did musk and tesla get off easy? >> the end result for musk and was very, tesla positive. the concern was if he was no longer ceo, the company could suffer, it could hurt employees and shareholders and car owners. i think this is an excellent outcome and allows him to be ceo . the company needs to have more governance in place. this may notore, have happened. i think it is good for the company that they separate the role.an and the ceo they are adding 2 independent board members, and i think elon musk is lucky and this is a great outcome for him in the company. emily: you role. they are adding 2 expect separae chair and ceo roles will have an impact at the company, where it elon musk's larger-than-life? appear to be moderating his behavior. dana: he is still on the board and could be reelected as chair in three years. it is a timeout from the chairman role but he is not banned for life. what matters is, who are the independent directors going to be? is the independent chairman going to be someone existing or someone new? emily: do you expect this will have an impact on the

dana: musk needs to be profitable.e said on the last earnings call that he expects to be sustainably profitable in the second half of the year. if they have a strong delivery actuallythey might show a quarterly profit, which would be the first time in several years. emily: all of this considered, we now have some suggestions on independent board members. we will speak with gene munster later in the show. he is suggesting al gore as a potential chairman for tesla. what do you make of some of these names thrown out there? ivan: i think somebody that is from the auto industry as chairman would really be more positive than somebody like al gore, who is outside the auto industry. emily: like who? ivan: bob lutz, even though he has been very critical of elon and tesla, but there are a number of retired and even current executives that would be very additive to the company. emily: what are your reactions to the names we are hearing? dana: there needs to be another woman of the board. somebody with utility experience. traditio

this was a good day for musk and tesla.how much better do you think the tesla story can get? mr. gerber: this is the beginning of what will be a historic run for the company over the next five years. story can grow exponentially as they now accelerate production plans in china. china is really all in on the easy -- the ev story can grow exponentially as they now accelerate production business d being the only 100% u.s.-owned company in shanghai is a huge opportunity for tesla to make a fortune in one of the best ev markets -- it is the best ev market in the world. of the truck,nch hopefully the roadster soon, continuing to ramp up their growth at a level we have not seen really from any tech company recently, but especially any car company. emily: you have other carmakers questions ifels, tesla can continue to service these cars. now that they are out there in the wild, can tesla keep it up? mr. stadler: i think it's a great question. they have a very different distribution model, a lot of owned dealerships. i think you rai

musk's communications. that includes what he puts on twitter. so teslaill now be expected to keep musk's tweets in ch tk. >>nk that he may be tweeting as much. but what they are trying to do is to makeure that there is oversight of substanti tweets. >> reporter: with the sec investigatio over tesla and musk can focus on three key issues, first growing model 3 t deliveries meet loft eexpectations. second can tesla finally turn a profit as musk as promised. finally, will tesla need to raise more money as it expands eserations? analysts believe can clear those hurdles with musk remaining in charge of the compan >> having him remain ceo is critical. because the company essentially is at war right now, war in terms ofti get to profitability and producing model 3s at a scaleable rate. >> reporte if tesla can successfully ramp up production and sales it could be on the cusp of sustained profitability. yet one more reason elon musk's settlement with the sec is critical tohe automaker's fure. phil lebeau, "nightly b

elon musk -- >> tesla owners like it?are lucky enough to have a tesla, you certainly love that tesla. this self-driving capability has yet to arrive. there is not actually indication that self-driving is safer like he said it would be. so i feel like tesla is going to approach those levels a bit like facebook and other companies where people used to love it and then start distrusting it. >> one big change, the company will have oversight over his tweets? isn't that the case for almost all ceos out there? i can't think of another company whose ceo goes fully rogue. especially public companies. they are so careful. >> most ceos listen to their lawyers. the big difference with elon musk, a bit lick donald trump, don't listen to their lawyers and they tweet what they think. that's never a good idea if you are in that public role. >> well elon musk isn't going anywhere and the story is sure to get more exciting. felix, thank you. >>> coming up, eight supreme court justices are taking to the bench this morning to kick off the n

we get the impression from elon musk you does not like that idea or that thought. him to come up with someone pressure on him to come up with someone who is considered to be external and independent enough, while being close enough to the family, well, to the company, also, to be able to accommodate him as chief executive. allow tesla to continue and elon musk to do his thing. the front page of the times. employers must reveal ethnic pay gap of staff. theresa may is drawing up plans for workplace social justice. really interesting. when we had our gender pay gap drama here at the bbc and it has been elsewhere, it has had huge applications for many companies in the uk, i thought about this very issue. it is notjust about gender, there are a lot of issues. ethnicity is one of those issues. ethnicity is one of those issues the governance is looking at now. i guess one of the problems for employers will be to come up with detail that is valid and viable. 0ther detail that is valid and viable. other than your gender you are not required to disclose your ethnicity when y

this coming after elon musk tweeting controversial comment rebranding the sec as quote, short seller enrichment commission. very clever. charlie gasparino with his reporting. >> that sounds like you are part of the short seller enrichment commission, aren't you, melissa? you're kind of a negative person, aren't you? melissa: what? >> i'm kidding. david is stock promoter. david: only buy stocks. melissa: you have a story, charlie. let's have it. come on. >> musk attacked sec five minutes after our story there is still an on going investigation into tesla and into possible misstatements on their financial reporting, whether musk was untruthful about his, i guess prognostications that tesla would become profitable. it is still not profitable. whether he was truthful about the boasts, meeting product deadlines on the model three. that is their newest car, one designed for the masses and a lot of those production

elon musk has been in a lot of hot water.tweet that he put out that they will ta ke tweet that he put out that they will take the company private when it turned out that he did not. they need to find a new chairman. that was one of the consequences of that tweet. the authorities saying that they need to remove him as chairman and chief executive. what is your ta ke and chief executive. what is your take on that? i think it is important that he is only stepping back from one of those roles because whether or not you like him he still driving force within the company. and his brains, they are important as well. absolutely. it is important to keep in there. that they do need somebody else in the leading role. somebody who knows the company as well, i guess you cannot nod as well as he does, that someone who does know the company. that the idea is that the chairman has to keep elon musk in check in terms of his maverick style behaviour, of not sticking to the rules. there are questions about who may be offered to ta ke questions

ll >> reporter: s musk is boring straight ahead. reputation for delivering on his promises, though sometimes missing the original deadline. despite the critic musk is convinced the future of commuting is down there. tom costello, nbc news, los angeles. >>> up next, inspiring america. the would be bride who gave her special day away to complete strangers. many d keep us apart. so i talked to my doctor about humira. i learned humira can help get, and keep uc under control when other medications haven't worked well enough. and it helps people achieve control that lasts. so you can experience few or no symptoms. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, a

>>> elon musk sets an opening date for his first underground transportation tunnel next. (music throughout) >> now at 11:00 a civil rights controversy building tonight after a leaked memo from the white house. it could mean big changes to the definition of gender. experts believe the move could jeopardize the rights of more than 1 million transgender americans. >> kpix5's betty yu in san francisco's castro district for us tonight. >> reporter: this draft memo was obtained by the new york times and it stated that this proposal to essentially get rid of the transgender definition could go before the justice department by the end of the year. the trump administration's leaked memo puts the protections and federal recognition of 1.4 million people in america who identify as transgender at risk. in it the department of health and him services says sex person based on immutable biological traits identifiable by or before birth and it says, "the sex listed on a person's birth certificate as originally issued shall constitute definitive proof of a person's sex unless rebutted by

and $40 million fine half tesla, half musk. will this do it? victory this is a big for tesla investors are in the stock because of elon musk. the outcome of the investigation is that he is still going to be there. have a reducedly capacity by not being chairman, but he is still the man controlling the levers. that is what investors are betting on it at least for them, they will be happy with the outcome. david: i would say there is a lot of criticism of relation in washington. is this it example of the sec doing its job? they got in pretty quick, wrapped him on the knuckles. you're right. it's not only doing her job but it's a creative way to implement change that also implements -- that also protects investors. david: romaine bostick and marty schenker, thank you. recapping the news about general electric. ceo ofe culp is now the general electric. harvard law all right now. he has a reputation of being pretty creative in dispositions, acquisitions and allocating capital. taking andnouncing non-cash impairment charge related to

so is this elon musk just being elon musk?et's bring in "wall street journal" tech and auto reporter tim higgins. tim, we have spent a lot of time lately talking about elon musk. is this what we have come to expect from musk? eccentric and erratic? >> reporter: i think his tweets surprised even people close to him. look at investors' reaction today, the shares just plummeted yet again as it's been a roller coaster for the last couple of weeks. if you are following tesla stock or you're following testla, you know the question is, is -- tesla, you know, the question is, is anyone going to take the twitter away from elon musk? >> that is part of the sec deal i mentioned. the settlement is not a done deal as we have been reporting. it would see musk relinquish his role as chairman for three years and have his tweets monitored. it's still to be approved by a court. do you think that yesterday's tweet mocking the sec could jeopardize this deal? >> reporter: i talked to a lot of legal experts in the last day or so, and, you know, the

and this is what musk didn't realize. >> is musk comparable to steve >> i don't think so. was ousted in 1985 by his board in a way that the board of tesla did not do to musk it was a very good learning experience for steve jobs. he comes back in the late '90s and creates the most valuable company on the planet. i think steve jobs was much more disciplined, much more focused, and in some ways had a magic to him in a way we've not seen in the building of tesla cars at the moment in terms of producing them, not consuming them he knew vision without execution is just a lugs nation. that's why steve jobs had people that could execute >> i'm not a -- i don't twi. tweet while intoxicated or is in >> in this day and age -- you don't see any good tweets. >> you step out more than i do on twitter >> i don't know, i just look at -- >> don't you think it is destructive? >> satan is down there >> and everything. >> it enables people to be just gravitate towards their own try. >> it brings out a lot of good of human nature but there is always bad >> you can put it on and you're anonymou

click, call or visit a store today. >>> elon musk at it again on twitter.la ceo mocking the sec in a tweet saying, quote, just want to say that the shortseller enrichment commission is doing incredible work and the name change is so on point. the post is missing a word i put it in there. musk continued his attacks on shortsellers in additional tweets saying what they do should be illegal. joining us, roger mcnamee, and mike volpe elastic, you hear them cheering behind us every now and then gentlemen, welcome to you both roger, the tweet read like a middle finger, not only to the sec but perhaps to board members who are trying to rein musk and his tweets >> i think the whole thing is so sad. first, the public market has been incredibly good to tesla and elon musk. and the motion that all of these shorts, the shortsellers have been wrong consistently. that's been fantastic for the stock. being mad at them strikes me as completely pointless i think the other thing is he should have been very happy about the settlement there's a court review going on now. i can

despite the critics, musk is convinced the future of commuting is down there. tom costello, nbc news, los angeles. >>> up next, "inspiring america." the would be bride who gave her special day away to complete strangers. a fire is burning ina high-rise apartment in san francisco. we )re live at the scene. and a mayor on the peninsula says there )s no traffic problem in her city...but the residents are trying to prove her wrong. next. >>> a texas woman is making headlines with her generosity toward a couple she never met before. instead of giving them a wedding gift, they got an entire wedding. an act of kindness that's "inspiring america." when kolbie sanders called off her wedding >> i didn't want that day to go by andanybody else wedding venue to a complete stranger in need, posting on facebook, thisfo other and will continue to choose each other for the rest of their lives. like hailey hipsher and matt jones. >> i said that my grandfather has stage iv pancreatic cancer and he wasn't even supposed to make it this far. >> so, let's begin. >> after hundreds of

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can elon musk keep delivering? that is next.nd if you like bloomberg news, check us out on the radio, listen to us on the bloomberg app, bloomberg.com, and sirius xm. this is bloomberg. ♪ ♪ emily: tesla shares soared. this after reporting third-quarter results on wednesday. tesla usually gives two weeks notice when earnings will drop, but this time the company gave barely two days. as elon musk hinted, tesla has made money. the company's net income was $312 million. analysts expected a lot. and get this, positive cash flow of $881 million. tesla made an average of 4300 model 3's a week, with 455,000 people expressing interest. if elon musk can keep selling that production, big revenue and real profits. we break it all down. >> the big thing is obviously they are profitable. huge, the first time they have been profitable since the third quarter of 2016. so it is their third profitable quarter ever in their history, but demand is still really strong. that is the surprise. the bear thesis is they pulled 2003,l of the stops in and t

. >>> and elon musk punished by the feds. his penalty for tweeting about fess tesla, and the way it could affect the car maker's future. you could generate your own energy, at home. or to save energy, unplug unused appliances. do your thing, with energy upgrade california. of the country )s >>> our top story right now for you this midday. governor jerry brown with one of the country's toughest protections for you when you go online. the feds are filing a lawsuit against california's new net neutrality bill. it blocks or slows down data based on content or from video streaming systems from companies that pay extra. >>> and a bill aimed at streamlining housing developments around b.a.r.t. stations is also getting the green light from the governor. supporters say that measure will fast track proposed projects. as mercury news reports, b.a.r.t. is working to develop and to build nearly 4,000 apartments and townhomes at 13 stations. already 2,000 have been built. >>> and happening today, attorneys for the former leaders of the inf

there has been so much discussion about elon musk.t saying he is a leader and a liability. looking at him as a leader, he is out as tesla's chairman but is that the chief executive, still very hands on. he is tesla. tesla would not be around without elon musk, similar to steve jobs and apple is to be he is the fountain of all knowledge behind the brand and the person who drives it onwards it. yesterday in trouble as a result of certain things he has put out on twitter, market reactions to that, saying he would take the company private, which turned out to bea company private, which turned out to be a joke. and he company private, which turned out to be ajoke. and he has company private, which turned out to be a joke. and he has the funding for it. it turned out to be a joke for it. it turned out to be a joke for his girlfriend ‘s benefit, based around cannabis culture. it is all very, very silly, but obviously has an impact on people who jump very, very silly, but obviously has an impact on people whojump in and say the stock is going

musk and tesla agreed to pay $40 million to settle a lawsuit alleging musk misled shareholders aboutyout. the case was triggered by a tweet in august. he indicated that ahead financing to take the d -- that he had financing to take it private. and he didn't. under the terms of the settlement musk can remain as ceo. >>> and for the first time in two years pure comedy has topped the box office. >> i have been waiting to get a pint sized little man to fill this out. >> get your chicken from the lord. >> kevin hart and tiffany haddish's "night school" premiered. hart returned to school. and small foot came in second and then the house with a clock in its wall. anne-marie? >> diane king hall, thank you so much. >> thank you. >>> still to come, new help for the hearing impaired. >> this is the largest hyperbaric chamber in the northeast. i'm john schiumo with how it's helping patients with sudden hearing loss. northeast. i'm john schiumo. how it is helping those with sudden hearing loss. new d-con. so d-licious mice risk their lives for it. now 10 times tastier to mice than the lead compet

speaking of buying, elon musk is doubling on tesla. if history is any indication it may be a buy signal for the stock. prohibitition for pot in canada. that's over. the dedra boss is in new finishland for the day. >> you got to make the decisions moon beam or palm tree these are the varieties on sale as canada ushers in the era of legal pot we bring you around the country to show you celebrations including a gigantic cannabis bud that dropped at midnight and some say legalization is hoff baked. we'll be back soon your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> well back to "fast money." tesla ceo ee lop musk saying he is buying $20 million worth of tesla stock. but even with the vote of confidence the stock traded down about 2% phil lebeau joins with us the details. phil. >> melissa, that announ

this after elon musk was forced to step down. the company may be looking for next. this is customizable streaming tv for your family. ...whatever size. it's saving money with flexible channel packs. live tv and the latest shows to stream. and all your streaming apps in one place - even netflix. this is how xfinity makes life. simple. easy. awesome. get started with xfinity internet and tv for just $34.99 a month for 12 months and customize by adding flexible channel packs. click, call or visit a store today. mechanic: midas has all the top king: yes! indeed.ires. take these michelin tires for example... king: or these goodyear tires over here! now at midas, get up to $200 off select goodyear and cooper tires with the midas credit card. request your appointment today. back to the kron four morning news... lets start the half hour with a check of weather and traffic... another comfortable day with most temperatures across the region another comfortable day with most temperatures across the region peaking in the 60's and 70's. skies

ramy: basically, elon musk has been on this war of words, this very public war with short-sellers.the bloomberg terminal, and i want to show you this chart that shows you the short interest for tesla over the past several years. right now, it is hanging out at just over 26%. this has not been falling, and has been rising through the second quarter as investors and analysts have been saying we are not sure if elon musk will make that 5000 vehicle for week mark. but now, it is interesting because as elon musk has been tweeting after hours, he continues to pull the stock down. that empowers the bulls. i want to read you a couple interesting tidbits. tweet,he funding secured they gained $1.2 billion in the two weeks following that. how could we forget that elon musk smoking marijuana in that day because their shares fell, and investors reportedly gained a little more than half a billion dollars. because of all his tweets, we see tesla continuing to fall. meme, wew that it is a cannot ever forget it. waiting for the next installment in this drama. we are getting an alert across the bloo

for years, i have doubted musk. there are so many things that tesla said they were going to do and i laughed. so sure enough i think the guy , is the quickest settlement ever with the sec. he got them to work on a saturday. when he said they would be cash flow positive this quarter, i am not going to doubt it. i will wait and see. >> we need to put tesla in the context of the bigger automotive picture and to demand as well. auto sales have plateaued. they peaked in september of 2017 of 18.4 7lyzed rate million, so would tesla be subject to the same industry headwinds, cyclical headwinds? >> no. that is the amazing part about it. that is what surprised me. not only is tesla eating from bmw, mercedes and audi, but also from toyota and honda. people pay more money to drive a tesla. it is a revolution i underestimated, the way people are buying these cars. so the numbers you are talking about are 100% true for other automakers, not for tesla. it is what it is. >> talk about getting out there, running the models -- >> th

that's what elon musk is telling employees. the justice department suing california fortrying to reinstate new net neutrality rules. >>> the death toll continues to rise in indonesia following a major earthquake >>> gold just did something that it has not done in 30 years. we'll tell you what that is on this monday, october 1st, as "worldwide exchange" begins right now. >>> well, good morning, good afternoon, good evening and welcome to october and the fourth quarter as well i am brian sullivan. it is a very busy monday with a lot of ghusd for your investments. look at this this is not a misprint, folks. dow futures are up 217 points right now. the markets are set to take off and it's because of this the united states and canada creating a united states, mexico, canada agreement unwieldy but futures are moving higher on the news let's get to tracie potts live in washington, d.c. with more deals. >> usmca new deal, new name. it sets up trade parameters. here are the highlights as we know them. we got the text a few minutes ago.

. >>> elon musk strikes a deal with the s.e.c is this proof that you can't bet against musk >>> this value trade or value trap the chairwoman has three things to look for. >>> crypto universe, chris giancarlo is here to talk all things bitcoin and regulation. for all you ether fans, stay tuned. live from times square in new york city. ♪ not long ago, ronda started here. and then, more jobs began to appear. these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town. energy lives here. 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

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. >>> tesla ceo elon musk making another big announcement we'll tell you what he said about the model 3. >>> and paypal popping after a blowout quarter. >>> and lotto fever sweeping america. the mega millions jackpot nearing a record $1 billion it's friday, october 19th. "worldwide exchange" begins right now. ♪ >>> all right. good morning welcome from wherever in the world you may be watching. the markets are dancing a bit. hello, i'm brian sullivan. stock futures indicating a slight rise at the open. what a week it's been. we were up 500 one day, down 300 points the next. right now indicated up but anything can happen. it's a wild week the only thing certain is that volatility seems to be back in the market the benchmark ten-year yield, it rose, it paused, a slight uptick, now down again 3.25 is the number you want to watch on this. big stories this week have been in asia. overnight the -- here's the news, the chinese economy slowed the fastest in a decade, the shanghai rising. hang seng up as well nikkei fell. european markets in the red. italy, weak link down 1.2%. france, cac 40 d

opened their investigation last week into tweets musk sent in august about taking the company private if and when the stock price reached four hundred twenty dollars musk tweets were apparently aimed at harming short sellers of tesla stock mr musk will remain as chief executive at tesla and the company has effectively built its brand around the erratic south african billionaire it is unclear whether the tesla board will step in to check mosques and pulse of behavior as seems to be inviting them to do or whether tesla can survive without musk's celebrity aura. and we are here at the forbes under thirty summit in boston and we're pleased to be joined by steve the lensing who is the c.e.o. of growers he's out of north carolina and boy what he's doing is interesting theories combining technology and agriculture stephen welcome welcome to boom bust thanks for having me and stephen how do you merge agriculture and technology what's your secret sauce so we hire a company that takes all the data that's being generated on the farm whether it be for machinery or for something some soil sensors

yield-- stocks tank, and as the -- bills, elon bills musk has a few days left before -- how long will canada last -- >> let's get you started with a quick check of the major averages, we are seeing stocks and bonds falling together again, the 10 year yield has dropped 3.2%, the dow is falling and at the lowest level in almost a month. the s&p 500 is also at a seven-week low, most sectors in arered, luxury good makers saying that china is in fact in forcing strict custom rules, so trade tensions remain high. we are seeing the vix index gaining for the fifth consecutive session, the longest winning streak since january and the highest level since june. amanda: one of the questions you ask on a day like this is if this is a short-term phenomenon. take a look at your terminal behind the volume of the trading we are seeing today. the s&p 500 volume specifically. you can see it is that high levels -- it is at high levels. to the ideaotion that is more than a knee-jerk reaction, we are not seeing huge moves in assets, which you might expect to see is the beneficiary of the selloff of stocks.

also in the programme — musk undaunted.he tesla boss says the electric car—maker is "very close" to profitability. it comes as the billionaire is fined and stripped of his role as chairman over his go—private tweet. the markets are open and looking pretty mixed in europe. and the market for so—called "wellness holidays" is in good health, growing by around 9% a year. we'll get the inside track on the latest innovations for those looking for a body overhaul in an exotic location. we will hear from a company who's been doing it for over 30 years. today we want to know, to tip or not to tip? the uk government has announced plans to ensure waiters and waitresses get all the tips given to them. we want to know what the tipping culture is where you are? do you always tip? and if not, why not? tell us what you think — just use the hashtag bbcbizlive. hello and welcome to business live. we start with a breakthrough between the us and canada in the renegotiation of the three—way nafta trade agreement with mexico. it went to the wire

attention. >> we know that elon musk hasn't exactly been contrite in recent days, but when it comes to tesla 's prospects, is basically

and twenty dollars musk tweets were apparently aimed at harming short sellers of tesla stuck mr musk will remain as chief executive at tesla and the company has effectively built its brand around the erratic south african billionaire it is unclear whether the tesla board will step in to check mosques impulsive behavior seems to be inviting them to do or whether tesla can survive without musk's celebrity. and we are here at the forbes under thirty summit in boston and we're pleased to be joined by steve the lanson who is the c.e.o. of growers he's out of north carolina and boy what he's doing is interesting where he's come buying technology and agriculture even welcome welcome to. their base rabbit and stephen how do you merge agriculture and technology what's your secret sauce so we are a company that takes out.

close plus, truly historic is how elon musk is describing tesla's third quarter. can they do it again and again? softbank was a no-show in the desert, and what this means for the future of ties to saudi arabia. it was a huge week in tech. it started with a surprise third-quarter report from tesla. to kick things off with amazon after the bell. revenue, look at the notspending part we are worried about much. we expected spending pressure across the board. the biggest hike issue is one of the uncertainties. from the business perspective .here two areas for weakness one is whole foods physical stores. and there is one area where may be the physical push is not growing as fast as we expected. the second is international growth. that slowed down materially, not to mention a change in the holiday season for india that pushed out sales, but that becomes a worry as well. if you take those 2 things out of the equation, they did fine. there was slight growth rate decline for the last couple of quarters, but in what we are seeing so far, these are the 2 areas. >> what do you

musk mocked the s.e.c. in a series of tweets.iterally just days after settling fraud charges he tweeted the short seller enrichment commission is doing incredible work and the name change is so on point. the post, we should say, is missing a word he was saying just want to say the short seller commission. >> he doesn't know when to stop. >> and where is the board? two other things took place. musk called out blackrock and other financial firms for pocketing excessive profits for helping short sellers. we should say that cnbc reached out to blackrock for a response. we have yet to hear back the new tweets come after musk reached that settlement with the s.e.c. under terms after that deal musk will step down as tesla chairman for the next three years and they could vet his social media posts. >> this was not that >> this was not that the southern district court will judge whether this deal was fair and reasonable they have rejected some of these settlements before so there's a real issue about what could happen. the judge could say

why elon musk? >> he is t funniest and the weirdest and the most postpone ima -- the most pub a lot of them hide in their billion dollar lairs. th is out e, he is tweeting and doing stuff. i figure, you know, if you are n the public sphere, you will get mocked abut. >> in your book, you include a number of what you call inirational quotes fro elon musk, and one of them is, the key to success is to a yourself, what is the most ludicro ludicrous, most futile thing i can do and make it happen. you don't like any of his ideas? >> oh, no i think his ideas are cool. on some level, you have to know that you satyrise, and you have to fin ridiculous. if it's too mean spirited, it's not funny. >> have you heard from him? >> e, but has been poaching writers from the onion to create a secret comedy enterprise or something. i know a lot of the people who he has poached. and i can see, like the project, what is going on? radio silence. >> he is writing a book about you. everyone knowsbout . he is shoveling them t

and elon musk appears to mock the fcc.york stock exchange with that and more. good morning, diane. >> good morning, anne-marie. all eyes on the job market this morning with the labor department set to release the september jobs data. the economists are predicting that employers added 185,000 jobs last month. that includes hiring by government and private companies. the unemployment rate is expected to dip to 3.8%, matching an 18-year low. >>> stocks on wall street fell amid investor concerns over rising interest rates. tech shares took the biggest hit. the higher interest rates can eventually slow econom usowcoicrore h g expensive for consumers and businesses. the dow lost 200 points. the s&p 500 fell 23. and the nasdaq skidded 145 points, the biggest loss in three months. >>> jbs, an arizona meatpacking plant, is voluntarily recalling more than 6.5 million pounds of beef due to possible salmonella. the products include ground beef and beef patties shipped to retailers nationwide including walmart. the recalled beef is mar

haven't gotten his take on the drama that surrounded the company and onel musk.nute dow is up 217. oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies lead with digital. get ready, because we're helping leading companies what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ . >> let's get to cramer in stop trading. >> there's a note from sweat suisse saying that t

back on the gas after elon musk's drama. shares soared, recovering all of friday's losses. >> let's get a quick check of how mondays session ended here in the u.s. the dow gained for a third consecutive session. the s&p 500 led higher by commodities, also utilities, as well as industrials. it was all about that trade the 11thwe saw after hour agreement between the u.s., canada, and mexico. we saw the nasdaq move -- lose 0.1%. oil gaining ground on just concerns over a slowdown in u.s. drilling. as heidi mentioned, it was also about small-caps. the russell 2000 falling by the most since july, domestically focused stocks taking a it as we see -- a hit as we see better prospects on trade. hery, we could be in for a mixed session in asia as well. what's happening for japanese futures. they could be nudging lower well the nikkei 225 is trading at a 27-year high and the yen is at an 11-month low. plenty of strategist are bullish -- strategists are bullish on japan. abere waiting to see shinzo 's announcement when it comes to his r

musk bullish on company after the settlement. this is e-mail you're looking at that he sent to the weekend. one more day of going superhard core and victory is hour and achieving profitability so trying to get cars out as many as they could before end of the quarter. tesla troubles are nots over. we're going it discuss is risks ahead to the company a little bit later in the show. >> stockses still good in premarket that's the big jump for them. well there's no letup in the fight over supreme court nominee brett kavanaugh. an agreement to investigate sexual assault allegations against him has now sparked controversy over the scope of the probe. democrats are charging that president trump and republicans are putting stretch limits on the fbi probe. but white house press secretary sarah sanders says white house is not involved. >> the white house isn't intervening or micromanaging the process but it is a senate process that has been from the beginning and we're letting senate to continue to dictate what it looks like. jeff flake of

those: and some of problems are not just the many antics that surround elon musk, and ongoing issuesround that but losing key personnel and board changes. when he to be done to reassure that this is operationally running on four wheels? >> you would like to see the brain drain stop at some point. but there is some kind of consistency, or steady-state leadership at the top supporting elon musk in that leadership team. but we continue to see executives leave. and also, coming back to the financials, the liquidity and sustained profitability is key. we going to see a third quarter where the model three probably sold at an average price of 55 to 50,000. they need to make a profit at that level. they have announced a mid range rearwheel drive that will sell at 46,000. they will start selling those lower margin vehicles. they frontloaded higher-margin vehicles in the front more -- the from quarter. it will start delivering lower margin vehicles, and they need to show that they can build at volume profitably, and they have to clean up these service center issues and delivery issues. the log

elon musk insists tesla has no need to raise new capital.stretton, motoring editor at confused.com. it's nice to see you again. he has delivered this time, quarterly profits, shares went up. the question is, can they keep it up? firstly, it's great that they've managed to sort out production issues and get cars rolling off the production line in a timely profession and delivering but will they be able to maintain it? that's what the profitability depends on. the hinge factorfor what the profitability depends on. the hinge factor for success on the company. there is a lot to be seen. they are starting to encounter some problems of a volume manufacturer. before, they had been small. and one of the problems of a volume manufacturer is problems with recalls. you cannot keep a close eye on the production process in the way that elon musk has says he's been able to or tesla say. he is involving the company? recall is a serious issue. many people we have spoken to say that owning an electric car, people are put off by the cost but also reliability,

and now, he is aiming his wit at elon musk, in a new book, "welcome to tture, which is mine," musk is known to be the out spoken ceo of tesla and space-x, now scott is with us in the studio, nice to have you. >> nice to be here. >> there's aot of tech giants you could have chosen for the book. why elon musk? >> he is the funniest and thest weirnd the most postpone lia -- the most p image. a lot of them hide in their billion dollar heirs. s out there, he is tweeting and doing stuff. i figure, you know, if you are in the public sphere, you will get mocked a but. >> in your lubook, you i a number of what you call inspirational quotes from elon musk, and one of themis, the key to success is to ask yourself, what is the most ludicro ludicrous, most futile thing i can do and make it happen. you don't like any of his ideas? >> oh, no, i think his ideasre cool. on some level, you have tonow that you satyrise, and youave to find them ridiculous. if it's too mean spirited, it's not funny. >> have you heard from him?no >> but he has been poaching writers from the onion to create a secret comedy

is, will elontion musk listen to anybody?ere somebody who can do that question mark has he learned from this experience with the sec? in addition to this settlement, we had him in emailing that they could be profitable this quarter and may need to make a hard push and they are close to profitability and is putting that out in an email. he's talking about profits so he did not put it on twitter which is good. he's still putting it out there and a lot of emails leak out of in the background and keeping things under wraps which is what the sec wants. anybody want that jake? ?- that gig i suspect it will take a while to change the behavior you have been talking about to gain trust of others within the company. on would you want to take that responsibility? >> that's a good question. you have seen a lot of executive turnover at tesla so everyone -- every time they hire someone new, i ask the same question. leave all the time after a short tenure and the answer is, as dennis tesla is an exciting company in the stock could be a big

fairly divisive person, though he has been very supportive of musk in the past.hese two names? have you had any conversations with them? not had any conversations with them, but i think they make a ton of sense for two reasons. take isase of al, his renewable energy is a big part of what he has been advocating for many years. i think tesla's mission, which may surprise people is to accelerate the adoption of renewable energy. there is the one challenge with his chairmanship, which is he is currently on the board of apple, which i think he enjoys that role. but to me he is the ideal person . the second, terms of bringing in as this ising ceo, at play, could be appealing to elon in the since the whole space industry, aerospace and is -- expertise on the manufacturing side i think would boat exceptionally well. either of those would be a home run for the company. and i think both of those are two people that elon would agree to, which is an important part of the equation. arey: tesla's problems certainly not behind it. we're waiting for an update on model 3 producti

that is according to elon musk. morgan stanley says the move is to speed up its earnings and it is more likely a positive sign that an adverse one in following researchersement, performed a surprise u-turn, saying he is long on the company. he has been a vocal long-term shorter of tesla, but now says, like a magic trick, well everybody is focused on elon musk smoking weed, he is quietly smoking the whole automotive industry. we'll hear from him later, but let's turn to bloomberg is this week's max for a full analysis. what is your take on why they decided to push up earnings so early, is this a positive store they want to tell fast? max: the conventional wisdom if you look at what is happening in the stock market and this morgan stanley note is that they pushed it up because they have good news to announce. the support for that is statements from elon musk that came at the end of the quarter and general intuition that, why would you want to push up that news? the only caution i will say is it is a little dangerous t

keeps the genius of elon musk at tesla. tesla produced 53,000 cars last quarter meeting the production goal. musk e-mailed they were close to making a profit. a lot of folks have been telling him publicly and privately he needs a chief operating officer. he has the boring company. >> not boring. >> and he has tesla. you know, he raises a lot of money. this is good. >> perhaps back on track. >>> "early start" continues right now. >>> i wanted to be comprehensive. i actually think it's a good thing. >> we'll be voting this week. >> the senate leader has made up his mind on brett kavanaugh before the fbi finishes its work. but kavanaugh's drinking and whether he lied about it could pose a problem. >>> the first lady to africa on the first foreign trip. what will see hear following the president's controversial comments? >>> and a florida teenager back with her high school baseball team after being kicked off the