start of production for the fisker ocean this is the work done on the fiskers rolling off the line in the next several days. they will slide one of the mainframes into the scene here you will see the robots putting together the frame of the oceans for fisker, this is the beginning of a huge move in terms of their development here. here are their plans fisker ocean will go into production and you will start to see deliveries in europe and in the united states by early next year how many vehicles do they plan to deliver next year production of 42,000 they have reservations of 62,000 this is the suv that they are building the next model, built in the united states, will be the pear. that begins production in northeast ohio in 2024 it has been a rough near for fisker and the other startups. look at the stock and how it has been under pressure like rivian and lucid. when do we see a path to profitability? i talked to henrik fisker. he believes that begins now. they will start delivers early next year. joumanna, it is a ramp in production they plan to build 42,000 ocean suvs here in austria

ed: that was fisker's chairman, ceo and founder henrik fisker.e been writing about that company for more than two years. monthly, henrik fisker would say november 17, that is when production would -- will start. 2022. and to his credit, it did. caroline: then the backlog of orders, the production that comes, is it going to start to be a can -- a true competitor? ed: it is impossible to say. their model is to out rise -- outsize manufacturing. that is why they are confident about how many they can build, why they are able to make it so affordable. you look on the screen, it is more in line with what americans like. bigger cars. whether it will be successful, it will hit those targets, who knows. caroline: remind me the price point? ed: about 40,000 u.s. dollars. if you go on tesla's website, near $80,000. that is an astonishing price point to commit to. that is what we kept asking him. what about supply chains, input costs, semiconductors? he seems unfazed. caroline: you bring out the best and these people with the long-term relationships you have

fisker ocean debuts this. we are going to speak tohenrik fisker, ceo coming up.. ♪ ritika: this is bloomberg markets. i am ritika gupta. you are looking at a live shot of the principal room. this is bloomberg. ♪ keeping you up-to-date with news from around the world with the "first word", i am ritika gupta. a part of a sleeping examination with u.s. and offshore arms. millions of lives in at risk in ukraine this winter. damaged or destroyed structures --. china increase in covert cases have led local authorities into expanding testing and lockdown. it is estimated a fit of the country's economy has been affected. that is despite the central governments call for more targeted list disruptive zero measures. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ guy: let's talk a little bit about what happened with the new york stock exchange earlier. watch this. [video clip] [cheering] guy: that was about an hour ago. the gloves were elect

ceo of fisker. are starting manufacturing today. a lot of people are skeptical of the asset light approach you believe this is proof it can work >> i believe it is we are standing here with a ton of course off the line we hit start of production as we promised a couple of years ago after going public very exciting day. i think the proof is here. >> reporter: deliveries start in the u.s. and europe next year. you have over 60,000 reservations you can ramp up production as quickly as you want? >> we have 63,000 reservations we are planning for 42,400 cars next year. that is a dramatic thing for a startup. >> reporter: when i talk to executives, they admit the challenges other automakers face the supply chain it is not strong for the auto industry worldwide does that give you pause >> it is true. supply chain is the difficult part and it could produce more cars if the supply chain could handle it if you look at the ramp up, we start with 300 cars in q1 next year that is not much, but we go to 8,000 bec

struggling to keep advertisers on board and plans to rollout a premium $8 subscription service >>> fisker confirming to cnbc it is on track to begin production of the suv later this month and has 62,000 reservations for the vehicle. that is up from 56,000 back in august the company ceo says his company will be able to produce just over 42,000 ocean suvs by the end of next yeear. >>> executives at trump's truth social are naming parler and rumble as acquisition targets. among the documents a photo depicting a flow chart describing trump's new media empire that could also include one america news and news mask and discord, dom >>> silvana henao, thank you very much. back to the top stories. investors reviewing the fed's fourth straight rate hike and jay powell's promise to keep his foot on the accelerator. >> it is very premature to think about pausing. people hear about lag and think about pausing. that is premature in my view to talk or think about pausing our rate hike. >> joining me now is vice president linda bakhshian. linda, we saw the knee-jerk reaction in the markets. that is not u

celebrating the start of production at fisker more models outside the change after gm brought some toou >> yes it's all very exciting, but you need money in a better market, they could have raised a lot of money it is a $42 billion company. letter a, acknowledge i'll testing measurements for all different businesses, life sciences had a remarkable quarter when you read the quarter, things got very difficult. it was like nothing ever happened no head winds. david, do you know how many times i had to read about macro head winds i'm tired of macro headwinds. >> in china they are doing well. >> here's agilent. >> it's not a name we've focused on that often. $43 billion market value >> it's interesting that there were so many different things that happened to the packers the division was the one that was an afterthought. agilent. the old oscillator business. it goes like this. like the world cup in south africa remember those things? >> whoa, saudi arabia. can you believe that upset >> yeah. >> iran they didn't sing the national anthem. >> that was quite interesting. >> on the one hand the

stock was ensconced in the 50s this, like many things involving the tesla enthusiasm for charging, fiskerrdstown, that blooms off the rose, even as the government is giving you some generous breaks by the way, codo you know a lotf the old-line companies keep telling me, we're supposed to have a recession if you knew how much money the federal government is throwing at us to build roads, to build bridges, to build factories, you would say, we can ride out the recession. they're not zuckerberg not zucky. >> we've talked about the fact that the infrastructure act doesn't have money for advertising. >> no, it doesn't. >> but between the infrastructure act, the chips bill, and the -- and the renewable energy bill, otherwise known as the inflation reduction act, there is, to your point a lot of money >> if you are in the actual business of building something, you are going to be not having -- you're not -- you're seasoned at making layoffs some of these companies, unfortunately, not new corp., because they don't lay off people, but a lot of the companies that typically know how to lay off are h

two alright, very cool levy company ringing that opening bell this morning, the fisker ocean begins productiona picture coming up later in dollars and cents. the companies based in manhattan beach, the electric suv has a solar sky roof to use the sun to help store energy to power the car, so i love that and the best buy stock headed higher up about 8. as that bell rings after posting good quarterly results and an optimistic outlook for the holidays, of course, best buy electronic on the list holiday list for many people, so we'll have all your numbers coming up . thank you for joining us here on mornings on to pam cook. good morning. i'm dave clark. tuesday morning, november 22nd. i told rosemary, i went outside her kout. yes, was freezing standing out there. it's a refreshing cool, though. fishing yeah, you up. oh, yeah, it'll wake you up for sure. and as i told you during the break, dave, it's your fault for stepping outside . if you do need to be outside if you have someplace to be, yes, bundle up temperatures just as cold as yesterday morning. i've given you a look here at the blue sky. we