faraday, a new car company that promises to be tesla at its own game.owed us a scale model of a concept car they had no intention of ever making. this year they promised something a little bit more real. introducing the ff 91. they are proud of it. they say can do zero to 60 quicker a bentley and a tesla. it can even park itself. you press a button and... 0k. it's a little bit lazy tonight. i'm being cruel. it can park on its own. i saw that for myself. this is a purposeful 3-point turn, actually. we make sure that all of the centres in the car can get a full view of the spot to verify yes, there‘s no one there. look at that. spot on, straight. i‘m impressed. it‘s all well and good but it will be sometime before you connection they do this yourself. each and every car park will need to be approved by faraday before the feature will work. it will rely partly data gathered by faraday future cars. it‘s less chicken and 999 future cars. it‘s less chicken and egg and more chicken than $150,000 car that isn‘t on the market yet. friday has promised the car wil

speaking of which, faraday future have promised it will be ready by 2018. potential but it is hard for them to deliver. the factory they need to build this thing for example, they showed a picture of it and it isjust a pile of dirt at the moment. the factory. to build its car, they have planned a huge plant in the nevada desert planning to become possible to make the cars next year. there are reports the factory is on hold because they are running out of money. hello? it looks ready for construction but there is no equipment, no materials. and if they want this place ready by 2018, it doesn't look like they are making much progress. we are resource—limited at sometimes. things like this need to take priority. construction of the factory has stopped for some point and it still looks like it is stopped. it will start soon. was it because of financial restrictions? it is a matter of keeping the cash flow balance between the projects we are trying to do. not too encouraging. but the good news is if they ever release a car it will blow your socks off. all right.

that was dave with faraday future.inly be big theme of last week's consumer electronics show in las vegas. we went to testdrive some of the projects on show. i have arranged to meet richard at bosch, not to look at a washing machine, but a car. wow! it is pretty sci—fi. it does. bosch have a rich heritage with cars. they invented the spark plug over 100 years ago. you and your facts. this car obviously looks different but what does it do that we haven't seen before? the personalisation feature is not too far down the line. but the idea is it can pick up my facial features and know who i am and personalise the experience. it will adjust my driver's seat, the mirror, the colour scheme, the entertainment system, even the drive mode. that is pretty cool. once you are driving is there anything it can do to make it more safe? you obviously want to keep your eyes ahead. what can you do in the car? a number of things courtesy of gestures. in order to make gestures recognisable, what bosch have done here is introduce what they

faraday future, a new car company that promises to beat kessler at its own game.y showed us a scale model of a car they had no intention of making. this year they promised something more real. introducing the ff91. they are pretty proud of it and say it can do zero to 60 very quickly. it can even mark itself. just press a button and... record rip. it is being lazy tonight. it can park on its own. this is a 3—point turn. 0ne can park on its own. this is a 3—point turn. one of the reasons we do that is because we want to make sure all of the censors in the car, of which there are many, can get a full view of the empty spot to verify there is no one there. —— sensors. look at that. spot on. straight. quite impressive. it is all well and good, but it will be sometime before you can do this yourself. each and every car park will need to be approved by faraday future before it will work. and there would need to gather data on there would need to gather data on the system so it is less chicken and 999 the system so it is less chicken and egg and more chicken and a very e

speaking of which, faraday future have promised it will be ready by 2018. a video of it and it isjust a pile of dirt at the moment. ah yes, the factory. to build its car, they have planned a huge plant in the nevada desert planning to become at least partly operational to make the cars next year. there are reports the factory is on hold because they are running out of money. hello? it looks ready for construction but there is no equipment, no materials. and if they want this place ready by 2018, it doesn't look like they are making much progress. we are resource—limited at sometimes. things like this need to take priority. construction of the factory has stopped for some point and it still looks like it is stopped. it will start soon. was it because of financial restrictions? it is a matter of keeping the cash flow balance between the projects we are trying to do. not too encouraging. but the good news is if they ever release a car it will blow your socks off. all right. heads back. hold on. let's go! oh my god! that is so quick. oh my god! this is now the

tsx 2017 boot up a glitzy unveiling of the car startup faraday future.the company came back with a first production model called the fs-91 and faraday claims it can pass the model s in a ludicrous mode, going from 0-60 in 2.39 seconds. also like tesla, it is backed by a ambitious billionaire. the founder and c.e.o. of the .ech conglomerate and we discussed with cory johnson and selina wang. cory: it's amazing to see how many companies work in this technology. it's not all tesla's game and we talk about it because it's a silicon valley company. but the automaker startups like this or companies like ford and many others, audi, b.m.w. all working on a lot of these ideas, porsche, a lot of interesting work around electric cars. tesla might have pointed the way but a lot of companies are , coming very fast on this phase. caroline: the chinese billionaire was there at the event and it was him that was embarrassed the car , didn't quite park and i think he called it a bit lazy that day but tell us about the , billionaire behind this company. selena: the billion

faraday wants to own the data.f what they make him the actual card safe -- they make on the actual car itself? >> they have a unique vision and -- i had a chance to sit down at their headquarters. he laid out a broad experience. you have yourself own a started watching a movie on it. autonomousy hail an vehicle. you exit the car and finish where you left off. then you had -- then you watch it on a smart tv. cars are integral part of the vision. vehicle is another place to watch content. let's remember this company started as a software content maker. all of these devices and hardware cars, smartphones, you name it, are just shells to hold their software. it is a very broad vision. cory johnsont was and selena wang. that does it for us for the best of "bloomberg technology." tune in egypt 5:00 p.m. new york, to plug in san francisco, to the clock p.m. hong kong. that is all for now. this is bloomberg. ♪ . . ♪ erik: coming up on "bloomberg best," the stories that shaped the week in business around the world. from con

with car tech, ces brought us another glitzy unveiling from the much-hyped electric car start up, faraday production model and they claim it can outpace a tesla claimingn one mode and it is the fastest electric car. it is backed by an ambitious billionaire come at the founder and ceo of a chinese tech conglomerate. joining us for more is cory johnson and selina wang. fastest --e of the facial recognition, but an ambit of an embarrassment on stage. park as does not self you might expect. even a cheap ford can do it. it's interesting to see him any companies can work with this. we tend to focus on tesla because it's a silicon valley company but automakers from startups like this or companies like ford and many others, audi and bmw, all working on a lot of these ideas. -- tesla might have pointed the way but a lot of companies are coming fast into the space. the chinese billionaire was at the event. it was him -- he called it a bit lazy. tell us more of at the billionaire behind this company. very well-known in china and is known for being very brash and ambitious, sometimes too ambitious. a

i think after last year, there's a lot of skepticism around faraday futures since they did not releasectioning car, merely a concept car. this year we got a functioning car but there are still a lot of questions about how they're going to make money. it is unclear what the business plan is going to look like. caroline: $5,000 to order. talk to us about what is going on at tesla. they do have a factory and it is up and running. cory: tesla has a history of not getting its deadlines and missing its own estimates. production is hard. tesla, this quarter, said they had production problems, they have the same excuse for missing numbers in the first quarter. these are recurring problems. it's hard with this business. when they want to get too much larger level, they would have two more than double production this year and the next, which they have been unable to do to get to the level they want to produce. caroline: shares are up more than 4% even though we saw them fall yesterday. the giga factories up and running and have hit their deadline. cory: the factory is running, how much they are

another017 has brought glitzy unveiling from faraday future.ion model called the fs91, and they claim it can inpace a tesla model s ludicrous mode. zero to 60 in 2.39 seconds. it is backed by an ambitious billionaire. we discussed with editor at large cory johnson and selina wang. it is interesting to see how many companies are able to work on these kind of technologies. to focus on tesla because it is a silicon valley company. whether startups like this are companies like ford and many others are all working on a lot of these ideas. tesla might have pointed the way, but a lot of companies are coming fast into this space. >> the chinese billionaire was there at the event. it was him when there was a embarrassment made, so tell us about the billionaire behind this company. china,s well known in known for being brash, ambitious, sometimes too ambitious. he started out at a local tax bureau and made his fortune and a publicly traded company, which is like the netflix of china, growing very fast. he has quickly expanded into other businesses from s

electric cars, start-up competitor, faraday future, unveiled its own tesla model s.y claim it goes from 0 to 60 in 2.39 seconds. market is climbing up 70 points. 19,000, 952. there is so much hype really for weeks. last two weeks of the year, leading to the dow 20,000. the s&p for its part at 2272. at one point as i said above all-time record closing high. really the theme has been trump's pro-economic agenda. his plans on infrastructure spending, excuse me. he also has been talking about this hour with his plans to repeal obamacare although that is controversial because we're not sure what will go in its place but other regulation role-backs especially in the financial indus in president-elect trump's agenda. that is huge lift to the financial sector. checking russell small cap index at 1388, that is also higher today. 1.68%. let's check out commodities. big story in oil. oil is up about 2% here. this is on expectations that this production cut deal by opec, oil producing countries will stick. let's check gold there for you as well. don't have gold on my screen. the

>> work stopped in november on faraday's billion-dollar plan. i spoke with dan schwartz who doesn't believe the company has the money to continue building and it's behind on payments. i reached out to the company for comment but haven't heard back. when asked schwartz what advice he would give about pursuing a deal, he laughed and told them to do their due diligence. in sacramento, gabrielle carol, abc 7 news. >>> changes are coming to an iconic department store. >> macy's is selling dozens of stores. what it means for locations here in the bay area. also ahead. >> these things for the pure novelty of it. >> a look at the latest gadgets that could prove to be more than just a novelty. abc 7 news at 6:00 will b of reach for far too long:s have health insurance.that's been out how? they enrolled through covered california. it's the health insurance marketplace where you'll find a range of plans from leading health insurance companies that offer you the best combination of quality, rates, and benefits. and, through covered california, you may get f

>> work stopped in november on faraday's billion-dollar plan. i spoke with dan schwartz who doesn't believe the company has the money to continue building and it's behind on payments. i reached out to the company for comment but haven't heard back. when asked schwartz what advice he would give about pursuing a deal, he laughed and told them to do their due diligence. in sacramento, gabrielle carol, abc 7 news. >>> changes are coming to an iconic department store. >> macy's is selling dozens of stores. what it means for locations here in the bay area. also ahead. >> these things for the pure novelty of it. >> a look at the latest gadgets that could prove to be more than just a novelty. abc 7 news at 6:00 will be right >>> some breaking news, bart trains are not stopping at the 24th mission station for a medical emergency. a train hit a person, that person is trapped between the car and the platform. fire crews are trying to free that person. the platform has been evacuated. the incident is causing delays system wide. for breaking updates on this

real skepticism around faraday. look forward to the drive along with carlos gohn next hour. >>> amazon is working hard to expand its footprint in your home. is the company winning the battle for your home? we'll take a look next. gpeca on s rdicr op ng t ir el tw >>> welcome back to "power lunch." universal studios had to close its gates because of record-breaking attendance. increasing foot traffic at its theme parks thanks in part to new traction like the fast and furious super charged ride and truly amazing -- i tell you, i've been on it. it's something else. wizarding world of harry potter. shares of comcast, parent company of universal and cnbc, up 20% over the last year. >>> amazon's not stopping at tvs. they're partnering with whirlpool to develop voice-enabled smart appliances. what's the grand plan here? let's bring in the lead analyst of rbc capital markets and senior editor at ricoh. how cool could these devices be, steven, and how smart could they actually be? >> a lot of this is about marketing on the s

faraday future revealed their car at an event yesterday. they have not set a price. there's a fair amount of doubt the company will be to actually produce this car but then again, people doubted tesla. the company has promised to build a car plant in vallejo, right here where this red is. now, there is some doubt they'll be able to do it but we do wish them the absolute best. >> let's go to fremont where there is indeed a car plant. tesla said it fell short of its goal of delivering 80,000 cars in the year. they delivered 76,000. the thing is with tesla, it always, always falls short of its goals. originally tesla had planned to build 90,000 cars in 20. they revised that to 80,000. they actually built about 76,000. but that's still 51% better than the year they did before. tesla cannot, does not, probably never will reach the goals that it claims but it is building more cars. >> i mentioned the consumer electronics show. here's another product. it's a fishing drone, it dispenses bait to bring the fish in. you dispense it from your iphone. >> does it fillet it for you

and now, this is what is called a faraday cage. we're going to turn it on again. feel anything? >> nothing. >> wow. >> you end up getting protected in your car. it acts as a faraday cage. >> amazing wonders of science. >> thanks. >>> coming up, how about a little chemistry. the secrets of emotional chemistry. how to rekindle that spark after these messages. >> some barry white. >> some barry white. ♪ say hi to xiidra, lifitegrast ophthalmic solution. the first eye drop approved for the signs and symptoms of dry eye. one drop in each eye, twice a day. common side effects include eye irritation, discomfort or blurred vision when applied to the eye, and an unusual taste sensation. do not touch the container tip to your eye or any surface. remove contacts before using xiidra and wait for at least 15 minutes before reinserting them. if you have dry eyes, ask your doctor about xiidra. does your makeup remover every kiss-proof,ff? cry-proof, stay-proof look? neutrogena® makeup remover does. it erases 99% of your most stubborn makeup with one towelette. need any more proo

a highly anticipated electric car unveiled by faraday. the ff 91 is a four-door suv that faraday claims is go from 0 to 60 miles per hour in 2.4 seconds, faster than the model s. it has see tats that can fold b. 2018 is the target date for production. the chinese billionaire investor already said there is a cash crunch. he overinvested in things like cell phones, and there may not be the money. so real skepticism. >> i'm laughing at the paradox of taking a nap in the backseat and going 0 to 60 in 2 seconds. >> cool looking. tough to get number one get a prototype and have a line to produce it on. that takes money. >> they're taking reservations now. you can put down $5,000. but there's skepticism as to whether the car will be able to get into production. >> did they say the list price? >> no. how much of that is government -- >> tax credits. >> doesn't say. >>al that roll off. the credits will roll off. so, they may not even make it for the deadline. >> from the future to the -- this is the sublime. the great thing about the "wall street

you have companies like faraday futures, made by a chinese billionaire, who are showing off their firsthey claim can be faster than a tesla they are taking deposits. we don't have any actual prices yet for the car, but they are promising deliveries in 2018. that is an actual is a golkar that drives -- physical car that drives the show. guy: my sons want to know when they will be taking their driving test. will they ever need to bother? nate: yes, it will be learning the emergency stop. you will need to know how to control the car, but whether they will need to use those skills is something clearly different. guy: fascinating story. nate, thank you very much indeed. us on ces, joining which has taken a completely different turn them where it used to be. stay with us. up next, it is bloomberg "surveillance." join me on bloomberg radio. daybreak europe, live in london on dav digital radio. of pmi data.ge we will work towards the inflation data. what that means for the ecb. this is bloomberg. ♪ francine: london's thinking needs to be challenged. that is the message from that of parting brit

how about electric concept grars chrysler and faraday futures.it has sleek interiors, autonomous driving capabilities. it may rival tesla. that is a four door suv. they say it can go from 0 to 60 in 2.4 seconds. now, gadgets, am i saying it right? curry? you have to wonder with these names. the curry robot nanny. you see it on the left. it looks like one of those wooden russian stacking dolls. and there's the smart mattress that responds to your needs. i kind of like that little guy. the sleep mattress uses sleep i.q. technology and some new tech for kids. how about some legos? we saw some news about this earlier. they're showing a new boost there. they have some programming capabilities. >> legos can can do no wrong. >> i love the idea of not only building something with the legos but coding something with it. >> i don't know that everybody has to be a coder but it doesn't hurt to have some familiarity. >> i might try it out. >> i think that's when cars first came out, everyone thought they had to be a mechanic. >> i wish i knew more about how c

they have invested in that other one, faraday.p an eye on them and we have a new phone as soon as they come out but you never do that at home with your wi-fi network but think about doing that. probably not the best one, the router at home. that has come out with the tribe and system for home, they plug it in. it has never been used. you plug this in and it is superfast and will covered 4000 mi. , plug it in and plug another one in. i don't have a price on it yet. this -- maybe not the bikes yet. you will certainly know what you keep your eye on is things that don't you spend a lot of money like aftermarket product that might avoid a collision, looking at that technology next, two by three inches on your dashboard warning you of an intended collision instead of buying a fancy car that is $8000 more to have that feature. you love your car you have this off to the races, more online and i will post stuff on facebook and answer questions, i covered a lot of territory there. steve: coming up tucker carlson is here to talk about that a