emily: how will joby reinvent transportation and scale this?aul: it is for a trip between 5 miles and 150 miles. sometimes the category is calm something else. we don't like that. we think about the trip inside cities, but connecting cities to suburbs. this is a new mode of regional transportation we think can be safer than driving on the ground, certainly faster, and as affordable as ridesharing today. >> you have a certification challenge, scaling challenge, sky ports, where will you build these things challenges. walk me through that, in which one represent the biggest challenges going forward? paul: sure. the team has been working on this for a decade. we are not new to this. we have shown the technology is ready. the aircraft is performing as intended. 150 miles on a single charge and 100 times quieter than helicopters today. we think it is important in terms of delivering a service. there are challenges, certification, and scaling up service. it is an opportunity for the company to pivot from a research and development organization to one

emily: joby aviation executive chair.oby shares closing up more than 33% on the first day of trading. i will speak to reid hoffman who cosponsored this spac later this hour. first, look at the markets with kriti gupta. walk us through the day. kriti: it was all about that inflation print. the market was relieved not to see sky high inflation, the first data print come inflation metric that did not surprise. all the way back to the s&p 500 march. up 0.3%, a sector-wide gain today. you saw some money going to treasuries. people not so hot on tech. we have to talk about bitcoin. when risk sentiment is high, bitcoin tends to be higher. it has been under pressure lately. you have seen that. the question is can that rally continue? compare this to what you saw 2016 to 2017. the rally was similar. if history is any indication, bitcoin has room to run. i want to end with earning stories, going from macro into micro. ebay missing third-quarter forecast, but expanding buybacks by $3 billion. we did see shares up after hours by 4%.

you'll get into the joby without a pilot. >> not me. and then have drop offs you can drop-off with a parachute. >> how about blaze do you take blaze? >> i have not. >> i tried it once >> i'm just saying blaze is here and now. >> it here now it uses fuel this is electric and will be autonomous and for urban use we call them flying cars they are urban mobility, flying taxi kind of things. acic the sponsor of that of crest by is merging the archer. also 2024. it takes a while for the ffa to approve them if they hit those targets you'll start seeing them. >> certification of a novel aircraft is a big deal that's what the skeptics say be careful. >> what we care about is certificate at the the if i occasion of the max in china i don't know exactly what it takes. one went up and came back down successfully in china. >> the number of jobs here on the line if that things get certified -- remember there's a shortage as opposed to joby there's a big shortage of planes in china, they need planes airbus is doing better bogey cannot get off here eve

this is by jobi. jobi is listing today.d other cities around the country. we'll be talking with the founder and ceo of joby next on "squawk box. >>> phil lebeau joins us with a special guest. >> let me bring in the founder and ceo of joby. you started in 2009. today you're becoming publicly traded at the new york stock exchange your joby evitol is behind you you can have a piece of the future with us. >> that's exactly right. it's such an honor to be here with you today we're so excited about the opportunity to give everyone the ability to share in this really exciting journey as we move to a zero emissions future. >> you know a lot of people when i talk to them this morning, they're standing out here and looking at this, and say when is that going to be flying? they say 2024. they say, i don't think so what do you say to the skeptics who are doubting that you will get it in service and certified by 2024? >> the joby team is incredible we've been getting this day in and day out and proving we can make ee electropropulsion i

can you successful, good timeline or not, phil lebeau thank you. >>> a note i'm going to speak with joby investors and linkedin investor at 1:00 p.m. eastern part of the event for the economic club of chicago more from that conversation here on "techcheck" tomorrow and a lot more "techcheck" today, straight ahead. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. i think you're going to like it here. umm, why is everyone... throwing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next

paul sciarra, joby aviation executive chairman and bloomberg's emily chang. very much, indeed. we are still reacting to that cpi data we have been talking about throughout the day. to be honest, it is a little bit of a let up for the market. you can argue the equity markets earlier on, that is starting to fade. alix: a little bit. you and equity high for the s&p coming on materials and financials leading the way. tech seems to be dragging everything lower. yields go nowhere. this is bloomberg. ♪ guy: coming up -- alix: coming up, we hear from kansas city fed president esther george, new york lieutenant governor kathy hochul will be speaking later on this afternoon. you get the earnings after the bell, bumble, lordstown motors, and ebay. still a busy wednesday. guy: friday for you. alix: i am off the next two days. guy: you can tell. alix is feeling chilled out. alix: not the case. [laughter] exactly the opposite. guy: jetblue will take out tonight. jfk to london heathrow. lb catching up with robert hayes first thing tomorrow morning, tomorrow at lunchtime. it

guy, also the flying stuff in space, joby is listing today as trading.ically -- the company story about 12 years ago, it is looking to put an air taxi in the sky by 2024. that looks nice. guy: they have one parks down the nyc, i think. that is picking people's interest. potentially we are heading to a world where we could see a lot of the buildings in new york having ports on their roofs. you can go to the top floor, get in one of these things, get out to jfk, get out to laguardia. that's the future, apparently. alix: in terms of manufacturing these things, there are other companies that will be doing that as well. the how does that actually work for them? and also, regulations. ouch. we are going to talk to the exec the chairman of joby in the next hour, per sciorra. don't miss that. price pressures on businesses -- some may be easing, some may not. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get th

"washington post" reporter, joby warrick has written extensively about isis, he's the author of "black flag," he joins me now. as someone who studied isis-k, what is your reaction to this attack, their claim of responsibility, and let's start with who is isis-k, for a lot of people it's the first time they are hearing that term. >> they have been around since 2014, 2015, and so the story of them is, if you remember back in sort of the hay day of the caliphate, sort of the project of isis was to create these mini chapters in various places, and one of them was isis khorasan, the khorasan province, which is ancient muslim land, afghanistan, iran, that part of the world and so they came up in 2014, 2015, and they became pretty powerful quickly, and became a problem for the u.s. forces there but also for the taliban who they don't like particularly much so they have been fighting each other as well as fighting our forces. >> so their vision for afghanistan is different than the taliban's? what is the conflict between the two? i mean, is it religious or is it, you know, mafia groups wanting

joby hopes to start next year. dan: coming up on abc7 news at 5:00, it's official.will be taking over as the host of "jeopardy." how it will work and homelessness, housing, taxes, water, electricity, crime, wildfires. [sfx: bear roar] gavin, you've failed. we have to immediately cut taxes twenty-five percent. fix housing and homelessness. and make life in california affordable again. i'm a businessman, the only cpa running. shouldn't we choose ability this time? we must have a competent governor with management experience and outsider integrity. [sfx: bear roar] that describes only john cox. - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before. - it's still helping me. i still notice a difference. prevagen. healthier brain. better life. doinl o

backed by uber and toyota, joby aviation plans on bringing a flying taxi service to our airways. 0therand with funding from innovate uk and hyundai, coventry is set to receive a pop—up airport for the flying vehicles of tomorrow. but time is of the essence. pal—v has been going for two decades, but last summer received road certification, one of the very few in the world to do so. it is now working on air certification and it's promising customers keys as early as next year. similar solutions are being touted by its rivals, or as pal—v sees them, welcome competition. that is it for our future of transport special. as ever, you can keep up with the team on social media, find us on youtube, instagram, facebook and twitter at @bbcclick. thanks for watching and we will be back next week. bye— bye. hello. the weather on the last weekend of august last year didn't cover itself in glory — a high ofjust 16 throughout the weekend in edinburgh, in birmingham and manchester. it is going to be warmer this weekend, at least to start with. it's going to be dry throughout the weekend with this area o

. >> hey, jim, boo-yah i'm looking at joby aviation >> no. let it go. see a lot going there. i just don't let'sgo to sebastian in new york >> what's up, jim. how are you doing, my brother? >> i'm doing well. how about you, sebastian. >> i'm calling about mmt. >> small canadian company. >> this is like a little cancer company. this is one where i really question the long-term approach of them. i don't want to own it tina in california a. >> hello, jim. >> how are you >> i'm great i'm a new cramer fan i love, love, love your show and all your wisdom. >> tell people on twitter that we'll get it going thank you. >>> i wanted to know if sticker simple acre -- >> junk bond funds have been falling like stones. i think that these historically, when i've recommended them, have been a mistake i'm not going to recommend that stock. >> tony in washington. >> first-time caller, long-time fan. >> excellent thank you. >> been enjoying all the education and entertainment. >> trying to keep it interesting so people can learn, thank you what have we got >> my question is

joby not talked to him in san francisco. what did he had to say? jobina: he knew exactly what i was getting at. he went to high school in danville and grew up in alamo. he says in his lifetime, the change we have seen with wildfires in california is dramatic. he says it is not something that will go away unless something is done. >> i am deeply concerned with the can -- fires consuming our state and our country, and the effects of climate change all over the world. this is an urgent crisis and we have to meet it with the whole range of efforts at conservation, and moving to renewable sources of energy and the use of fossil fuels and fossil fuels in missions -- and ending the use of fossil fuels and fossil fuel emissions. some of this has changed your revocable he, but there is a lot we can do to mitigate and have to, or we will see a lot more of where of this came from. kumasi: they are calling on the department of defense to extend the to expire next month. kumasi: districts want to keep smoke away from students while also keeping their spaces ven

but a very good job, a very progressive jobis is being a drl instructor to maintain the training. so by the end of 1943, this is accomplished and you have steady promotions preceding that and you have a significant amount of recruits then by the end of 1943, boom that have circumvented the training that can now takeover as drill instructors. by this time you still have a whiteai senior commander, but a recruit training is carried out byas african-american drill instructors, okay? moving forward from that, then we have to tackle the actual ideas of whatke the training experience was like. anybody that has served in the military at any point in time knows that recruit training, it doesn't matterr if you do something right, you do it wrong. there's a period for the first couple of weeks, you could be a stellar recruit and you can be doing it wrong because the marine corps does thiss very deeply. the whole ideaor is to break yo down to build you up to think of the team over yourself, right? the individualyo is not a facto here and that is why you have to refer to yourself as this recr

jobina: jobi thank you, mike. i want to bring you up to highway 50. if you are not familiar with this area, highway 50 will take you straight out of sacramento and into south lake tahoe. there is one way traffic control at various locations from echo summit? lake. that is still in effect and impact that area circled in red. i want to move closer to home because chp has issued a wind advisory for the altamont pass. then just a quick look at our live cameras here. walnut creek, picturing 68 here and hazy from our camera. other things are moving up -- at the san mateo bridge. no major blocking issues to report in the bay area. >> coming up, the the the the te >> also, a new op-ed is getting attention weeks before the california recall election. >> a disney genie at your service. the new fast pass replacement kumasi: the widower of a dublin school board member who was killed has filed a negligence claim against the school district. william quote was married to catherine quo, speaking -- seeking damages after his wife was crushed between two cars during a

trying to ease that problem by taking a page from the jetsons, kind of this is the flying taxi from joby is real the company went public on the new york stock exchange. phil lebeau covers transportation we've been hearing about flying cards for decades. but this looks different. >> it's real it will happen they're targeting 2024 for the beginning of service and there are about 12 to 15 of these companies around the world that are developing what are called ev-tols, electrical vertical takeoff and landing aircraft 150 miles, 180 miles depending on the aircraft. they want to take you around cities they believe this is going to be the way we're going to maneuver around cities, maybe not in four years, but 10, 15 years from now. >> wow and so there will be a flying taxi stand where do we go to get on them? >> vertiports. >> like heliports? >> similar the ceo of jobc told me when you look at new york, he sees the infrastructure being there for all of these rooftops, and also the top of parking gruarages, t top level. often they're not used, it's a great place to drop off your car, get in one

. >> joby, thank you so much. again, remarkable book and research. thank you.at the white house tonight and across the country in honor of the u.s. service members killed today in afghanistan, more of what president biden said about their courage and sacrifice. that's coming up. >>> goes without saying today's events in afghanistan brought into sharp focus, both the dangers and horrors american service members face in conflict zones around the world. president biden ordered flags across the country to honor all the victims of the suicide attacks outside the kabul airport. you heard some of what the president said earlier in the program. in addition, he called the american military members who died heroes and added heroes who have been engaged in a dangerous, selfless mission to salve the lives of others. the president also said this. we have a continuing obligation, a sacred obligation to all of you, the families of those heroes. that obligation is not temporary. it lasts forever. the news continues here on cnn. >>> we will not be deterred by terrorists. we wil