ashley: we were the first report the news of that elon musk traveled by elon musk called the hyperloopesting the details when we return. don't go away. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't ke it. so why do banks do it? hello? hello?! if your bank dsn't let yo talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. pcentury link provides reliable yit services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. >> we have more news on elon musk of tesla and his hyperloop idea. here are some of the renderings you can see of what will be what he envisions to be this pod that would be high-speed travel. these are the skis on which it would move made of the same materials used in some of his rocket ships. you can see this is a fox business exclusive look, i have been there exquisitely. getting the idea when california announced the high-speed rail and he was disappointed. he hoped it could be done better. ashley: he does. i am not a scientist, but if y

let's hear it straight from the musk. what is this thing?>> this is a concorde, a rail gun and an air hockey table. >> john: okay. it's a cross between a concorde, a rail gun and an air hockey table. that is not an explanation. that's naming three things that sound fast. it's a cross between a speedboat, a cheetah and get you to dohar in 15 minutes. according to my cal cue layings an actual cross between a concorde, an air gun and an air hockey table would look like this. that would actually be an amazing way to get to san francisco. the truth is, stories like this are actually some of my favorites. they're inspiring because they remind us that the future is going to hold you and exciting innovations and the great minds in our society will always be there to push us forward. and achieve the unimaginable. >> musk says he doesn't have time to actually build hyper loop. he's hoping others will make his dream become reality. >> john: what the [bleep]? that's like saying, hey, you know what we should do? find a vaccine for cancer. someone get on

musk's idea. but he has to prove it. >> well, musk has no immediate plans to build the hyperloop. designs open source, so anyone can work with them or improve them. he says if no one steps up, he would be willing to foot the bill for a prototype but that could take three to four years to build. >>> and now we have a panda family reunion in china. this adorable giant panda cub was reintroduced to her mother. last week. she was born on july 6th but was taken away when her leg was hurt. zoo officials say it won't be long before the mother and cub are back together permanently. this is the "cbs morning news." a toasted pretzel roll, our new bacon avocado chicken sandwich comes with fries and your choice of soup or salad. it's just one of chili's delicious lunch break combos. more life happens here. and didn't know where to start. a contractor before at angie's list, you'll find reviews on everything from home repair to healthcare written by people just like you. no company can pay to be on angie's list, so you can trust what you're reading. angie's list is like having thousands of clo

musk wants to cut them out completely. have you ever driven into the dealerships just to see what they think about the model s? >> no. >> reporter: do you want to? >> we could do it right now if you want to. >> reporter: so we pull into the first dealership to take a look. >> you could see the experiences, they're not particularly inviting. usually a high pressure sales environment. a lot of times, i'm not sure if people are really getting a good deal or not. and i think you know, you go to a normal dealer, you feel a little bit like you're prey. you know, it is -- you are going to get pounced on, and it is not very pleasant. >> reporter: musk wants to take it to this dealership, but his friends want to take him out of there. he has no love for the auto dealers, and the feeling is mutual. in fact, they're waging an all-out war on him. waging hard to get a ban in colorado and virginia. they succeeded in texas. >> he typically is not somebody who has been told no very much. >> reporter: now, meet the man who got him booted o

musk wants to cut them out completely. have you ever driven into the dealerships just to see what they think about the model s? >> no. >> reporter: do you want to? >> we could do it right now if you want to. >> reporter: so we pull into the first dealership to take a look. >> you could see the experiences, they're not particularly inviting. usually a high pressure sales environment. a lot of times, i'm not sure if people are really getting a good deal or not. and i think you know, you go to a normal dealer, you feel a little bit like you're prey. you know, it is -- you are going to get pounced on, and it is not very pleasant. >> reporter: musk wants to take it to this dealership, but his friends want to take him out of

may sound crazy but consider elon musk's track record. the 42-year-old billionaire who founded paypal invented the breakthrough tesla battery car, and was the first to dock a commercial rocket with the space station. his idea has hyperloop passengers traveling on a magnetic levitation system inside airless low pressure tubes similar to the tubes used by drive-through bank tellers, only passengers would travel up to 700 miles per hour. meanwhile, a colorado company called et3 has been working on similar technology for years. >> if there's a concerted effort to do it, that route can be built in a year or two. >> reporter: but even if it works, critics say lining up the financing and clearing the regulatory hurdles would make the project impossible, at least in the near term. on the other hand, this is elon musk we're talking about. the inspiration for the iron man's tony stark character. the iron man suit sits on the space x factory floor. >> so can you save the world? can you save the country? >> i'll do my best. you know. working pretty h

we should first make clear that elan musk does not plan to build the hyper loop himself.he idea and he hopes someone else will pick it up. are there any early takers? >> well, no one in particular has come forward, although there have been a couple tinkerers that have tweeted at elan and said, hey, i've duran up some ideas, what you do i? so far no corporate investors. >> musk says this can travel up to 800 miles per hour in aluminum pods. it sounds like it would be complicated technology but musk disagrees with the fact that it would be complicated? >> he says we already pretty much have the technology. an air hockey table, that's air, we have the tools already to make it. >> you wrote a cover story for "forbes" on elon musk. do you think this will be a new this evening f thing for him, introducing ideas for others to carry out? >> that's a really good point. the method in which he is talking about this is very elon musk. he has great ideas, very visionary. what is new is the fact he is saying this is an open source thing and he wants people to collaborate. so that is a

new line musk want to supercharge the way we travel.hink jetsons, only incited tube called the hyper loop. the ceo on the company on the cutting edge of this revolutionary technology. blackberry on the block? former king of mobile considers putting itself up for sale for a strategic partnership. whether you should be an investor now. and a london whale of a problem, the fed are close to now filing trading scandals and criminal charges against two former jpmorgan employees. "countdown to the closing bell" starts right now. ♪ liz: good afternoon, everybody. it is the last hour of trading. strap yourself in for major market moves. the hedge fund is closed. this is a division that was launched back in 2010, in financials and corporate giants. the closing was planned before the federal investigation into alleged insider trading heated up july. we understand there are about nine employees in this division. no word on what happens next year. ben bernanke asking for more time after being told by a judge he has appeared on the asked when it come

musk, pay pal, you can't doubt that. zuckerberg interestingly enough -- >> don't forget tesla with musk. >> tesla is not proven yet. that's why we're having this discussion. and when we get to somebody like zuckerberg, he's not in the same league yet, but you take a look at it, when you get into this quarter and you look at who you're going to bet with. when i look at it as a journalist, the real issue is which of these companies is going to disappoint? in other words, what nobody wants in this market -- >> maybe none of them. >> by the way, then they will continue to do what they do. let me tell you something, what i have learned in this market and many markets now is with stocks like these, they will go and they will go until, as green mountain did back in may of last year, they come ut and say, by the way, guys, it's not going to work. at that point hypergrowth days are over, we're going to disappoint. that's what the street doesn't like. you take a look at a company like tesla, sketchy earnings quality last quarter.

elon musk releases his designs moments ago. it's getting from l.a. to san francisco in 30 minutes as easy as he makes it sound? we will get a top expert to weigh in. and he is burning almost every bridge in sight, all word on wall street. who madeoney today? the company has nine lives and he is making a killing off of it. stay tuned to find out who it is. even when they say it is not, it is always about "money." our first guest says it is a great way to make money. after the last fe years, house flipping is on the rise big time. flips of homes are up 40 for those of you who want in, we have the best in the business to tell you what to look for and where. he literally wrote the book on this, find it, fli fix it, flip. housing has been on the men's, but flipping is surging. what is behind i it? >> the real thing is flipping. there are some diffent categories. for a while we have had properties on the market and if you know how to do it, you can get a property at a great deal, add value to it and hopefully sell it right away as prices are going up which

elon musk set to unveil the future this afternoon.an't joins us. >> imagine going from new york to l.a. and 45 minutes. or the east coast to china in two hours. i know that would be a game changer. elon musk has specific interest. we have an incredible model here of what it may look like. >> yes. you get a sense of the amount of volume and comfort level. >> why don't we have a seat and check it out. we are sitting in this comfortable seats. >> this capsule, once we get loaded in here, we'll go through and airlock into a tube network and accelerate like a car accelerating onto an on ramp. it can be routed automatically through the network. it hosts just like a space capsule in orbit. >> that is so cool. >> the equivalent of a 40 lane freeway. >> that is amazing. we are sitting in this capsule right now. i have road on my fair share of trains and planes and automobiles. how would it actually feel in action? >> once it is coasting, you'll feel like you feel right now. there is no friction in space. the most proven form of travel in the u

as if musk was somehow running the place to please the short sellers. no.t was a monumental, astonishing call unlike any i've heard before. it was a beautiful play. in one very short release and a brief q & a musk has taken the story of a bedraggled baby car company, delorean meets tucker and turns it into a business like the second company of bmw. -- coming of bmw. orders well in excess of demand. don't worry, we'll ramp up to meet demand without needing extra money from the marketplace because we are cash flow positive and profitable. that sentence contains about every single catch phrase needed for analysts to raise their estimates and have a stock go through the roof. which is exactly what they did. now i'm totally conscious that the shorts control 25% of the flow have not given up. i still get calls explaining how corrupt elon musk is and no one wants the car even though someone i know buys one every week. we happen to install tesla chargers at the very inn that i co-own to please the customers. a level of demand that can't be met even as gross margins

what is the futuristic transportation system elon musk has up his sleeve?econd hour of the "closing bell." >>> it's 4:00 p.m. on wall street. welcome to the "closing bell." i'm kelly evans in today for maria bartiromo. bill will be joining us in a second. >>> the stocks are struggling to find direction today. here's how we're finishing the day. it looks like a down day for the dow and s&p 500. we're still waiting for things to settle out. the nasdaq, though, managing perhaps a small positive here, helped by the performance of tesla and apple, to some extent, i'm sorry, not tesla, but by apple to some extent. we'll keep an eye on the components of that index, as well. we've come off a week where just 10 days ago, we were at record highs, the dow jones industrials average, and

we'll find out what some well-traveledded people think about musk's plan.tay tuned. ♪ the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's fatr? hello. mother. mother! tveling is easy with the venture card because you can fly any airline anytime. two words. double mile this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. and with double miles you can actuay use, beard grongontest and go! ♪ win! wt's in your wallet? if you have high cholesterol, here's some information that may beorth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk factors because you could be at increased risk for plaque buildup in your arteries over time. and that's why when diet and exercise alone aren'enough to lower cholesterol i prescribe crestor. [ female announr ] crestor is not

we'll get elon musk's reaction in few minutes.th the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. >>> welcome back to "squawk on the street." shares of l brands are among the worst performers after the company behind victoria secret and bath and body works sales reported earnings that narrowly beat analysts' estimates but offered a forecast for the current quarter profit that is fell short of expectations. so those l brand shares down in an otherwise up market, carl. back over to you. >> thanks so

who developed paypal, musk transitioned space flight to the commercial sector and musk with engineersn who stand on past accomplishments. a futurist and professor. >> after you made your first $1 isn't going to do much for you. and if you want to really compete among your peers to show that you are the smartest kid on the block, you are going to do it by coming up with ever-bigger projects to take on. among billionaires that's what the status is. status isn't money. status is changing the world. >> that's -- that soun cf1 like a bullet out of a gun. >> well we have the bullet train here which is -- not really a bullet. >> it sounds feasible, too. you hear some of these things. >> look at it. disappear. just disappear into the light. >> interesting they keep it under the speed of sound the i wo how >> yeah, by the way, just to they're saying they can do it in 30 minutes. >> travel across the country potentially in four hours. >> just like the bank tube, the pneumatic tube. >> yes, sign me up >>> good morning. i'm diana perez. >>> good morning. i'm diana perez. >> i'm john muller. here

elon musk unveiling plans for his hyperloop. passengers from l.a. to san fran in 45 minutes. we're asking the only way i would ride the hyperloop would be if it what? tweet us your thoughts @squawkstreet and we'll read some of your responses later on. r clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgen

musk's idea. but he has to prove it. >> reporter: musk said there will be a demonstration project but did not commit to building it himself. his concept is open source meaning others are free to take his ideas and improve on them. in san jose, len ramirez, kpix 5. >> elon musk says it will cost $6 billion, $60 billion cheaper than the california high-speed rail project. >>> developing news out of placer county where a major firefight continues for a third straight day. the so-called american fire has ravaged more than 1200 acres. it's burning in a heavily forested area about 13 miles south of lake tahoe not far from the community of foresthill. cbs reporter ang lee hemphill on smoke drifting in nearby communities. >> reporter: thick smoke from the fire is billowing above the hills in the tahoe national forest. eventually it settled into nearby valleys. >> we have a long haul going on. it will be a while. >> reporter: the fire is burning about 17 miles from the town of foresthill in a very remote a

this elan musk has delivered the goods in the past. tesla motors reports it sold thousands of sedans in the last few months exceeding expectations. billionaire helped found by pal which changed the way we pay for things on line. running space x the first private company to send cargo to the international space station. the bottom line, this guy dreams big and delivers. jolene kent from the fox business network live in loveland, colorado, an hour north of denver. that's where a separate company is working on mockups of this hyper loop. show us how this might work, joe. it's like traveling in a really fast car. not a train, and way, way faster than a jet. we are here with a mockup from the leading technology developer in the field. et 3. check this out. this is a capsule that you would travel, in shep. you just have a seat in here. and this would actually take you from china to new york or visa versa in two hours. like you said, it feels light, like you are moving fast. and you would be able to oget out every 15 minutes. check it out. bu

musk's idea. but he has to prove it. >> reporter: musk said there will be a demonstration project but didn't commit to building it himself. his concept is open source meaning others are free to take his ideas and improve on them. in san jose, len ramirez, kpix 5. >> he says the whole project would cost $6 billion. it's about $60 billion cheaper than the same phase of the proposed california high-speed rail project. >>> state lawmakers are urging californians to keep their phones tuned in for amber alerts. [ beep, beep, beep ] >> that sound jolted millions of people awake last week after a statewide amber alert was issued. many found it startling or irritating and disabled the function on their cell phones. lawmakers are urging them to change their minds. >> there's one incident where some people were inconvenienced, woken up. if you look at that inconvenience in contrast with the very real situation where a young woman's life was saved because of the alert system, that is a huge, huge benefit. >>

we just did something on elon musk. there's a bit of a profile for what makes a successful entrepreneur. give me some details on that. >> yeah, this is fascinating. so the national bureau of economic research did this study. they looked at over 12,500 cases of people born 1957 and 1964 and what they said, rebellious and smart. just like bill gates. you smoke pot you drop out of school. you have a reasonable chance of making it as an entrepreneur. >> i guess. you either become a billionaire or end up in prison. either way, you're set for life, that's what they say. jeff, thank you. >> i guess that's the plan. >> live for us in london. >>> speaking of retail sales, i think some numbers come out on wall street today. this is pretty fascinating. stores right now, they can pretty much track everything you return. "usa today" reports companies say they are doing it in the name of security. they report 9% of all sales, this is billions and billions of dollars worth of stuff is returned and the tracking helps prevent fraud. wel

whether the man backing it is elna musk...e has physical ability and insight to accomplish seemingly impossible task autos another, today proposing a system called hyper loop to connect cities. pods traveling on small cushions of compressed air through tubes in a near vacuum poweredly electrical motors and kinetic energy they'd travel at hundreds even thousands of miles per hour. >> it would feel like being in an airplane. once travel agent speed you won't notice the speed. >> musk developed pay pal, transitioned space flight to commercial sector, and musk with his engineers developed a tesla electric car. >> what is fascinating to me about elan is of hyper entrepreneurs he says any system would be decades away. it's development, a product not only of engineering but a big project philosophy. >> among billionaires that is what status is. changing the world. be derailed. he foe sees pods leaving every 30 seconds. and he says today he plans to build a demonstration project. he did not say where. in san francisco, wayne freedman

he is elon musk who cofounded paypal which he later sold to ebay.he also cofounded the electric car maker tesla motors, which is giving conventional automakers a run for their money. and his company spacex built the spacecraft dragon and successfully sent it to the international space station. musk, age 42, is accustomed to thinking big and that has helped make him a billionaire. dozens of spacex engineers are working on the hyperloop which may transport passengers faster than any airliner. the hyperloop could transport passengers from los angeles to san francisco in a breathtaking 32 minutes. it could run parallel to the interstate highway. >> we need a transportation system that does not require petroleum to operate. that could be his idea. but he has to prove it. >> musk is a futuristic entrepreneur and more ways than one. his door is open for outside ideas. he calls for collaboration on his website. hyperloop is an open source program. it may seem like science fiction, but must points to his other innovative projects, all of which have been succ

he is elon musk who cofounded paypal which he later sold to ebay.he also cofounded the electric car maker tesla motors, which is giving conventional automakers a run for their money. and his company spacex built the spacecraft dragon and successfully sent it to the international space station. musk, age 42, is accustomed to thinking big and that has helped make him a billionaire. dozens of spacex engineers are working on the hyperloop which may transport passengers faster than any airliner. the hyperloop could transport passengers from los angeles to san francisco in a breathtaking 32 minutes. it could run parallel to the interstate highway. >> we need a transportation system that does not require petroleum to operate. that could be his idea. but he has to prove it. >> musk is a futuristic entrepreneur and more ways than one. his door is open for outside ideas. he calls for collaboration on his website. hyperloop is an open source program. it may seem like science fiction, but must points to his other innovative projects, all of which have been succ

musk says he's only releasing plans. he's not going to build the hyper loop or test version because he's too strung out, his words u running tesla. the word is full of millionaires who say they'll do something. musk said he wanted to build a rocket and here it is. he did. he sent three capsules, for goodness sakes, to the international space station. one blogger, and i can't remember who, has a plan. i think it's a good one. when musk reveals the hyper loop, everybody look unimpressed. you you know he has a plan for like a star trek transporter in the closet somewhere. that's what we really want. be like, oh, yeah. >> what else do you have, elon? >> anything else? interesting. >> the thing this guy comes up with. >> he is brilliant. like scott comes out, he actually puts them into motion and they work. >> pretty cool. >> always entertained by this guy. >>> it is 6:16. happening right now there's a fire burning in the tahoe national forest area northeast of forest hill. it has now crossed a fork in the american river. it'

some new ideas are coming in about elon musk's hyperloop projects . an update on this story. >> but first we have this look outside at the bay bridge approach. align welcome back. we want to get first of the weather and traffic. >> there is a motorcycle accident that is still blocking the to right-hand lanes of 580 westbound. this is a very bad spot. the biggest impact is not here on 580 which is not backed up. it is on 28 for the traffic is backed up to a rock ridge. it is hard stop and go traffic. there is still awaiting a tow trucks. this is why it is taking so long for it to clear. they need to get a flatbed truck out there. >> let's update the incident that we started talking about earlier in marin county. in marin county, 1 01 south bond a van when into a tree and not the tree and a power pole down. the right lanes closed because they're trying to clear the traccrash. it does not seem to be having an impact on the one on one ride. your ride to the bay bridge has no traffic. they have not activated the metering lights. your ride to the san mateo

meantime, let's trade tesla to elan musk babies in terms of companies that have started.r position in tesla is? >> i sold it. i don't want to make money riding a roller coaster. i dipped in. with all due respect this stock a roller coaster. >> i made money. i analyzed where the stock comes in, it should come in another $15. >> you are not looking to short it, though? >> no way would i short tesla. it's 25% shortages. >> how many cars are may they making right now? >> you want short at $198. it's $147. >> tesla, tesla. tesla. tesla. >> that is a freefall. you went in there. >> tesla. >> i love the laugh that went along, too. >> there was a lot of guy, no disrespect to you as well. you wanted to be short the name at $98. >> no, no, no, no, no, never. never. >> you would take 85 -- >> let's be clear. first of all, this isn't a stock i would item when i said i would look at it at 85 bucks, until it comes off its pedestal, they're making 900 units. they will make 200,000 by the end of the decade. i would not short this stock. >> the biggest mistake is they trade it off fundame

whether the man backing it is elna musk...as physical ability and insight to accomplish seemingly impossible task autos another, today proposing a system called hyper loop to connect cities. pods traveling on small cushions of compressed air through tubes in a near vacuum poweredly electrical motors and kinetic energy they'd travel at hundreds even thousands of miles per hour. >> it would feel like being in an airplane. once travel agent speed you won't notice the speed. >> musk developed pay pal, transitioned space flight to commercial sector, and musk with his engineers developed a tesla electric car. >> what is fascinating to me about elan is that he is of hyper entrepreneurs he says any system would be decades away. it's development, a product not only of engineering but a big project philosophy. >> among billionaires that is what status is. changing the world. be derailed. he foe sees pods leaving every 30 seconds. and he says today he plans to build a demonstration project. he did not say where. in san francisco, wayne f

so musk has -- he's not a crackpot.scientific background and an established business record. >> glenn, it's great to have you here. i hope that this gets done. >> me too. >> very, very cool. thanks for being with us. >> we appreciate it. up next, america loves a redemption story except when he this he don't. confused? crystal will make it crystal clear. stick with us. [ female announcer ] made just a little sweeter... because all these whole grains aren't healthy unless you actually eat them ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. also available anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." ♪ now you can give yourse

>>reporter: it wasç musk who developed pay pal.who transition space flight to the commercial sector. and musk with engineer who developed tesla electric car. >> what is fascinate to go me about this is that he is typical of this new generation of hyper entrepreneur. >>reporter: small futurist at stanford and he says this would be decade away and based on existing technology development a product not only of engineering but a big project philosophy. >> among billionaire that's what the status is. status isn't money. status is chang his system can not be derailed because there are no rails. he foresee this leaving every 30 seconds. and he said today he plans to build a demonstration project. he did not say where. in san francisco, wayne abc 7 news. >> that is a wild idea. interesting to see if it work. >> plant versus plant. coming up. growing threat facing the bay area billion dollar wine industry. who doesn't like parking at broken meter. well is it legal? tonight the governor makes his final decision on that question. spencer is h

elon musk is expected to share his plans for a new mode of high speed travel.n musk says the so-called hyper loop is faster than a jet and can get travelers from los angeles to san francisco in less than 30 minutes. he says the solar powered system would also be cheap and travel at speeds greater than 600 miles per hour. others sea it's more like a niewm attic tube that uses air pressure to move things quickly. he will publish the link at 1:30 this afternoon. ep he has no plans to build it himself. the plans will be open source. >>> a jet skier was killed yesterday near betle island when he collided with another man on a personal watercraft. the accident happened around 1:45 in eastern contra costa county. the man who died was 57 years old. the sheriff's department says both men have limited experience with personal watercraft and were not trained in water safety. >>> a wildfire in the tahoe national forest has burned 800 to 1,000 acres. the fire started saturday afternoon. it's not near any heavily populated areas and there are no evacuations. it's been dubbed

musk with his engineers developing the tesla electric car. he's not pairngtsly a person standing on past accomplishments. >> after you'd made your first billion dollars the second billion isn't going to do much for you. and if you want to really compete among your peers to show you're the smartest kid on the block you're going come up with bigger projects to take on. among billionaires that is what the status is. it isn't money. status is changing the world. >> the pods could leave every 30 seconds. as to cost, well, maybe $10 billin. the hyper loop system would not happen for keck yaids but i did say today he does plan to build a demonstration project he did not say where. so we have something to look forward to. >> that is pretty cool. >> very cool. >> thank you very much. >> spencer was saying almost the same thing to me after his first billion, the second billion just didn't do much for him. >> i'm not going to work on the second billion. it's not worth the time, i think or investment of energy. coast but mainly sunny skies. here is a loo

elon musk.cott mcgrew says it's caught the world's attention gentleman because he has the technical chops to be taken seriously, good morning. what is the hyper loop anyway. this is animation from our sister station in los angeles. one concept of what it might be. some type of compressed air tube not unlike the tubes that banks use at drive through windows. musk talked a little bit about the hyper loop in last week's public web chat with virgin founder richard branson. if anyone can build a magic sell the of tubes, it's elan musk. he says he's far too strung out, his words, with tesla to actually build it. he's going to provide the plans, walk people through in a teleconference this afternoon. as you guys know he's quite remarkable. here's a guy who decided to build rockets. he did that with space-x. sent capsules to the international space station. ayman launch soon. he's the chairman of the board $g2t) solarcity, a very successful company. in his day job he works at tesla. not bad at all. bac

will elon musk blow past gm and ford next? a venture capital giant and tesla and spacex board member joins us exclusively coming up. >>> plus a landmark settlement between the nfl and former players. they will get $765 million for concussion-related injuries. two former nfl stars including a two-time super bowl winner is here for reaction. >>> "who made money today." the company he founded helped him zip up 402 -- $42 million. find out who it is. even when they say it's not it is always about money. melissa: we start with syria tonight and all new developments on the situation. the u.s. moved a fifth u.s. naval destroyer into position in the mediterranean. we're on the verge of attack after the horrifying chemical gas attack that killed at least a thousand people but how long will being on the verge last? seems like there's a lot of tough talk. not sure if that matters if there is no action that follows it. let's turn to the experts with more. we have former state department senior visor. mike baker former cia operative and he

. >>> plus, what one bay area transportation leader is saying about elon musk's proposed hyper loop. >>> scientists at cal berkeley figure out what kind of cars jerks drive. we will take a look coming up in business and tech. >>> as the fall semester kicks off for many schools across the bay area that late summer sizzle heats up. we will have your full forecast when nbc bay area news at 11:00 comes right bang. do you see the 10% back in points, aw baby, i'm seeing triple again. plus another 10%, plus free shipping? yeah. you're good. this is the member triple play deal. this is sears. >>> emergency crews in florida are keeping a close eye on a sinkhole that swallowed part of a resort in disney world. nbc's kerry sanders has the latest from clear month. >> remarkable everybody got out alive, especially when luke that the three-story building that opened up under cover of darkness, most people in bed, many asleep. the reason they were able to get out alive, without injury, was one man, a security guard who discovered what was going on and then jumped into action to save lives. >> the b

elon musk's high speed transit concept is up for grabs. musk has a blueprint, but is asking entrepreneurs to step forward by going to "jump start fund" dot com. the site combines crowd sourcing and crowd funding for people interested in developing the hyperloop as the ceo of tesla -- musk says he's too busy to take on the task. tablets are hot sellers for tech companies.. but idc is trimming it's tablet sales predictions. tech crunch reports: orginally idc forecast 229 million tablets will be shipped worldwide this year. that number is now lowered to 227 million. smartphones with larger screens known as phablets-- and smart watches are expected to threaten tablet sales. rumors of an i-phone trade-in program could become a reality today. apple watchers 9-to-5-mac report that the trade-in deal may happen today in some stores. the program let's consumers trade-in a phone for credit towards a newer version of the i-phone. the la times says employees at t-mobile are not allowed to take september 20th off...a possible indication that's when the