctions movement, known as bds. we'll get response from rebecca vilkomerson, executive director of jewish voice f

nicole: elon musk spacex in successful launch.could dramatically lower the cost of space travel. lauren: march madness runs to a head, why did these players lay on the floor like they were doing yoga? we are going to explain. nicole: 5:31 a.m. in new york, friday march 31st, we welcome you to fbn:am, first look at what's moving in today's markets and the latest breaking news. lauren: i could use yoga right now. mike flynn in discussions with the congressional intelligence committees as well as the fbi on receiving immunity from prosecution in exchange for questioning.of ongoing investigations into possible contacts between the trump presidential campaign and russia, flynn's attorney issuing a statement saying in part, no reasonable person who has the benefit of advice from counsel would submit without assurances against unfair prosecution. nicole: karl rove, former senior adviser to president bush. >> i thought it was unusual gesture on his part. it was okay for him to step forward and say i will testify, be happy to meet with him

and tesla founder elon musk is making a bet with the australian government.says he can solve their blackout crisis within 100 days of signing a contract by building an energy storage farm. if he doesn't solve the problem, the costs to the government is free. australian leaders say they are anxious to speak with elon musk about his proposal. i'm jackie ibanez for now back to "red eye." have a great morning. ♪ wasting away again in margaritaville ♪ ♪ searching for my last shaker of salt ♪ >> tom: seems like a real talk show, isn't it? >> i can't listen to any music on fox show after i've seen them do it on "the five." i'm not going to be that person. >> tom: now geriatric deadheads can shuffle -- singer jimmy buffett announced plans to open a string of margaritaville themed retirement home communities. the first in daytona beach, florida. the 7,203 bedroom furnished start below the 200,000's, the first set to open in 2018 2018. the web site for the project features photos of retirees sipping on cocktails and walking hand-in-hand in the beach. and the sales pitc

he will work with businessmen including tim cook, bill gates, elon musk.t's expected to operate as a s.w.a.t. team of strategic consultants expected to float above the daily political grind. in terms of political capital being used up, i'm sure this is something that won't particularly please most washington insiders. >> hmm. that they're going to turn to ten executives. >> ten executives. we need to solve the problems in washington. to do that, we're bringing in washington outsiders. i'm sure that will ruffle some feathers on capitol hill. >>> speaking of capitol hill on the agenda today, the senate judiciary committee is expected to vote on the nomination of neil gorsuch as supreme court justice. the committee chair said the vote could be held over a week. republicans hope to have gorsuch confirmed before april 7th. >>> this week's wall street agenda is full of economic data. look for consumer confidence in the speech by fed chair janet yellen. wednesday, pending home sales. friday, personal income, chicagchicago pmi. and look for results from lululemon,

elon musk is not a huge believer, but most of the car companies rely heavily on it.es it. uber uses it. the cars gm is playing around with use it. it is the main way the car sees. the better it is, the less computing power you need, which makes sense. if you are using a digital camera, then you need a much better computer to pick out the difference between a pedestrian in a car, where as with the radar you can see all the contours of the car and its movement. google's radar is way cheaper than what is on the market, at least according to google. if uber were able to acquire this or develop their own and bring the cost down, that would be a huge competitive thing that could allow them to -- google.viously beat carol: speaking of taking cues from google. oliver: baidu is making a big bet on artificial intelligence. >> baidu is that google of china and has expense rapid growth in recent years, but last year that growth slackened into single digit percentages. they are seeing some of their key business is under attack from other players, so they see artificial intelligen

but he's less concerned with pu president trump seems so hesita >>> the spacex founder elon musk says payments from two space tourists he plans to send on a trip around the moon and back again. manuel bojorquez has the story from the kennedy space center. >> reporter: atlantis was the last shuttle to take astronauts into place. now it's a whole new world. the names of those new would-be astronauts are top secret right now, and so is what they are paying, though experts believe it could be in the tens of millions of dollars. spacex hopes to launch them from pad 39-a, where many of nasa's "apollo" missions began. >> ignition and liftoff. >> reporter: the mission would use a much larger version of the falcon rocket which currently delivers cargo to the space station, using the capsule to send two people past the moon by the end of last year. >> there is some risk here. >> reporter: in a conference call with reporters, elon musk laid out the plan. >> this would be approximately a weeklong mission. it would pass the moon, and loop back to earth. >> reporter: humans haven't flown to the moo