practice you in mr. tesla and thank you for your attention. [applause] >>> here's a lack at thundershowers on wore "after words," program that includes best selling fiction books. bill press reflect on his broadcast career. callum list joany goldberg weighs on threat thursday democracy, and former national intelligent director james clammer ourerred his insights into the u.s. intelligence committee. coming up, michael bennett will off is e'er his thoughts on race relations and this weekend, maryland congressman, john delany, the first democrat to declare for the 2020 presidential election lays out his vision for fors me. >> why do you want to be republicans in dedem -- >> i had concept you should run at criticism, think about people who disagree with you and our you should understand why they disagree with you because maybe they're right about some things. maybe have something to learn, and if you just talk to people who agree with you, you're never going to really learn anything. so, i've been to a bunch of these kind of meetings with the dem

tesla c.e.o. celebrity investor ilan must who later tweeted the full message mr moss said only salaried employees would be laid off and insisted the cuts quote will not affect our ability to reach the model three production targets in the coming months tesla's come under enormous pressure from investors to meet declared production targets and mr must recently appeared to chafe at pointed questions about tesla stability in an investor conference call last month he dismissed what he. called boring bonehead questions about the company's financial fundamentals tesla says they will produce five thousand model threes per week by the end of this month month up from thirty six hundred currently mr must however recently had more success manufacturing and selling get this twenty thousand flame throwers in one month and celebrated that milestone last saturday. and as mexico looks toward their presidential election on july first the presumed finance minister for the front running leftist candidate has said he would close the door on future foreign investment in mexico's energy sector and perhaps cancel curren

tesla. the founof the company, elon musk, said the company needs to make, quote, radical improvements to meet quarterly targets. mr. musk congratulates employees on the progress they've made on model 3 production but said more work needed to be done tesla has repeatedly set and missed production and delivery goals for that model 3 e-mail comes from -- story comes out of mary mcormack tweeted a video of her husband's tesla bursting into flames there hasn't been an accident and the incident came out of the blue, in her words the automaker has called it, quote, an extraordinarily unusual occurrence and said it was investigating the issue. that is not doing any benefit for their pr look at the vehicle burning. >>> coming up on the show, is the era of the madmen model over we're live where they're discussing the latest trends in their industry. >>> it's lights, camera, action as we get under caans. we find what it takes to make a successful campaign in 2018 and how the industry is coping with srti thnogs.diupveecolie >>> welcome back to "street signs. i'm willem marx. these are your headlines this morning from london.

in that e-mail, which we obtained earlier this week, he indicated that tesla is worried that there might be somebody else that mrp could have been working with other employees or people on the outside, and as the company moves towards manufacturing 5,000 model 3s per squeaweek, t huge goal out there that the market is focused on, elon musk was warning employees, look, we need to be as vigilant as possible making sure that everybody is doing the job they're supposed to be doing and not, as he is alleging in the lawsuit, sharing information with outsiders >> all right and the stock, phil, is up, almost 1.5% on the day not necessarily on this news, but -- >> right. >> investors certainly not taking it badly. phil lebeau, thank you. >>> when we come back, how big tech is tackling the skills gap linkedin's global head of product joins us next. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> here's what's coming up. we are debating the current state of stocks and the recent struggles for your m

mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to options action eight years ago tesla when publicggest controversy right now whether or not tesla when they release their production numbers, did they hit a production rate for the model 3 of 5,000 per week. he says those doubting his company are in for a rude awakening. analysts are all over the place. some say 3800. it is a tent, outside of the tesla factory, elon musk is using it as a third assembly line they're trying to crank out the model 3. as you take a look at shares of tesla, he was warning one analyst earlier this week you're in for a rude awakening if you down we will hit that production number >> phil, thank you joining us from chicago. if you're a tesla hater out there, we have a way to be against the stock for no test at all. >> i done think i want to buy a car built in a tent, that is just me. we're looking at a one by two foot spread. one of them is that options premiums are really high we were taking a look at where the at the money call was at $60. we have a lot of kcatalysts that could propel the stock, and the fi

teslas. >> did you see the resignation -- >> mr.er why are you bringing that up >> press pro trump. >> yeah. matt murray who was in my class as internals at the journal in the early '90s is the editor in chief. >> is he not -- >> how does that make you feel >> i know, right [ laughter ] >> i have a ceo younger than me retires. that's it. >> yeah, that's a problem isn't when you walk into the ceo meetings and you're the oldest guy in the room. >> yeah. you always say listen you're too young. are you kidding me i'm 63 i say i'm not 63 >> you're not retiring i'll say it. not ever. >> i'm neither shy nor retired. >> glad to hear it. >> vix near 12 has made people wonder if we're back to what we had earlier in the year. >> it would be great if we had every sector going up. >> yeah. >> we do not have that now i think that -- and we have a huge number of bulls in the bull/bear survey this is not an optimal moment to we need something else other than to tech go up we don't have it without it, i'm afraid i'm not afraid that's the wrong word.

tesla investors have backed its board, calling for an independent chairman over claims mr.ee tarts showed the board had failed to oversee elon musk. musk expressed confidence about achieving production goals. >> there will be more giga factories in the future. we are close to announcing a factory,vehicle and future giga factories will include vehicle and power trade as a single integrated unit. we are close to announcing something in china. joining us now is bloomberg opinion tech columnist. alex, how did elon musk, who turned up yesterday, different than the one we got to know in recent weeks with the investor core? reporter: we got very used to this hit shooting maverick elon who is highly critical of journalists and shareholders. what we saw here was a very much elon,iatory andontr missing some of his faults, admitting there are areas where he can improve. not least in improving products to deadlines. it seems to work. he got the backing of shareholders. he controls a lot of the vote himself, 90% of the stock. that is a bump that is hard to overcome. it will be interesti

shareholders really overcoming what these credit have said about how tesla failed to reach these reduction targets. how big of a victory is this for mr? dana: a pretty big victory. it's not surprising given the pension funds that match at the campaign which are relatively small. the power of the company is held by large shareholders who own a big state. that's why they are in the stock. it not a surprise that he won. we will not know exactly what the vote was. musk stays on as the ceo and chairman. yvonne: elon musk commented on the production at the meeting. >> the biggest constraint on output is general assembly. we can probably get to 5000 per week with the current two general's emily lines. the third one, i'm highly confident we can exceed 5000 units per week. yvonne: he's making it sound might they have emerged out of this production hell. how achievable are the targets? dana: this is the first time we have heard tesla say they are building a third general assembly line for the model three. that is news. right now, i believe he said they have 3500 cars per week so if they can get to 5000 per week , that is in line with the most

mr. markle says his daughter has wanted to become a mother for a very long time. we'll wait and see. now back to you. >> tha you, angie. >>> teslare reacting to a horrifying video. a hollywood actress says her husband's car burst into flames without warning.ia >>> the off start of summer just a few days away now. you know what that means. mosquitos. lots of them. we're working with you on details on how to ward off these bugs on your property. >>> and we still have a severe thunderstorm warning for howard county and portions of baltimore and also carroll county. of course this is traveling to the east atbout 30 miles an hour dropping a lot of rain. we're going to be talking about this srm and if you could see any more storms throughout the remainder of your evening, remainder of your evening, that's a coming upll thefor montgomery county endorsesexecutive.ir "t best chance of injectiy into a county that badly needs it." "realistic ideas for attracting new businesses, extendinafpre-k, improving trc." "a progressive leader, for jobs, to fund schools without more taxes, to take on the nra and combat gun violence." "an eagerness to

tesla chief executive elon musk has accused an employee of carrying out "extensive and damaging sabotage" at the electric carmaker. in an email to staff, mrallegations have not been verified. mr musk said the matter will be investigated. donald trump has threatened more tariffs on china — just remind us what is in place so far? this is the trade war that we have all been talking about — the one donald trump warned us he would instigate back in his 2016 election campaign. it is the trade war that has been spooking the markets. this has been kicking off since january and there has been a lot of talk. injanuary, the us announced tariffs on imported solar panels and washing machine. in march, mrtrump solar panels and washing machine. in march, mr trump unveiled plans for a 2596 march, mr trump unveiled plans for a 25% tariff on steel imports and a at chardon aluminum. in april, china announced tariffs on us imports from steel pipes to pork. in may, the us and china put our plans on hold. and then injune, tariff threats resurfaced again. so what is in place at the moment? let's ask kim gittleson on the floor of the nyse — kim, what tariffs hav

mr. milken in particular, the genesis of my request to the president a year ago or nearly a year ago at this time was, if you recall, teslad bonds and my belief that the entire premise of the milken prosecution in the this1980's was junk-bond craze was an invalid aspect of capital markets rooted in greed, and over 30 years we not only had the validation of the asset class, but now we have this ever so popular, pop culture friendly company like tesla utilizing the very vehicle that milken himself had popularized. as far as the timing for the president, i believe that he will have to figure that out. the white house counsel has written me to suggest that these things will play out in a given timeline. i do not think this falls into of same category as some these other pardons in recent weeks, but as far as the principle behind it it represents an incredible opportunity for the president to was anas a -- right what incredible prosecutorial wrong. othert: so you have companies adding to america's capabilities, but michael milken has wanted to reverse his securities conviction as well. a pardon would not get him there, would i

mr. feasance, see you tomorrow thnds great. john, thank you, and mike santoli, thank you as well >>> we just got some breaking news on tesla in the hour the company announcing job cuts. phil lebeau has more details with the stock on the move, phil >> and sara, the stock is moving lower because these are substantial cuts that tesla is making the company will be laying off about 9% of its workforce. it has about 46,000 employ you're looking at 4,100 or 4,200 workers who will will b let go these workers are almost entirely from the salaried white-collar group of workers. it is not production workers who will be cut, therefore there's no change in the production targets or plans to hit the model 3 production targets that it has set out the company also says that it is going to be ending its sales agreement with home depot. you know you can buy the tesla power wall if you go into a home depot and there's a tesla associate there to walk you through the process. those workers will be offered an opportunity to move into other tesla positions within the company, but again, the company, tesla, is ending its agreement with home depot. in an

tesla's stock is down $10. >>> ten minutes from now paul ryan, speaker, it's been a highly emotional week on both sides regarding immigration, and mrth mark meadows on the floor of the house last night. 9 he may be asked about that at his news conference. right-hand side of your screen on the white house, president trump holds a cabinet be meeting shortly. stay with us, please. we'll get some headlines from that meeting, and you'll hear them first if they come out. we'll be back. ♪ ♪ with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com that's it. i'm calling kohler about their walk-in bath. hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ snap ] the kohler walk-in bath features a low step-in at three inches. the bath fills and drains quickly. comes with fully ad