a lot of people look at elon musk as a p.t. barnum kind of guy. none of it is new. it's all rehashed. some ideas have been around for 100 years. i think he's moving them along in a way that's exciting. >> it's innovative. and anybody who has been to chicago's o'hare airport knows the dire need that you need to get downtown quicker than the current system is. he's innovative and i actually -- i don't want to say like a republican off his meds but i think rahm emanuel is giving him a good job to build this project. this being that the motivator will be profit, the motivator of elon musk, the money will go into his bank account and not a government-funded organization and that's what's going to get the job done on time and right and quickly. >> color me skeptical. this is chicago. like the most corrupt city ever. and it's also a city with a ton of red tape. we've seen elon musk try this in california and maryland and it was the red tape and environmental regulations that ended up hanging him up. then you look at elon mufng. i know this is supposed to, a private-public

elon musk is capable of great things.ven if he were to miss the goal by a week or two, even a month, we are long-term investors. we have high confidence in tesla. it is one of the top positions in a few of our funds. we are looking to the long-term here. it goes past the production numbers. we think this is an autonomous electric vehicle story. it is a $10 trillion market globally. we are excited that musk has realized that opportunity. it seems like he is on track to get there. emily: tesla is turning its attention to expanding its manufacturing capacity, talking about opening another plant, which will produce cars, battery packs, and power trains in shanghai. take a listen. >> we are incredibly excited to build our first tesla factory outside of the u.s. in china, specifically in shanghai. we have been holding discussions with the various governments in china, really great discussions, great partners. we really look forward to working with them in the years to come. emily: max, are there any concerns that tesla is movin

. >>> and later on, the windy city gets subterrainian, making a deal with elon musk's bores company.>> if you're just joining us this morning, the attorney general of new york state has sued the president and three of his children, alleging persistent illegal conduct at the president's charity, trump foundation, seeking dissolution of that. the president has now responded. the sleazy new york democrats and their now disgraced and run out of town a.g. eric schneiderman, are doing everything their office for almost two yeaeverything they c to see moon on foundation that took in $18 million. >>> drop box is flying higher this morning we're still trying to figure out why. we have calls out to the company and the street earlier this week, thecompany announced updates to storage technology it's not just dropbox. look at a lot of the cloud names this year, they've been ripping higher as investors appreciate the subscription models, potential m & a. a lot of companies have been reporting, not to mention huge market opportunities in front of them flying higher. by far and away its best day si

the fire broke out june 1st and now, it is only 10% contained. >>> the latest project from elon musk isn't too popular with california firefighters. it is a flamethrower sold to fund the firm called the boring company and as stately butler explains, customers can't get enough of this. >> reporter: flamethrowers that look like weapons are the latest sensation from elon musk and he's already sold 20,000. is orange county firefighters -- as orange county firefighters are extinguishing flames from wildfires, the firefighters are sg we have moisture very low and when you have somebody, kids, playing with flamethrowers, it will be a recipe for disaster. >> reporter: elon musk made $10 million on the flamethrowers to raise money for his tunnel construction company. at $500 each, they sold out but we found them online for about $1500 and on ebay, $2000. they act like a giant bunsen burner. a propane tank of 14 ounces connects to the device and they pull the trigger. firefighters that battled the aliso fire a few weeks ago cannot believe they are legal. lawmakers tried to introduce legislatio

later, elon musk to take the stage at the annual shareholder meeting in less than 20 minutes. we'll bring you the latesthead market site in new york city's times square much more fast still ahead options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scisso 1, 2, 3, go. e*trade. the original place to invest online. no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and wer our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. >> whether i leave starbucks or not, i will always bl in at starbucks. but this has been planned for over a year and my confidence and faith in kevin and the leadership team, the long term opportunity for starbucks, the company is in a great position and it's always been a team sport, it's the right time to leave and every other opportunities and other things i

billionaire elon musk, we have this story for you, tesla's elon musk in a wild e-mail exchange with tesla's alleged saboteur who tesla is suing. we have the crazy details coming up. >>> and this story, too. trump national security adviser john bolton heading to moscow to arrange a potential meeting between president trump and russian president vladimir putin. south carolina republican congressman ralph norman is here to talk about that, next. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-week

in four elon musk. maverick and an extremely clever man... he has now said, he is changing strategy, up to now he said it was about market share. this is i cannot really deliver unless they become sustainably profitable. you look at this... they are burning through cash. this company is burning through cash, has a higher market then gm and produces just a few cars. it is unbelievable. it is unbelievable but so far he has managed to write that unbelievable wave. very quickly, tackle the alpha males. they are calling on britain's banks and other financial firms to battle the alpha male culture. why is there still a story? i used to work in the city, and then i worked in industry, now i do my own thing to stop i don't believe we are going to stop i don't believe we are going to get there. (all me jaded. i we not making great strides? up is the 250 employees have to put out their... hopefully that will do something. i have not seen it is getting better since i was in the workforce. maybe i am just pessimist

emily: what do you imagine elon musk is thinking right now?y were represented in the room and i think that they were happy to hear again the resounding support, the interest from the government on all levels, and the interest from the commerce department and their increasing role here. the business of a space is top of mind. emily: chad anderson of space angels, back from that meeting with president trump. that does it for this edition of "bloomberg technology." we will be back tomorrow. this is bloomberg. ♪ >> this is "bloomberg daybreak: middle east." trade tensions rise. china vows retaliation as president trump threatens to place tariffs on another $200 billion worth of imports. warning signals. paul jones says market prices are dubiously high and interest rate policy is crazy. larry summers has this to say. have greatd will difficulty in responding economically if there is a downturn. crude com

emily: what do you imagine elon musk is thinking right now?hey were represented in the room and i think that they were happy to hear again the resounding support, the interest from the government on all levels, and the interest from the commerce department and their increasing role here. the business of a space is top of mind. emily: chad anderson of space angels, back from that meeting with president trump. that does it for this edition of "bloomberg technology." we will be back tomorrow. this is bloomberg. ♪ haidi: u.s. talks extend the global slide as trade tensions are threatened between the u.s. and china. the trump administration maintained a hard-line, mike pompeo calling the claims of openness in beijing a joke. >> opec considers a compromise output plan to head off an iranian and billion. >> and they are like casinos. how it could of the anti-. >>

. >> and the burning concerns tonight over elon musk flame throwers flying off shelves. make ross your destination for savings. if you're looking for an incredible selection of the brands you love, this season's newest trends for a fraction of what you'd pay at department stores, ♪ you gotta go to ross they'd tell you to go to ross. because there's so much to choose from. listen to your pets. they're your best friends, so they don't want you to spend more than you have to. if you want to save big on pet accessories, you gotta go to ross. silenced during her high school graduation speech.. had plenty of people speaking up for her tonight. petaluma high school n lulabel se >>> a stanford bound student silenced during her graduation speech had plenty of people speaking up for her tonight. >> she had her mic cut off when she spoke out about sexual assault. tonight the community gave the school board an earful about it. >> my sophomore year i was sexually assaulted at high school in the band room. he admitted to it. >> bailey walston graduated two years ago and says the schoo

one of elon musk's latest creations ...t sitting well with california firefighters.why they cannot believe people are allowed to buy a flamethrower ... given the dry conditions ... given the flamethrower ... given the dry conditions here. plus..california senator kamala harris firing back at the justice department's decision to drop asylum for immigrants who are victims of violence. but first... president trump is headed back to the united states... after the historic nuclear summit.however, more questions than answers about whether the deal he made with north norea... is good for the u.s. or not. ((lawrence tease))i'm kron 4 chief meteorologist lawrence karnow.coming up, i will take a look at your 7 day forecast. details are right after the break. vo))((ken)) a big story we are covering tonight...the historic nuclear agreement between the united states and north korea.the summit ended with a handshake between president trump and kim jong un.((pam)) what remains unclear, is whether the united states walked away with a good

and then you have elon musk sending out a tweet saying, you know what, for those who are questioningther or not we're going to make it or not, they have meaning the shorts out of three weeks before their short positions explode. and as if that wasn't enough news from tesla and elon musk over the last couple of days, there was the fire involving a tesla model s in west hollywood. this was on friday pretty dramatic video. we should point out here that the husband of actress mary mccormick was driving this model s. he was not injured he escaped fine. the tesla team is investigating what happened with this fire the ntsb has not opened an investigation. but it is sending a specialist to watch the tesla analysis of what happened so they can learn a little bit more about electric vehicle fires. so a lot of stuff happening with tesla. a lot of stuff happening withes at the l and fires >> unfortunately for the ntsb which has to keep track of all that in terms of the chronology of it, it wasn't important to keep note of when these things happened because musk's tweet on sunday implies the fire

it's elon musk's boring company. it will take people underground in 12 minutes and his company will pay to build it. on the loop, passengers would ride in autonomous cars based loosely on tesla's suv. the boring company will get to keep the revenue. >>> tomorrow on our award winning documentary series we take a look at some most memorable teens in bay area baseball history. one of the most successful oakland a's teams, and this pitcher was mvp of that series. >> when you put a team together and you have this huge juggernaut team, and you're expected to win, you know, the pressure's really on. you have to perform. there's no room for err error. we won a lot of games. >> tune in for more untold stories on tomorrow's bay area revelations after the dodgers game right here on nbc bay area. >>> imagine this, it's a 90-degree drop. and all the fun that you can handle? our own bob riddell recorded himself. a cattle carcass investn in the south bay. the fight between a rancher and a property owner >>> well, coming up tonight,

what the artist is demanding elon musk do.ken) (ken) a colorado artist is known for his unique unicorn design... and it caught the eye of billionaire businessman elon musk.(pam) however what musk did with that design .... is not passing the artist's smell test. what began as a playful poke at electric cars... has turned tom edwards into an internet sensation. he created a mug of a unicorn... passing gas into a container... then going through a cord and powering an electric car. the whimsical creation caught the eye of elon musk -- the genius behind tesla motors. but a couple months later -- edwards got wind tesla was using a copy of his bottom- blasting unicorn... to promote the cars' new operating system. (sot) "the straw that broke the camel's back was at christmas they sent out a christmas greeting and it had my artwork on it.""well you know, a farting unicorn is sales magic."(pam) elon musk called edwards quote 'kinda lame' if he chose to sue for money... adding, he is the one who made the mugs popular... but would stop us

chicago. >>> and it's not all just about elon musk he has a younger brother you probably have never heardit. kimble musk. like his more famous sibling, kimble is working to mold the futu future, but doing it by changing what we eat. barry peterson has his story. >> do you remember why? >> they need the shade. and, they taste better if they're softer. >> on a crisp denver morning, these middle school students are discovering how to develop a green thumb. you get your hands into the soil. and start planting. arugula, char, and kale. >> will this change how you think about food? >> later in life i would enjoy a garden. >> cheering on these denver school of science and technology students, is the man in the straw hat. he is no ordinary cowboy. he's kimble musk, in the 90s he helped older brother elon launch zip to, and the company that would become, paypal. >> so many people told me, back 2000, 2002, 2005. i missed the opportunity for the internet. i looked at them. i said. yeah, you missed it. it was awesome. real food is the opportunity of your generation. the wave that is coming, will blow

>> that 5000 goal a year -- it has been what elon musk calls manufacturing help.they can continue to do it that it will generate the cash that the company needs so they don't have to generate more money. elon musk says they will be cash flow positive in the third and fourth quarter and start to generate a profit. that rate is very key to success in the future of tesla. >>this goal was delayed twice. i am sure there are a number of fact there's. do you know any of those factors? >> it started off with the company rush to put out this vehicle. they had issues from the get go from putting in the equipment and then they had troubles with the factory that makes the batteries and they had issues with over automation of trying to do too much with robots. elon musk even admitted that he relied on automation too much this time around, it is part of the overall vision for how he wants to revolutionize the world of automotive manufacturing, making a greater and greater automated then what the rest of the industry is doing. he said in this case he did too much. he is going to

every week is pretty exciting for elon musk.terday the stock jumped a lot when he promised there would be additional self driving capabilities in tesla cars. today, we saw this layoff announcement. it is something tesla had telegraphed and elon musk had talked about a real organization. he also said the company was going to try to get the profitability in the third quarter, which would require some heroics, so we are seeing the other shoe dropped. people might feel good about this. business the company finally getting serious towards profitability. on the other hand, not great for employee morale to let 3000 people go. emily: elon musk tweeted, difficult but necessary tesla reorg. my email has already leaked to the media. here it is unfiltered. your point about investors is it is going to be welcome news, if it does not impact the production schedule, as he says. does this prove he is willing to make difficult decisions for the bottom line? max: it is really hard to say. in the moments after this memo was reported by bloomberg,

. >>> elon musk hopes to deal -- deliver on a promise by cutting jobs from tesla's workforce. no factory workers would be affected as they ramp up production of the lower-priced model three. the cuts represent 9% of the 40,000 employees, which workers would be affected by this? >> basically all the departments except for those working on the line in fremont. all the various departments across the company. it comes at an awkward time as they don't just try to ramp up production of the model three but are preparing for the next car, a compact sport utility vehicle that the ceo has promised to display next march and start production in 2020. remember, in the automotive industry it takes a couple years to get things going so there is a lot on tesla and it will be hard to take . >>> elon musk wants to produce 5000 model threes per week. you think the numbers feasible? >>reporter: elon musk tells investors recently that while he thinks it's likely, they are on track in his mind to do that but that's the big question. it's a goal that tesla has not been able to accomplish in the past

an emotional elon musk addresses shareholders as he says the carmaker will likelyit its model 3 goal stay tuned these birds once affected by oil are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home > welcomshow former chief executive of cambridge analytica, alexander nix, has been accused of taking over $8 million from the firm just before it collapsed investors speaking to "financial times" say the money was taken soon after the company's role in facebook's data leak revealed in media reports. nix is being urged by investors to return the money. he has not commented on the report. >>> and facebook has announced that it has data-sharing partnerships with at least fourg huawei, which has been raised by u.s. intelligence services as a national security concern. the four chinese companies are among 60 firms worldwide which haveecaccess tme user data after signing contracts with facebook. on tuesday, the social media firm said it would end its partnership with the four chinese firms. >>> and an emo

in our business update, we tell you why elon musk got emotional at his shareholders meeting in california. and a win for gay rights in europe, the top court says a american, has, an the right to work and move within the european union. live from top story paris. ♪ anchor: a general strike is on today and jordan, trade unions calling for the strike after demonstrations broke out in the capil of amman. the prime minier resigned two days, against a new tax law is growing. the protests have bsm an those seen elsewhere around the world, but they are still the first time any mass to mr. sheehan have rocked the country in five years -- mass demonstratns have rocked the country in five years. reporter: their pockets are empty, but their demands are clear. the resignation of the prime minister is not enough to keep protesters from pouring into amman. there have been many in the past years. the latest was appointed by the king this week, he is the eighth prime minister in 10 years. >> e-government shuffle is not enough. we are not asking for different people, but for a different economic policy. is

the unusual way tesla's elon musk is trying to speed up production of the model 3 to keep a promise. the 4 on 2 starts now. >>> and one of the most closely watched and highly anticipated cases, the supreme court sides with the white house on the president's travel ban. they said he didn't violate the federal immigration law or constitution. i'm heather holmes. >> it drew sharp criticism from immigration advocates. the court was sharply decided on whether it was motivated by antimuslim bias. >> today's ruling marked the first supreme court administration ruling on a policy, but much of the country is divided over it, and today's ruling showed the nation's highest court is as well. >> a tremendous victory for the american people and for our constitution. >> reporter: the president today celebrated the supreme court's ruling, calling the endorsement of his authority to ban travel from mostly muslim nations a moment of profound vindication. >> we have to be tough and safe and secure. at a minimum we have to make sure that we vet people coming into the country. >> reporter: at issue was w

the founder elon musk was quick to point out that none of those lay offs will come out of production lines. we have also learned that none of the workers at tesla's freemont plant will be let go. tesla has been suffering massive losses reported in the hundreds of millions of dollars. >>> meanwhile there are some burning concerns about one of elon musk's other projects. a flame thrower customers can't seem to get enough of. stacy butler shows us. >> reporter: flame throwers tha look like weapons are the latest sensation from elon musk. tonight as orange county firefighters extinguish another blaze the new flame throwers have crews seeing red. >> we have had three major fires in orange county just in the last couple of weeks. everything is ready to go. we didn't get the rain this year so everything is brown, the fuel moistures are very low. any time you have somebody or kids playing with these flame throwers it will be what we say a recipe for disaster. >> musk made $10 million on the flame throwers to raise money for his tunnel construction company. at about $500 each they sold out. b

coming up, elon musk gave an upbeat outlook for tesla, but did investors buy it?nd a reminder, all episodes of bloomberg technology are livestreaming on twitter. this is bloomberg. ♪ emily: spacex has marked their 11th mission of the year. the falcon nine rocket carried a satellite for a long time customer on monday. they are targeting roughly 30 missions total, up from a record 18 in their valuation has 2017. climbed to $25 billion, putting it on course to become the third most valuable venture backed startup in the united states. in the meantime, tesla held its annual shareholder meeting and the company faced a slew of issues from production delays to the capricious behavior of founder and ceo elon musk. we dug into another point of contention, tesla's board and who is on it. tesla's annual shareholder meeting this year is a big one. first off, mounting pressure to shake up the board. an investment group came first, opposing the reelection of three directors. a private equity investor, elon's brother, and the ceo of 20% rate box. 21st century fox. these three di

the company has also been in the news after elon musk announced a 9% layoff to turn a profit. that's about 3600 workers. he wrote in an email that the company will never achieve its mission to help move the world to cleaner energy unless, "we eventually demonstrate that we can be sustainably profitable." according to bloomberg, tesla got a temporary permit to house the tent out there. no word on how long this will help with the model 3 production or if it's fully operational. the team went into a cave after a weekend match. but then monsoon rains trapped them inside. they've been missing for 3 days. authorities are racing to pump the water out. the water filled the cav >>> in thailand, a race against time to rescue 12 boys and their soccer coach from a flooded cave. the team went into a cave after a weekend match but then monsoon rains trapped them inside. they have been missing for three days. authorities are racing to pump out the water. the water filled the cave to its ceiling. officials hope the boys found a safe space away from all the flooding. thanks, neda. "adlib big b

elon musk's company is planning an express rail loop to the chicago o'hare airport.his animation shows how elon musk's company is going to perform transportation, along electric skates, people will be swept along at more than 100 miles an hour, making the non-stop trip in 12 minutes. >> trevor: this is a damn shame. what happened to elon muse income he went from i'm going to send human kind to mars to i just want to help 16 people get to the airport. that's all i want. ( laughter ) i feel like this is the opposite of invention. he took a car and stuck it to a train track! what's next? i've replaced the engine with a horse! just to be clear, just to be clear, no one is laughing at you, elon. we're not laughing at you. no, because guys -- i've seen movies, every time the supervillain shows up, the first thing he says, they all laughed at me! who's laughing now? we're not laughing. so elon musk, please don't destroy the world. we would love to go to the airport underground. let's move on to today's big news. immigration. over the past few days, outrage has been growing

the board advised keeping elon musk as ceo as chairman.ers have proposed the idea of an independent chairman amid claims targend the board had failed to oversee elon musk. nxp higher after reports zte signed an agreement. the reuters report also quotes the commerce department, saying an agreement has been signed. the chinese company has replaced top executives, and president trump said it can resume business if it paid the $1.3 billion fine. government has asked saudi arabia and opec producers to increase oil production by one million barrels a day as retail gasoline prices surge to their highest in more than three years. president trumpas publicly complained about the opec policy that boosted prices. it is highly unr washington ask for a specific output hike. the international atomic energy drawn up a iran has tentative schedule for boosting production of uranium. the plan was outlined in a dayter submitted mon following the call for the nuclear industry to be ready for work. the iaea said iran is sticking to enrichment limits under the d

elon musk remains as chairman and ceo of the company. is that too much control or is it necessary for a pioneering company such as tesla? let us know. just use the hashtag bbcbizlive. send us your views on that. a lot of you getting in touch with us already. we start in mexico, where the government there has announced new tariffs on us products in response to donald trump's decision to impose steep duties on imports of steel and aluminium. mexico will put tariffs of around $3 billion on imports of whisky, cheese, steel, bourbon, and pork. the central american country is the largest market for us pork exporters. so it will hit them hard. the trump administration last week levied tariffs of 25% on steel and 10% on aluminium imports from mexico, canada and the european union, angering key us allies. the move comes amid fraught attempts to renegotiate the trillion—dollar north american free trade agreement. known as nafta. the agreement governs trade between the us, canada and mexico. us—mexico trade is worth about $600 billion annually and

there's so much attention around this stock. >> elon musk is not an alarmist. he is very practical he is very pragmatic i happen to know that. we have to really take this and understanding the transparency of sending an e-mail out and announcing this is a very positive step for elon musk. if you're going to -- you can't really do apples to apples here. if you look at what facebook is doing and what travis did at uber, they kept everything inside that was even more of a danger he is going out and saying to all of his employees, we have a leak we have a problem here let's all work together. when 40,000 employees, 99% of them are great, 1% of them might not be so great, that's not bad. that is noth going to -- this is not going to take -- it's not going to hit the company as uber got hit and facebook got hit i think he's taking a proactive approach and i commend him for being transparent. >> mike, comparison to uber there. what's your thoughts, embattled at least in his reaction to shorts. >> totally i think -- my read on this e-mail is like one of these dangers f

elon musk and a vote of confidence from tesla shareholders. >> it is a victory. it is not surprising given the base. erik: big money. big ideas. bloomberg speaks to figures in global investing. >> it is a sellers market. japan is not only growing in real terms, but there is a fundamental restructuring happening. >> we should looking at china equities as sin stocks. erik: and the ubs ceo offers this advice during the recent volatility. >> this is not an environment in which you put on more risk. erik: it is all straight ahead on "bloomberg best." ♪ erik: hello and welcome. i am erik schatzker. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. last weekend, officials from the u.s. and china met in beijing hoping to make headway on trade issues that of but the nations at odds. despite a cordial veneer, by monday, the two sides were playing the blame game again. >> u.s. commerce secretary ross met with the chinese vice premier to discuss trade. while he said that talk

elon musk responded with a 16 page letter saying tesla already complies with the workplace standards in california and said the state unfairly singled out the company. the proposed labor rules could be approved by regulators in as little as one month but they said it would take up to two years to enforce the rules because they would give time for changes. live in fremont, sandra osborne, kpix5. >>> let's check the traffic to see how the roads are looking. >>> a few new hotspots and one on 680 with reports of a crash in that same location. two crashes on 680 through danville and this is a live look just before the scene of the crash. traffic on the right side going northbound, we are not seeing a back up. this is near pine valley road and further north, this crash is the first roll-over crash at this area and we have at least one, possibly two lanes are blocked. we are seeing a delay in both directions and the longer stretch of that backup is developing. 17 minutes with the ride going along 880. it will be a slow stop and go ride with an earlier crash at foster city boulevard, no long

tesla investors back its board and elon musk. bycompanies is held shareholders who own a large stake and they tend to believe in elon. it is not a surprise that he won. erik: this is bloomberg. ♪ erik: you are watching "bloomberg best." i am erik schatzker. let's return to our week's top business stories. with microsoft shelling out billions for a company that is a top destination for millions of software developers. >> microsoft has agreed to acquire github. a code repository popular with many developers. what is the logic behind the deal? >> its most profitable business is its cloud business. it is branded as azure. what a lot of companies do when they work in open source software, google has a coding language which it uses for special intelligence. it is a way of on boarding them. >> microsoft has always been a developer-first company. that is how we got started, and now we are all in on open source. with that coming together, it makes a lot of sense. we can contribute a lot and stay true to the original ethos of github. that

and founder elon musk sent out to the company about a sab ba tore in its midst.ow a lawsuit has officially been filed by tesla against former employee martin tripp back over to you >> courtney, thank you for that. we'll bring in phil lebeau, help us make sense of this headline, which is really all we have at the moment false claims to media, it sure sounds like the employee that musk was referring to earlier in the week. >> right >> and, carl, i am looking through the lawsuit that was obtained by one of my colleagues in the newsroom. it was forwarded on to me and as i'm looking through this, they indicate tesla indicates that it is interviewed the person it is suing, martin tripp, on june 14th and 15th. what was that, last thursday and friday elon musk sends out the e-mail sunday night about somebody hacking some of their data and sharing it with third parties. put one and one together, it's easy to see that this may, in fact, be what elon musk sent that e-mail about. remember, in that e-mail, which we obtained earlier this week, he indicated that tesla is worrie

elon musk said the cuts are difficult but necessary. as it ramps up production on the model 3 e is trying to become pritle. >> he has the model three -- 3 that he is trying to crank out and he can't afford to do that after a loss months after months after months. >> he says the layoffs will t put -- interfere with production goals and do not involve factory workers in fremont. >>> immigration raids were carried out in california despite advance warning by mayor libby schaaf. the hive profiles sleep in february led to the rest of 232 people from oregon border. haaf announced she heard about the upcoming sweep and was criticized by the white off her comments obstruction of justice. weeks before the operation and officials said they would be surprised if they picked up 200 suspects. i stick ents -- ice jack -- i.c.e. agents were able to sweep and get immigrants. >>> a proposal could rake california into three states -- break california into three states. northern california would include sacramento and the bay area and southern california

elon musk's combative earnings call on this as well. how big of a victory is this?is a big victory. it is not surprising given the shareholder base. the pension funds are small and the power of the company is really a held by the shareholders who own a large stake, and they believe in elon. it is not a surprise he won. we will not know what the vote was until the ak is filed in a few days, but all three directors were reelected and musk stays on as ceo and chairman. >> we have been watching this story on verizon, new leadership. he is the former ceo of ericsson. and he takes that top job in august. was this a surprise for you? is this the right direction for verizon to go? >> yes and yes. >> ok. >> it was a big surprise. hans has not been with verizon for long. people may remember him as the ceo of ericsson. he was there about six years. he did a great job. he is a great visionary. he is big on 5g. his belief and mine too is that it will transform the industry. it helped to shape him as a good choice for the role, but the timing and actual news is a big surprise to

what will elon musk pull out of his hat this time around "power lunch" starts right now >>> welcome toera. as you can see, stocks a mixed at this hour the nasdaq is trying to hold on to its small gains that would give it a record walmart, merck, and jpmorgan are leading the dow lower which is off by roughly 30 points the s&p call it flat financials, super boconsumer std health care are the worst performers transport's getting hit hard today. american airlines, united continental, southwest airlines, they are leading the group lower, all of them off by more than 1%, including kansas city southern as well >> i'm sara eisen and here's what else is happening sh of allergan are higher. they released a letter urging management and corporate governance shake-ups after months of regulatory scrutiny, britain's government says it is prepared to give 21st century foe go-ahead to buy sky, providing fox sells sky news our parent company, though, comcast, has submitted a competing offer for sky. >>> and the battle over trade continues to heat up mexico is imposing a 20% tariff on u.s. pork imports t

elon musk getting emotional as vote of confidence for musk as he says tesla is not running out of cashs troubles. celebrating america, president trump hosting event at the white house without the eagles as the team coach to address no-show today. all that coming up. stay with us your an amazing machine. especially when inside another amazing machine. the lexus es. with standard technology like lexus safety system plus. the lexus es, and es hybrid. experience amazing at your lexus dealer. and butch.aura. and tank. and tiny. and this is laura's mobile dog grooming palace. laura can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal. never owned a business.e term "small business," there's nothing small about it. are your hours small? wh

. >>> layoffs off tesla, why elon musk says are necessary. >> and a victory lap in oakland. today'sparade honoring the golden state warriors and why steve kerr says this was the toughest run yet. >> heating up out there. the temperature forecast for tomorrow which includes upper 90s. (sound of footsteps) (sound of car door opening) (car door closes) (sound of engine starting) ♪ ♪ (sound of footsteps) (sound of car door opening) (car door closes) (sound of engine starting) . >>> tonight board of supervisors president maintains a slim lead over former state senator. in the raw vote she is ahead by 1861 votes. there is only 8,000 ballots left to be counted. the lead has been growing the past few days. she widened her advantage by 260 votes. officials hope to complete the count by friday. >>> at&t is getting the green light to buy time warner. a judge ruled the $85 billion deal does not violate anti- trust laws. the decision comes after a six week trial. the department of justice says it will hurt consumers. the government has six days to file an appeal of today's ruling. if the

elon musk on twitter said, perhaps there are more people trying to hurt tesla. here we have this unusual and public fight between a worker and ceo of a major company. >> what about the claims made by the employee? have you been able to discover any validity to the claims?>> a few weeks ago the website business insider have a story floating about internal tesla documents. saying the company was scrapping a lot of material at the battery factory outside reno. and a robot had punctured a lot of battery cells going into cars. tesla is singing in court records that essentially, this gentleman leaked the information to a third party it does not identify the insider the fact that they talk about a lawsuit and the idea that he misled at third party about the meaning of the documents. saying there was more scrap than normal and that the batteries were being improperly used.>> what does this do to tesla? we know it is facing -- headed down a bumpy road. talking about the need to turn a profit. trouble with meeting deadlines etc. what will this lawsuit and allegations by t

also at the annual meeting sterday, the ss rejectedroposal to split the ceo and chairman jobs, elon muskas held both of them for more than a decade. that was rejected last night overall guy,t yog wi shares, de relief rally because investors are saying we think this time elon is telling us it's going to happen and will happen with 5,000 per week on the model 3. >> we're going to find out 7 close to thee day. we had a discussion before we came to air about the rubber hitting the road on the 3 now. >>his is the test. everything is going to be fine he has been horrible at forecasting the transition in manufacturing from -- >> he admitt his timeline has been optimistic. >> to be clear he has cread e hiy of the.sy es in a sd of tim that buyhim a lot of time. you saw that at the shehder meeting. >> you've seen him salvage his he way he mana beingate deadlines. how reassured are you by these comments from yesterday? the stock is up 5.5%, but arves i mean, to my mind, this is -- if i were an investor in the stock and i'm not, but if i were, this is situation for sure because once he gets through

ron mott reports. >> reporter: billionaire inventor of cool things, elon musk, the man behind space x and tesla is literally digging in against an old chicago menace. rush hour traffic on the kennedy expressway and he thinks his boring company has a radical fix. >> a transport structure better than anything that existed. >> reporter: the track between downtown and o'hare is the stuff of headaches and heartaches and missed flights. routinely an hour of hurry up and wait traffic. there is a train but it is not much quicker. about 45 minutes on a good day. >> i don't like the trains. i don't like the line. >> reporter: his idea, the express loop using driverless under ground vehicles traveling up to 150 miles per hour whisking passengers from touchdown to downtown in a pair of tunnels quitting the trip to about 12 minutes and musk said give him three years to build it. >> it almost sounds impossible. to prove to chicagoans this is possible. >> i think it will go pretty fast. it will go faster than any other tunnel project in america by a long shot. i'm confident of that. >> reporter: he

does elon musk know something the rest of the market doesn't? does he have a crystal ball? up next nicole has the details on that from the floor of the new york stock exchange with all of the other headlines that are taking test had shares one heck of a lag today countdown coming right back. for this new stepdad, caring for his daughter as if she's his own is an act of mutuality. learn more or find an advisor at massmutual.com ♪ when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. liz: the alway

elon musk is trolled the tesla shorts >> there is no place like home. >> the housing trade looks a bit more like this dorothy, but there is one stock in the space that looks so bad it's good. it is time to risk less and make more let's start with the bank stocks showing signs of life today before selling into the close. down 5% this year lagging behind the broader markets. dan do you think this is a sign of more pain to come >> if you thought the last two weeks was bad, heading into the class. wall street analysts were really positive about this catalyst saying this would save them but they kept selling into it, selg into it. it seems weird to me it sn able -- it isn't able to hold. considering what we're seeing in the economy here in the u.s., this is one sector very elaborate for the growing economy. >> i think the price action is disastrous >> and the world bank index -- this is where the dream was. you're supposed to be long in industrials. disaster and it is getter worse, and now you're getting a pile on people are starting to abandon and it is the beginning of the end and the beg

. >> elon musk throwing a party after a big win at the capital. >> get ready for a summer -- who will feel the sizzle. >> a look at what the is coming up on "jimmy kimmel live." >> you got injured how many times making this movie? >> more than i have on a ithe race for governort. has turned into a scam. gavin newsom's trying to elect a republican who was endorsed by trump. and villaraigosa's being bankrolled by a handful of billionaires. it's everything that's wrong with politics. and none of it is helping struggling families. here's my pledge to you. i'll keep our budget balanced. invest in affordable housing. fight for universal healthcare. and stand up to donald trump. as governor, you can trust me to do what's right- because i always have. to california schoolsd, need big change. marshall tuck is the only candidate for state superintendent who's done it before. less bureaucracy, more classroom funding. marshall tuck for state superintendent. marshall tuck. >>> president trump's summit with kim jong-un is back on following a white house visit. the delegation from north korea came c

elon musk sound asleep tonight. not so much. loathed during the election and republicans called here crow and called forehead talking about james co server, while it d piciacions t l republican and discounts idea concentrated deep states within the fbi. if you he any throughouts to share probabl find them on g mail. final five back tomorrow at 11:30. zip trip tomorrow. we'll seeyou. flus ♪ ♪ >>> welcome to russia, and welcome to "world cup tonight." i'm fernando ore, el presidente, coming from red square here in the heart of moscow.

elon musk raising his stake in the company.oring company won a bid to build a tunnel under chicago to provide a fast link to o'hare airport. capitalist pig asset manager jonathan hoenig joins us now. that's where you'll based, as i understand it. do you think you'll ever see that tunnel built? >> well, you know, it's almost like professor harold hill has come to town with great promises -- [laughter] of a marching band or maybe in simpsons' parlance, lyle langley is coming to town to probably build a monorail. we've heard this before. but i tell you, i think elon musk is on to something here. he won the bid because he's promised to pay for it all unlike those previous examples here, stuart. and this has great performance. my preference, of course, would be the city would be to privatize the project, but elon musk has promised to put a billion dollars into this. and god knows this city needs it. so i have great promise this could actually turn into something very beneficial for the city because it's being done with private dolla