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shares of joby surging today. it has been a big week for that company.hey are receiving a $100 million investment from sk telecom after getting the green light from u.s. regulators in that quest to build their electric flying taxis. matt: it has been incredible. the stock started out the week at 632 and went as high as 1198. almost doubling in a four trading sessions. a little bit of the air has come out of it now. there is great hope for a way to get from the island of manhattan to one of our three airports in a faster and greener manner than you can now. i guess investors are betting this could be one of the ways to do it. jon: it is fascinating. obviously we heard from the ceo talking about maybe 2025. in terms of the investors, not just an airline, but the auto industry watching and the chipmakers. matt: absolutely. these machines are clearly very complicated and require probably thousands, at least a thousand microchips to fly. it is not just a eyewear we need the -- just a eyewear we need the silicon wafer's. it is in transportation as well. i gues

>> well, there's always some risk i would mention that joby and archer in particular have about $1.2nd over $600 million in cash respectively and the closer that they get to certification, once they can get close to having those aircraft certified, they will be able to do what is called predelivery payments so you could take a certain portion of the total price of the aircraft and collect that cash and use that to jump-start the manufacturing of the aircraft >> sure. >> so it's helpful if those aircraft are close to certification now. so the closer they can get, the more excited the airlines and air carrier also be. >> everyone always said we were promised flying taxis. maybe they're almost upon us austin, thank you for your time. >> thank you have a great afternoon >>> former president trump's federal indictment has been unsealed let's get the breaking news and the details. >> it's been unsealed but we haven't seen a copy yet. so that is something we're waiting for literally any second now. presumably we will see a copy of this document. the key is what are the charges and how many

that said, joby and archer, remember the two of them joby is now distinguishing itself to a certain extentesterday and today. why? its production launch, it received a permit to fly the first aircraft built on a production line. this was news out yesterday. aircraft expected to become the first ev toll aircraft to be delivered to a customer. production line and aircraft built in close collaboration with toyota, and this is in california but expected to become the first aircraft to be delivered when it moves to edwards air force base in 2024 to be operated by joby as part of the company's agility prime contract with the u.s. air force. this is what we used to characterize as flying cars. they're not. what they are is all-electric small planes that eventually may be autonomous and that are thought to create a new world of mobility, and of course, it always brings me back to that morgan stanley report, which said $9 trillion but by 2050. >> we got time >> to be fair, we still have 27 or so years. but yes,that was their -- that was their median case. their bull case was $18 trillion >> nice. t

. >> start with joby aviation, soaring. the stock is soaring 42% after it announced t's going to be launching air taxis. not necessarily with passengers just yet, but this is the latest news from the company, why it's soaring. the fact they got the green light is adding to this name let's move on to the next company we are going to talk about. that's virgin galactic i teased that before the commercial break it's up about 8% right now that's because they are soaring ahead of their first commercial space flight, a three-man crew set to jet to technologic of space tomorrow from new mexico the excitement over the launch is causing this name to soar 8%. last but not least, a travel theme, robo taxis and, you know, space travel, cruise stocks continuing yesterday's rallies shares of carnival are up about 8.6%, almost 9% right now. norwegian jumping about 7.5% royal caribbean also up higher a little less than the rest but at 2%. there's strength in the travel sector these three names are currently trading at 52-week highs, which i

let's bin with is that jobi? lauren: i say jobi, air taxi.y just got a green light with from the faa to begin flight testing of their electric air taxi. it's all a matter of time for us to be able to hail one to get to laguardia or jfk, right? if they say they plan to start testing in 2025 the for commercial use. ashley: is that right? just order them, find a place where they land and off you go. lauren: yeah. future is here. ashley: all right. workday. tell me about workday. lauren: business software company, rbc capital initiated their coverage with an outperform, $275 price target, they say there's a long runway of 20 the plus percent subscription growth. workday's products, we use them here at fox -- ashley: yes, we do. that's why i reck niez it. lauren: yes, it's on the screen. ashley: all right. airbnb, that's a famous name. lauren: it's up 2 percent. travel stocks broadly higher ahead of big demand for the fourth of july weekend, and then i just wanted to tell you that the malibu barbie dream house is available for rent on airbnb. i di

joby aviation says it received faa approval to begin flight testing its first prototype. the company has partnered with the united states air force and delta airlines, saying it plans to fly customers to and from airports. governor newsom went to visit the company over the weekend and during his visit, newsom said the company is changing the game when it comes to the next frontier of flight. and that is zero emission aviation. a travel nightmare nationwide impacting the bay area airline passengers are facing cancellations and delays due to bad weather. back on the east coast, as well as staffing problems. and it could get worse with the holiday weekend ahead. ctv's jana katsuyama spoke with families at sfo tonight. some say they were stranded overnight and told they can't be rebooked until next week at sfo wednesday. passengers waited hours in a line that stretched from united's customer service desk across terminal three. i have been waiting at least for two hours now. we arrive from sydney, australia at 7 a.m. this morning. and when we got here we were moved to six diff

ashley: joby aviation. lauren: we spoke about this yesterday. stock jumped yesterday. it is up 27%.hey got the faa and not to begin flight testing, retail interest is coming in. this can actually happen. we can literally hail electric air taxi to take us to the airport may be in the year 2025. they are up 168. ashley: that is like the jetsons. it is kind of cool. lauren: with a i and the rapid increase in technology, the jetsons is coming true. we are in on the cusp of it. ashley: now this. president biden makes an embarrassing gaffe when talking to a reporter about the war in ukraine. blue >> president biden: flatware putin -- hard to tell but it is -- she's losing the war in iraq including the war at home. ashley: the president was carrying a cheat sheet on the wegner rebellion but it was iraq. the shot down chinese spy balloon was using american technology. we have the details on that. do you know what bidenomics actually is? role it. >> you said you didn't know what bidenomics is. can you tell us today what is? >> president biden: first time i heard it used was you guys in the p

reggie: joby aviation has given approval to begin testing it's all electric, flying commercial taxis. i table start testing prototypes at edwards air force base in san bernardino county. they expect to begin commercial flights by 2025. a commission will vote soon on whether or not to allow cruise and way mode to pick up 24 hours, seven days a week. abc 7's leanne -- ly ride in waymo. it looks like there are a few kinks to work out. here she is trying to go to a museum. reporter: i think it is confused. i better run before it goes away. right now, there is a green light and nothing is happening. we are stuck. it says "our team is working to get you moving." now, you are going. this is weird. the location where i want to be is over there and it dropped me at the bottom of this hill. i am looking at the map. i hope it takes there. hopefully it will make a left but it is not. it is going to make a right again. it is dropping me in the same place where it dropped me before. i came into this with a lot of optimism and now i am not sure. i would say have fun but be prepared to be frustrated.

jobi you have a doughnut and business -- a donut and it is not a b anger.e: it was really good. eventually made it very drew: cooler day, chance of showers overnight. we will talk about why in one second, but it is cloudier and cooler today. low-pressure skins of the coast of southern california, creating an unstable pattern locally. overnight, chance of an isolated shower. given a thunderstorm is possible but the best chance to our east and south. southern california has a better bet closer to that area of low pressure. temperatures below average for the remainder of the week. blend of sun and clouds today. temperatures five to 10 cooler than over the weekend. most of us are landing in the 60's and 70's for daytime highs. best bet of an isolated shower is probably early tomorrow morning. guess issue some wet right issues of wet roadways but it is very isolated. here is future weather. cats of a thunderstorm outside our region very early morning -- best chance of a thunderstorm outside our region, but early tomorrow morning -- best downpours would be southe

>> -- the kind of thing that you and i hate, the summer rally that is based on companies that are jobi> short positioning is as dramatic as it was during the great financial crisis $5.5 trillion in money market funds. this could go on for a while >> it's not going to be anything we like. it's going to be on in the way it was in 2021 we had 600 ipos. half of them, you can't talk about on air because they're too small. we had an interview the other night, wework, today, david, someone took the price target down to 20 cents >> somebody still covers that? no, that's not -- >> well, they're paid. now, can i be not facetious for a second the cava deal is going to be red-hot, and there's so many biotech deals. there are biotech deals that are caged animals, ready to come out ever here, and we're going to have to ring the bell, and it's going to be a company that has a cure for ingrown toenails. >> i will do it gladly it will be nice to have ipos >> you're going to have so many ipos, your head is going to spin >> we're not the only one important is a.r.m. >> maybe some restaurants. >> a lot of

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and he is a music lover and a someone who's very devoted to san francisco and joby actually funded this acknowledge him and thank joe for doing that because because of his support is generous support over 1000 musicians will be able play in san francisco the summer. so first, thank you to joe b and the including tell them swift, including swiss swiss. wow. i mean, talk about with swiss. it's an amazing local band started in san francisco. they were inspired by the musical notes of nina simone and jeff buckley. and they're amazing. yeah, just incredible. yeah. i'm very lucky to have them in the studio today. all right. and let's enjoy their performance. >> old. >> so >> so not lowe's knows you never come in for just one thing. so we've got to know a lot of things about a lot of things. like which mower makes the cut. the mulch that finishes the look. and picking a color that pops. you got this. we got you. >> all >> right. welcome back. 8.54. over saturday. let's get things started with a look at our weather forecasts show. we debut standing by there. >> it sounds great to is literally.

and you basically have ic—pcssiiie- to beg for any possible job awaiiaiie— to beg for any possible jobi sure about that? because the best job is from best way to get a job is from employment. the best way to get a from employment a promotion is from employment and therefore taking entry and therefore taking an entry level way to level job may be the way to break the cycle of dependency that caroline was talking about. break the cycle of dependency that (i roline was talking about. break the cycle of dependency that (i roline ills talking about. break the cycle of dependency that (i roline \| thinking about. break the cycle of dependency that (i roline \| think in; about. break the cycle of dependency that (i roline \| think in manyit. well, i mean, i think in many imiasiaies— well, i mean, i think in many industries, my— well, i mean, i think in many industries, my own as well in icamaiism— industries, my own as well in journalism, actually, one of the reasons iwas -to- journalism, actually, one of the reasonstas-to get- journalism, actually, one of the reasons was to get into reasons i