kristina: if you follow the w.t.o. rules for bilateral trade agreement, it needs to cover most trade, not just the auto sector. what about agriculture, that the eu has said no, they're not going to drop tariffs on all the cheese or any imports? do you think they will play ball? >> yeah, that's hard to know. that's really a question for the trade experts and negotiators themselves. i think the important thing here is that the eu has said let's talk about autos and i think if both parties want to talk about autos, they will find a way to bring it into a broader discussion. kristina: what about nafta and the auto sector right now? the previous nafta deal and the new u.s./mexico, possibly canada trilateral deal, is there that much difference, especially with your expertise within the auto sector? are you seeing anything different? >> yeah, as a matter of fact, there is a big difference. first of all, the current nafta has been really great for the auto industry and really, the industry is thriving as a result of nafta. we

kristina: we'll switch gears.o to update on the health of senator john mccain, long- serving arizona republican and war hero has been battling brain cancer. today the family made the decision to discontinue his medical treatment. responses from friends and capitol hill colleagues are pouring in. senate majority leader mitch mcconnell tweeting, very sad to hear this morning's update from the family of our dear friend, senator john mccain. we're fortunate to call him our friend, colleague. john, cindy and entire family is in our prayers at this difficult hour. we promise to give you update on his condition as we get them. ashley: meanwhile tech titans coming to the table. why some of the leaders of technology are joining forces before frankly it is too late. we have details on a time sensitive situation coming up. >>> plus, rain continues to hammer down on hawaii as residents and tourists prepare for potentially massive flooding. we're live on the ground in honolulu after the break. ♪ i'm gonna regret that. with lib

kristina: very much so.the fact you did bring up that it's a small portion, 100 out of thousands and thousands of employees. but timing is everything, right? all of this is coming out a week before all of the hearings and testimony next week. thank you very much, ashley. >> my pleasure. david: here to react, media research center vice president dan gainer. great to see you. we will talk about the facebook thing coming up but i want to ask you about what the president said just about an hour ago, when he suggested that what google is doing and facebook and twitter, may be illegal. in what way would anything that they do be illegal? >> i think some of the concerns that have come up for conservatives involve politics. if you start to limit people's access to campaign information, that gets into territory of the federal election commission. i'm not an expert, won't pretend to be one on that, but that's certainly been one of the criticisms that's been brought up by the right. david: it leads to the next thing the

kristina: we will leave it there.ery much for the nice debate this morning. >> thank you paired >> good morning. gerri: wells fargo is admitting to a glitch that caused some customers to lose their homes. kristina: tracee carrasco joining us with them. wells fargo admitted that a calculation error may lead to as many 400 homeowners needlessly losing their home. into the formula with the to determine if there was qualified for federally backed program. as a result of the area, 625 customers are incorrectly denied upon modification with 400 of them losing their homes. wells fargo set aside $8 million in the second quarter to fix the problem which only works out to about $20,000 a homeowner. kristina: unbelievable all the bad news coming. another draw for them. meanwhile, an expensive cello. the story about american airlines causing problems. >> another black eye for the airlines. a woman on an american airlines flight session was kicked off before takeoff because of the size of her cello even though she bought a seat fo

kristina: a permanent good-bye.n goodman is breaking his silence on the firing of his former co-star, roseanne barr. >>> plus potentially making progress on trade. the white house touting the president's new agreement with mexico. do we think canada is going to jump on board? we'll find out. >> usa and mexico have generated again, strong deals, free trade deals, pro growth deal, as an example. ron! something's going on at schwab. oh really? thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. brbut how will his dentured to thicope with... a steak. luckily for brad, this isn't a worry be

what kristina didn't tell you is that constance is not within the 311 notification area. her unit is in escrow as we speak. kristina also didn't tell you that she herself empties parts of her building in the last year, there by adding to the density of our neighborhood and adding average rents. mark hermann likes to have conversations here at the neighborhood and at the hearing, highlighting my wife's native origins, the size of her family, and i see had deep concern about using the building to how's her family memory -- house her family and not tenants. these are not acts nor statements of people endeavoring to act with us in good faith. they have not asked us to meet. we have continually invited them to meet us. in fact, just two days ago, we accepted supervisor's kathrin stefani's offer to mediate a discussion between the principals, and kristina and mark, like other times, rejected the invite. we don't want the good feeling of the neighborhood to be washed away with a few bad apples, so concrete was replaced with stucco, wood, brick, to soften all materials widely use

kristina says, there is no problem. what is wrong with canada? >> oh gosh. connell: president trump got tremendous response to strip john brennan of his security clearance. that is big story this week. reaction from martha mcsally, a dedicated veteran herself. stay with us. this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. it's a revolution in sleep. the new sleep number 360 smart bed is on sale now, from $899, during sleep number's 'biggest sale of the year'. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to put your pedal to the metal. a

kristina, get you in a second. know what you're thinking, i want to hear, i don't know what you're thinking right now, steve, because the tariffs are way, our way of trying to level this playing field, right, with the china and rest of the world, frankly but it could hurt. it could hurt a lot in the interim. >> right. trish: so how do we -- >> here is the thing, trade wars are cumulative. little parts of the trade war don't matter. right now if you look at the market, look at investment by companies they're not running scared yet of the trade war even though there is some worry about it. the question about the trade war, what point it accumulates so much the dominoes fall and you do have outstanding economic impact? we're not there yet but the war seems to be accelerating. >> that said, if you want to stop china from stealing your stuff what else do you do? >> right. here is the thing, right? china is actually, let's talk about corporate debt. the state organized employers in china have enormous corporate debt, far

trish: kristina mentioned the u.s.ollar and the concern there. >> what does it do to emerging markets? trish: emerging markets may not after for as much stuff from the u.s. but let me challenge you on this, but isn't it kind of nice at the same time to have a strong u.s. dollar? >> for sure. trish: isn't that reflective of our stronger economy and job growth in a healthier currency? >> yeah, that part is great. the part you worry about is now doubling the tariffs with turkey. now i thought it was one tariff, that someone who wants a faster of-growing economy would actually like. i thought the president was putting more pressure ton to get pastor andrew brunson who illegally has been held captive there. >> since 2016. >> from the white house, no, this is odd argument that somehow turkey present as national security threat and we need to raise the tariffs from them beyond other places. >> two points to thats u.s. dollar climbing higher i think it's a concern. when you're trying to reduce the trade deficit and you have ex

trish: kristina brings up a good point. the president has gone into uncharted territory in terms of saying he thinks the fed should keep rates as low as possible. i mean he likes cheap money. he made a career out of borrowing an investing an an and benefiting from that arbitrage. mark to have a president articulate that, for the fed to do what the president wants, that is the chinese wall that has always been respected and i assume jay powell will continue to do so? >> yeah. the president is making a big mistake here. fed independence is cornerstone of a well-functioning financial market and economy. you don't want to mess with that he has the economics wrong anyway. if the fed doesn't raise rates consistent with what is going on in the economy, long-term interest rates rise. that is even worse for the economy. this is a bad path. trish: i would also make the point, one that adam has heard over and over and over again. >> let's hear it again. trish: as long as we've known each other, you can not be operating in an environme

kristina, this bull market, nine years,.president really have a point, rate hikes are going to be a risk? >> it is longest but definitely not the strongest expansion we're seeing so far. there however could be reasons why he is saying this. you have elections coming up. he could be speaking to voters and billionaires in the hamptons. he raised according to reports, $3 million. he could be speaking to the fed. the fed is supposed to act independently. jay powell, did npr, only broadcast interview with them. i said, i don't care, i'm paraphrasing, paraphrasing he doesn't care what the president thinks he has to act independently. but i do believe they're acting much slower than other feds have in the past. interest rates are historically low, especially given the unemployment rate. there is it an opportunity for them to go higher. they historically have been hire. that is when the red flags will start to arise, given high level of corporate debt. given high level of government debt. cheryl: john, if the president is worried ab

kristina partsinevelos take it away. david: big day for our country. those word from president trump. he moves closer to another campaign promise. scrapping nafta, with a new mexican trade deal. wall street celebrating as the dow surging 258 points at the close. all major averages ending in the green. with the s&p, nasdaq, russell 2000, brand new record highs. i'm david asman. hello. chris tina. >> i'm kristina partsineveloss. waiting for the con fet at that on the screen. i'm in for melissa francis. first let's go straight to the stock exchange with our own nicole petallides standing buy to break it down. as you look at all the various sectors climbing 1% higher. definitely broadening across the markets, right nicole? >> you're seeing records across the board. the s&p, the nasdaq, the russell. all-time record highs. we should also note the move that we've seen for the dow jones industrial average, now is out of correction territory. it has been in that since february 8th. we're seeing the 26,000 mark today. we have hats, another round of hats, celebra

kristina. bring our panel back in right now. gary, my goodness, i mean elon musk needs to get his stories straight and get the heck off twitter. >> well, jay-z and i were hanging out at elon's place and we heard -- melissa: why didn't you call me? >> i don't know what to tell you. first off in my opinion i think he committed securities violation by making a false statement to the world. and you know, kristina said something very important, conflict of interest. when they did the solarcity deal back then his two cousins ran the company. that was a big gigantic joke. i don't know where this will end up but i will tell you this, the market doesn't like it because it has 60, 70-dollar discount to the price even talked about. we're only in the first chapter of this. i have great advice for mr. musk if he is watching, shut up, don't say another word. he will get himself in more trouble. david: good luck. melissa: that works in a lot of different situations. lenore, i know a lot of investors who are pretty angry and feel like elon musk

captioning provided by -- ♪ >>> three years ago this month, whitney houston's only daughter, bobbi kristinaest. i sat down with her father bobby brown and he pulled no punches about the man who was by her side, nick gordon. does it trouble you there is a young man walking around scot-free? >> my daughter's gone. for him he will get his, god don't like ugly people. >> how much do you miss her? >> there's no way to explain that. no way to express how much i miss my daughter. >> bobby plans to build a shelter for domestic violence victims in memory of his daughter, and although gordon has never been criminally charged, he was held legally accountable for bobbi kristina's death in a civil suit in 2016. now, bobby is opening up about this painful chapter of his life in a new biopic. the day that she was buried, how will that time be portrayed? >> i couldn't be on set at the time because i just couldn't go through that experience again. >> the two-part miniseries "the bobby brown story" is the r&b singer's no-holds-barred attempt to set the record straight on his bad boy image, from his early ris

ashley: kristina, appreciate it. as we said president trump expected to speak in north carolina any minute from now. he will sign the executive order on retirement savings. we'll bring it when it begins. stay with us. we'll be right back. you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals designed to save you money. wireless network even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy

david: david: kristina, you say you have headlines.plan to include congress, issue about timing. they will present congress a full text of renetted nafta pact within third days. they're working on that very quickly. they want the pact to comply with the trade promotion authority requirements that is a way to fast track it. obviously timing is of the essence before midterms and before the mexican president comes in, the new mexican president comes in on december 1st. you're seeing from the headlines, the u.s. senate will make its own decision whether the trump administration notice complies with these, with this document so they have that. and then, that is pretty much it. they're saying it could be bilateral or trilateral. they still want canada within this equation. david: steve, how much trouble do you think the u.s. congress, everybody is focused on canada and the u.s., on the executive level but if the congress comes in and tries to muck up the trade deal that has been arranged through all this effort, what could happen then? >> co

kristina, thank you so much.cott, good to see you. >>> more analysis on the selloff throughout the hour, everyone. do not go anywhere. the market is down 258 points at 25,040. later in the show, elizabeth warren wants companies accountable not just to the shareholders but to the employees and local communities but does this mean even more red tape? president trump is defending meanwhile his tough trade stance saying our country was built on tariffs. congressman andy biggs on trade tensions. that's coming up next. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. i'm ray and i quit smoking with chantix. i tried to quit smoking for years on my own. i couldn't do it. i needed help. for me, chantix worked. it did. chantix, along with support, helps you quit smoking. chantix, without a doubt, reduced my urge to smoke. when you try to quit smoking,

kristina harazim, bbc news. you're watching newsday on the bbc.f crazy rich asians, the first hollywood movie in 25 years to be led by an all—asian cast. also on the programme: are you hungry? stay with us, because we'll be finding out which countries offer the most delicious food according to a top travel guide. the big crowds became bigger as the time of the funeral approached. as the lines of fans became longer, the police prepared for a hugejob of crowd control. idi amin, uganda's brutalformer dictator, has died at the age of 80. he's been buried in saudi arabia, where he lived in exile since being overthrown in 1979. two billion people around the world have seen the last total eclipse of the sun to take place in this millennium. it began itsjourney off the coast of canada, ending three hours later, when the sun set over the bay of bengal. this is newsday on the bbc. i'm rico hizon in singapore. i'm kasia madera in london. our top stories: italy declares a state of emergency in genoa after the motorway bridge collapse that killed at least 39 p

kristina partsinevelos joins us live now.e's are short term policies that have been around awhile. you can have them for a year and then you can renew them every year for up to three years. so it sounds great. an alternative for the affordable care act, president trump said he wants to provide a cheaper option to the affordable care act. but there are some differences. there are differences. what are you getting with the short term policy? that does not cover a lot of aspects that the affordable care act covers like mental health, prescription drugs. you can't automatically get it every year. you have to apply for it. you can't apply for federal subsidies. if you're sick or any pre-existing medical conditions, then you may most likely will not be eligible for the short term plan. it could be costly and should you become sick when you're on the plan. let's say you get diagnosed with cancer. you could be hit with high costs. the plan will be cheaper the affordable care act is $393. the short term policy is cheaper, around $124.

let's find out or try to with kristina partsinevelos, down in d.c. outside of the trade rep 's office. what are we hearing, kristina. reporter: exactly. there is conflicting reports. no one seems to be on the same page when it comes to the actual deadline. the economy minister of mexico came down the stars, ran into his car and i asked him, will it be today, tomorrow, next week. he is not giving official statement. but he is optimistic about the situation. you also had the future nafta negotiator, he will be as of december 1st under the new president, he told reporters in a scrum over here, if anything they're not in a rush to get this deal done. but he did say in the same context the deal needs to be done by the end of next week. you see how there is going back and forth between what the actual end date will be, but it does seem like mexico is very optimistic about this closing in. i asked specifically about the sunset clause. that means whether they have to renegotiate every five years. canada and mexico have voiced both their opinions against that

kristina partsinevelos has more. lower because there's reports now that elon musk's board of directors and security exchange commission could meet next week. that's what we're seeing on the share price. overall, a lot of drama because elon musk tweeted out that he wants to take the company private at $420 a share and he has funding secured. he said that $420 miles an hour has nothing to do with a marijuana reference. he said that when he was on the way to the airport when he did it. he didn't notify the board before sending the tweet but it created a lot of chaos because the stock prices dropped. people wonder where he's going to get the funding. like you mentioned, the interview with "the new york times" showing how he's struggling working 120 hours during the week, sleeping on the factory floor, taking marijuana, ambient the help him sleep. he's had an excruciating year. musk says he doesn't plan to step down. >> and what makes the tweet such a big deal? >> the big deal is it really about trying to secure funding o

kristina, david, great discussion. >> thanks for having us. cheryl: the trump administration, they are rolling back more burdensome obama era regulations giving coal-fired power plants and the states, big one here, much more freedom to do business. we'll be live at the white house with the latest there. don't go away. ♪ fact is, every insurance company hopes you drive safely. but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands? copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms an

can't wait to hear what they will say if anything, kristina. reporter: yeah, it's a big waiting game, cheryl at this point. we did have u.s. officials tell fox right now there is no deal with china. we know it is lower level. overall the united states has imposed tariffs on $50 billion worth of chinese goods entering the country. there is talks of about 200 billion more. you had the president weigh in this morning to reporters saying we should stop focusing on russia and focus more on china, the outcome there, the dynamics there. although a deal has not been made yet with china, the united states has said they're engaging but what does that mean for you? if you're sitting at home wondering what will that mean for your pocketbook, especially increasing tariffs on $200 billion worth of goods? think of that down jacket you maybe need in the winter time. those feathers come from china, a lot of those feathers. that is one example where you could see things go up. same thing with down pillows. what about appliances in your home. appliances like coff

our own kristina partsinevelos outside the u.s. trade representative's office. kristina. reporter: you have a delegate, nafta negotiator from mexico. he was very smiling very optimistic. i asked him specifically, what is going on? do they have a deal? he said they should have something next few days, possibly monday. he did preface that mexico is in no rush. according to what the media is sayings mexico will not rush to get the deal done. i asked him about the sunset clause, whether the deal should end in five years and be renegotiated. he said that is still on the table but he believes some news will come about within the next few days. he also said that canada doesn't need to be waiting on the sidelines. he believes that canada should be part of the negotiations from the get-go, not a bilateral agreement, bringing canned at that into the mix. this all just happened right now. he said he is leaving washington but several other mexican delegates will be staying here. so you have reporters standing behind pe. we're expecting possibly more people to come out to discuss mexi

kristina partsinevelos is live in the newsroom to give us details. this is quite a read, kristina. >> this was personal read, trying to go for the sympathy card, working 120 hours a week, sleeping on the floor, taking ambien, one. most difficult times of his life and a very, very tough year. we're seeing reaction when the article came out. the stock dropped, closing like you said 9% lower, there are also reports that tesla, elon musk, tesla's board is set to possibly meet as early as next week with the securities & exchange commission. why are they meeting? i'm sure a lot of our viewers know this story already but elon musk tweeted out he is taking the company private at $420. they want to look into whether there was any market manipulation with that particular tweet. we did, going back to the article of elon musk coming clean and just sharing all of his emotions in "the new york times" thing, he did talk about the future. people have said maybe it is time for elon musk to step down, considering he not only runs tesla, solarcity, and many other compa

number eight seed petra kvitova advanced to the quarter—finals with a straight sets victoy over kristina sainz has signed a deal to become the replacement at mclaren for fellow spaniard fernando alonso. the 23—year—old is currently on loan at renault from red bull and has signed what mclaren descibe as a multi—year deal. sainz is currently 11th in the f1 championship and says it was a childhood dream to join mclaren. alonso announced on tuesday that he was stepping down from the team at the end of the season. it wasn't the right pictures on that one. and finally, with the european football season underway, it didn't take long for the new goal celebrations to appear. but there is one that's caught the imagination of fans and taken social media by storm. have a look at this. after dele ali scored in tottenham hotspur‘s 2—1win at newcastle on saturday, this is how he celebrated. but the strange movement has confused teammates and fans alike as they try to copy the england star. can you do the dele? this is about as good as it gets i think for most people. you can see others... it is not as

she will face either victoria azarenka or kristina mladenovic in the last 32., the papers. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are arejim waterson, who's the media editor of the guardian, and jack blanchard the editor of the politico london playbook. welcome to both of you. most of the front pages are in. the daily telegraph leads on borisjohnson's refusal to apologise for comments about muslim women and burkas which the prime minister says are ‘wrong'. the metro says the former foreign secretary is under growing pressure from senior figures. the guardian reports that the eu is on a collision course with donald trump over his reimposition of sanctions on iran. the independent leads on a study which suggests that over 450,000 children need treatment for attention deficit hyperactivity disorder. the ft reports that shares in the electric car company, tesla, lea pt by 7% after the chief executive, elon musk, declared he wanted to take the firm private. the times claims that over one quarter of the staff

kristina kawczynski/passerby- "netflix and chill all day, if you can."erby- "heading to the coast. getting of the smoke." if you're in prolonged pain or discomfort as a result of the poor air quality... the health department says contact a physcian immediately. in solano county, philippe djegal, kron four news. (justine) dramatic new video shows the frightening moments a mexican airliner crashed. what passengers are saying about what they thought could be their last moments alive. (ken) and we'll take you to the emotional service for 49ers legend dwight clark. the tears and laughter as his life is honored. (justine) and... a five point plan to increase safety on bart. we'll talk about what exactly it entails.... after the break. you could save energy by living off the grid. completely. you could generate your own energy, at home. maybe you could save energy by weaving your own shoes... out of flax. or... just set the washing machine to cold. do your thing, with energy upgrade california. an aeromexico flight carrying 103 people crashed just after taking

kristina kawczynski/passerby- "netflix and chill all day, if you can."tom stuart/passerby- "heading to the coast. getting of the smoke." if you're in prolonged pain or discomfort as a result of the poor air quality... the health department saysontact a physcian immediately. in solano county, philippe djegal, kron four news. lawrence karnow: hiigh pressure is finally showing signs of weakening on this first day of august. it was still hot inland with some highs reaching into the low 90s. but overall temperatures cooled today and that trend will continue. more afternoon thunderstorms developed over the sierra again, on the satellite image you can see a couple areas of low pressure off the coast. they will help weaken the high pressure and move it further east. highs tomorrow will be in the mid to upper 80s inland, 70s and 80s around the bay and patchy fog at the coast will keep highs there in the 50s to low 60s. lows tonight will be cooler and actually slip into the 40s in the north bay. it may warm slightly with plenty of sunshine on friday before it cool

what do you think, kristina? what are you hearing? >> what am i hearing?ant debate everyone is having at the moment. i don't believe the government needs to step in but a needs to be a body. zuckerberg says it is inevitable regulation will come. do we let them do it? no. i don't necessarily think the right way. they took down police brutality videos a while back. there was huge backlash because of violence in the videos. there is a very, very thin line, with pornography, do you take down images of breast cancer survivors or women breast feeding because the breasts are on the air? i do believe there needs to be a body but not necessarily the government. neil: i look at iting a no, sir i cannily because i feel there is more zeal to take down conservative sites over liberal. i'm that is my bias, i'm cognizant of it, i police and watch it, but they almost can't help themselves. conservatives who feel they're being hosed by social media giants, where is their relief? >> well i think you remember these platforms are set up to be businesses and, so, no different

kristina partsinevelos take it away. david: big day for our country.hose word from president trump. he moves closer to another campaign promise. scrapping nafta, with a new mexican trade deal. wall street celebrating as the dow surging 258 points at the close. all major averages ending in the green. with the s&p, nasdaq, russell 2000, brand new record highs. i'm david asman. hello. chris tina. >> i'm kristina partsineveloss. waiting for the con fet at that on the screen. i'm in for melissa f

kristina: it's a comeback nonetheless and it's the end of the record run for the s&p 500.russell 2000, at least for now, all closing in the red. david: this is

kristina: we want to explain the merits of this idea to our partners in ththe region. it's s still all in the e plang stage. forests are a unique ecosystem. and if this is a way to maintain biodiversity, it could be a model for r the entire region. reporter: the provincial forestry department takes a long-term approach. trees grow slowly. it says there's plenty of space for swineherding in the woods. but there are fewer and fewer people willing to take on the job. radoslav: we reviewed the statistics for the past 20 years. the number of swineherds has fallen draramatically, which mes there are fewer areas where pigs live in the forests. reporter: sylvan swineherding has been practiced in serbia for centuries. there was a time when nobody worried about biodiversity, and the oak forests were seemingly endless. can this kind of farming b be sustained, or r even boosteded? pigs are so o good foror the ft because theyey loosen n the i. so rain and floodwater can be absorbed more easilyly there's less runoff. this is also good for insects and birds, and helps them thrive. sd

kristina partsinevelos has the latest on this one. kristina? reporter: that is true. the note came out today from elon musk himself to all tesla shareholders saying yes, we are going through with this private secured funding and the source like you said is going to be the saudi sovereign wealth fund. a sovereign wealth fund is an investment fund operated by the government of saudi, saudi arabia. what elon musk did say was saudi arabia, this sovereign wealth fund, those involved with it, reached out multiple times over the course of two years to take the company private. on july 31st they had a very important meeting where musk walked out of the meeting, was very confident he would get the funding, why he put forth the tweet last week saying he secured funding and he will take the company private at $420. however nobody confirmed that from the saudi point. "wall street journal" is saying they're considering increasing their stake which is around 5% right now. elon musk is very confident that should the company go private, he believes about 2/3 of shareholders will stay

kristina. thanks very much. john and todd are back. john the first phrase in the first tweet he may regret saying funding is secured for all of this, if it is secured, tell us who it is. who is giving him $70 billion which is how much it would take to private advertises this company at 420 a share -- privatize. >> that is scary word, david, you're right. secured part of the secured funding is ec will hinge on. this is wall street. not a matter you think you have funding or handshake deal. you have to have a signed contract to say you have secured funding. certainly appears to be a violation of sec laws. don't know where the funding would come from. to me google or apple would be best. sovereign wealth fund, only time will tell. david: todd, i owe you one, we have breaking news, 21st century fox, parent company of this network, fox business and fox news, reporting fourth quarter results. let's go to deirdre bolton with all the numbers. let's go to deirdre bolton. >> hi, david. this is a beat on both the top and bottom line. the company

kristina, thank you. >> thank you. melissa: adam, lindsey are back to react. adam, at the very least elon musk at this point is looking incredibly reckless. sounds like the saudis have him over a peril. maybe they, no pun intended. maybe they were talking to him about taking private at one point. you know, he put himself out there with the tweet. now they have all the leverage. yikes, what do you think about this? >> you know, i wrote this morning that he is like, he is the epitome of an immature executive ceo who is distracted. he needs to focus on one thing right now, which is making cars. so he should shut up about absolutely everything else. by the way, the hubris of saying tesla and ford are the only two american car companies didn't go bankrupt, those other car companies have been around for a century. his company hasn't been a mature auto company for one economic cycle. gives you a sense of for all of his greatness, how disconnected he is, which is frightening. melissa: lindsey, it is frightening. he said the only two hasn't gone bankrupt. he hasn't tur

mike gunsleman is here with us and kristina partsinevelos. kristina, what happened now?s an offer tempt you to go? >> $9.95 for three movies and only in the first two weeks of showing? no. >> neil: really? >> no. you look at the cost in big cities like new york, it's $15 a ticket, it makes it worth while. >> i think people -- there was a lot of demand for this app, which is why it did well in the beginning. the thing is, they kept changing the policy and structure. it was a good idea and now it can't sustain itself. >> it was almost too good to true. >> yeah. >> now you can't see certain movies. you have to pay more to see them. why would i bother with it to begin with? >> neil: i think it was to suck people in. it worked. they got millions of subscribers. then the problems began and they didn't have the ability to keep with it and they had reverse stocks to the point that it got crazy. >> the shift was $166 and now it's 4.17 today. >> neil: that's true. under a nickel. >> and they're paying out millions and millions to movie theaters for people paying $9 -- people were

melissa: kristina, more for us? >> i mentioned the 6,000 by the end of august, the other note is they plan to hit 10,000 per week. this is the goal as soon as possible. so that's one line coming out of this report. 10,000 per week. so literally double than what they have right now. they also stated they are seeing higher import duties on chinese components and unfavorable currency movements. going cause negative pressure us and mentioned the $2.2 billion in cash. think of how much they're spending right now. a report put out yesterday, they are flying in employees into fremont and giga factory just increased manpower. how much do you think that costs when you are flying employees it work at factory. melissa: they want to make 10,000 cars as soon as possible. i'd like to have $10,000 as soon as possible. i'd like to lose 5 pounds. give me your list of as soon as possibles. >> i'd like to see cars built really well, they aren't breaking down day one. little anecdotal. check atari stock today as well. elon musk tweeted

i'm kristina partsinevelos, in for melissa francis. >> i'm david asman.hing history in the making. anything could happen next hour. "after the bell" continues. here is what else we're covering for you in a very busy news-making hour. a u.s.-canada trade deal on the brink although the u.s. trade rep saying there still be a time for a deal. meetings will resume on wees