elon musk. what will one of its most controversial users due to fix the platform? this is bloomberg. ♪ taylor: twitter ceo jack dorsey wants to know how he could improve the social network. who did he go to for advice? elon musk. on thursday, dorsey spoke to elon musk in a video call in front of thousands of twitter employees. he asked elon musk to give some direct feedback. here to discuss is kurt wagner. how does this all, part where you have elon musk on a video screen live in front of twitter employees? offside --is at an off-site, a global off-site. he faced times elon musk. they have some issues getting the audio to work and eventually, voila they are talking and elon musk's face is on this big screen. taylor: what is the advice? >> you should do a better job of identifying real people on twitter versus bots or fake users on twitter. he says it can be really hard to get real feedback. are people who are complaining actual customers? people who have issues with tesla cars -- are they bots o

from one musk company to another go to live pictures 9. falcon it's the third mission since 2019. some uld be landing at point very soon as well. reading a couple of things here as well. will be landing the falcon 9 first stage with the i still love you drone ocean, 45the atlantic minutes after liftoff. vonne: 60 new star link satellites are going to be joining this mega constellation here today. that, of course, live, we'll bring you those live of ures there, yeah, a lot questions about how many more we'll see, this could be a busy musk, this is the first of the year. we are continuing to watch this land. in the meantime, let's watch the action when it comes to your markets. we're watching your m.m.r. function on the terminal. in terms of themes, you are seeing gold miners and a ot of the oil stocks that we saw yesterday that were rising are now kind of retreating. 3.5%, also down close to 4%. side, though, some we saw yesterday in south korea, some pretty decent gains and the cosmetics are up close to 6.5% today. a little bit of a mirror

the price yusaku maezawa billionaire elon musk.zawa agreed billionaire elon musk. the price yusaku maezawa agreed to pay for his basic it is not known, but according to elon musk it was a lot of money. what do you think, sally? i am not going to put my hat in the ring but i know plenty who might... # fly me to the moon, let me play among the stars... you have a beautifulvoice, rico. we shall see you very soon. i have tweeted that story as well, if you want to apply. now let's brief you on some other business stories. german engineering group siemens says it is committed to a controversial coal mining project in australia's outback. this comes amid mounting criticism by climate activists, following recent wildfires in the country. siemens was awarded a contract last year to provide signalling technology for a railway line connecting the outback to an australian seaport. ford has a problem in china. its vehicle sales there fell 26.1% in 2019 as the us automaker continues to battle a prolonged sales decline in its second—biggest marke

that will be a lot of watching about the promises of elon musk. that goes with the coronavirus as well. >> unbelievable to see those shares close to $640 arjun, while we have you the other side of earnings is facebook that share said to sink this morning. we are hearing from analysts down grading to hold from buy and cutting the price target from $215. what happened here >> a pretty rough quarter. yes, it beat on revenue and eps but let's dig deeper costs balloons mainly because it is increasing its head count to deal with privacy issues on top of that, you had the operating margin for the year fall significantly you had net income slowing revenue growth is 25% year-on year that is sub 30% growth which is the concern posting 40% to 50% plus some of the risk comes down to the regulatory point hit from a fine facing a number of antitrust probes increasing talk about more regulation around privacy and data in the u.s. on top of that is an election year facebook has decided not to ban political ads. it drew a lot from the company you can expect that g

show you some images of elon musk dancing right now, elon musk celebrating the rollout of the model 3jim cramer, get his take on mr. musk's dance moves and maybe the stock as well. jim? >> look, i think he built that plant in ten months. that's extraordinary talk about 150,000 cars and 250,000 cars this car i think is he's got two models will sell like hotcakes and we keep hearing wait a second it's almost as big as gm and ford together. it could double. it could be a lot bigger than that the reason why is they have growth and this market thrives on growth. it does not thrive on value, so it does not thrive on ford's dividend which some people are worried about. i say dance all you want, man. you got it coming. you've done it you've succeeded in a lot of ways nobody else can >> i'm glad your wife drove one of those, likes them, because it got you wrong right at -- long right at the right time. >> it did, one of the luckiest things that happened caught most of the move because sometimes -- i was with the cfo of the company if they want $2 billion they it raise it like that my daughter

elon musk having a very good day. market value of tesla surpassing more than 100 billion, surging back -- surging past volkswagen becoming the second most valuable automaker. he can look forward to a huge payout if the stock sustains its rally. here with more is craig sydow who leave coverage of autos. we are comparing it to volkswagen. a company that has sold 30 times more vehicles last year. does this rally make sense? craig: a good 30 times more the metrics get a little crazier when you look at things like a simple profitability and revenue and so forth. for all the reason to be skeptical based on these relative value metrics, you look at even what volkswagen ceo herbert diess has said recently. he has talked about the idea that cars will become the ultimate connected device. mobile device. tesla, it makes more sense looking at what they have, at the products they have on the market. that they are valued where they are and this is a company that for all the attention on the range of electric vehicles, the performan

he asked musk to give some direct feedback. here to tell us more about musk advice is kurt wagner. before we get to the advice how did this come apart what where you have elon musk on a video screen? >> kind of a fun story, right? twitter was at this off-site in houston. they flew all of their employees in. jack dorsey from the video i saw looks like he pulls up an ipad. and he literally facetimes elon musk. they have some actual issues getting the audio to work. and voila they're talking on this big screen above jack dorsey's head and the employee base are watching. >> so what's the advice? >> the advice is hey, you should do a better job of identifying eal people on twitter versus bots or real face users. he said it will be really hard to get real feedback. are people that are complaining real customers? are people who are complaining have issues with tesla cars? what is that? when you can't tell a bot from a real person on the network it can make things difficult. >> there does seem to be a real issue. i feel like a lot of the hate mail, a lot of the negative comes on twitter. d

this is what musk had to say last night.. >> if you think i love the retail investors actually have deeper market insights than many of the big institutional investors and better insights than many of the analysts. charles: bottom line is do as much of your own homework as possible and do not, never let wall street force you to make moves that more often than not, you will regret in the future. elon musk called it, individual investors called it. if you missed our audience show, catch it this saturday, 6:00 p.m. eastern here on fox business. one of the amazing guests, liz claman. now over to her for her show. liz: thank you so much, charles. that was a very valuable town hall. i hope people catch it. in the meantime, breaking news, the wuhan coronavirus now officially a public health emergency of international concern. just minutes ago, the world health organization made the declaration at its news conference in geneva, switzerland. you see it now on the screen. the announcement comes after the virus made a gigantic leap in

eunice yoon has more >> elon musk definitely showed his enthusiasm for the chinese market and perhapsrs are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of tesla's model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. he also said that the model y demand he believed was likely more than all other tesla cars combined he sees future models made in china at this factory and aims to open a design center to create an original car for the global market. the plan is to raise the production capacity which stands at 150,000 vehicles a year to 250,000 and also comes at a time when the market here for the auto industry is slowing down, when the trade tensions between the u.s. and china are quite high, and when china is scaling back its aggressive subsidy program for electric vehicles. however, the chinese public reaction so far to this announcement has been -- probably will be quite encouraging for tesla. a

elon musk is in shanghai as the rollout of vehicles finally takes place. we are on the ground all morning. manus: it is daybreak europe. let us discuss the single bit -- biggest geopolitical issue in the world. for me, there is a divorce between market recalibration to risk on or less the risk off and retaliatory risk. let us have a live picture. the foreign minister from iran speaking in tehran. the attack made the world a less unsafe place. the u.s. is a more unsafe place. there are a number of other headlines translated by al jazeera. i is alling of soleiman big gamble and what happened was not an attack on iraqi sovereignty. it was targeting a man who was fighting terrorists. good morning. see thee certainly do rhetoric not necessarily backing down on both sides. this is one of the questions we are asking ourselves. if weather with the u.s. did last week was a great miscalculation and how that might feedthrough into rotelle tatian -- retaliation. are we going to see rational actors being more calm in the markets as we wait to find the answers? manus: m

elon musk, you see this? it's going viral.me of my family at a wedding when they've had one too many. anyway, he's celebrating, you know, making cars in china, selling to the world. susan li on all that. what do you think of his dancing skills? susan: i call it a daddy dance. you know, it's something that maybe i want to have not seen but unfortunately, have. but bit of a strip tease there, with the kt jjacket, loosening . neil: ballmer was a much better dancer. remember steve ballmer? susan: bill gates was probably a better dancer. regardless, look, tesla and musk have a lot to celebrate because they did roll out their first model 3s in shanghai and this is the first wholly owned foreign car making factory. gm couldn't do it. it's a big deal. ford couldn't do it. the fact that elon musk was able to deliver, ten months after breaking ground in this factory, this is a big, big win for elon musk and this is why it's also propelled the stock up to record levels. in fact, i was taking a look at the market cap. elon musk and tesla

their china plant outside of shanghai is ramping up production elon musk on the conference call saidhey are seeing strong demand for cyber truck >> demand has been incredible. i've never seen actually such a level -- never seen anything like it, basically i think we will make about as many as we can sell for many years. so, you know, we'll sell as many as we can make it's going to be pretty nuts >> by the way, we hear that kind of commentary from elon musk about every vehicle ahead of time when he's talking about them on the conference call. go back to norv. when they rolled out the cyber truck and threw the metal balls at the windows and they cracked and people said this is a disastrous unveiling, look at what the stock has done since then we had the numbers run up, what, 83% since the cyber truck unveiled everybody said it wasn't a successful unveil. that is supposed to go into production next year, guys, starting at just $40,000 is their expectations >> wow how do you explain this price action >> well, first of all, let's go back a year. what an amazing recovery by elon and tesla.

musk was at a tesla plant outside shanghai tuesday.ompany handed over the first chinese made model rhenium sedan to the public. but it is a different model ev that has musk excited. elon: actually, probably, even more people prefer an suv than a sedan. and i think, ultimately, model y will have more demand than probably all of the other cars of tesla combined. taylor: for more, i spoke with bloomberg's dana hull, who covers tesla. dana: tesla's only plant in china without agv. it sets it apart from other models. it's a wholly-owned tesla facility. they get a lot of funding from chinese banks. and the speed of construction really astounded people. a year ago, it was like a muddy field, and now they are having a big party. a lot of chinese government officials were there. musk was dancing. just celebrating the handing over the -- of the first cars. taylor: take a look at a chart i'm showing inside my terminal. china is the largest market for ev's. they have some of the most demand. and this really has been the thesis onthe bear the stock

musk could hit that first payout this year.rs this year. this is part of the push to reshape with new technology. the headline story here is 2500 coders being hired at a bank. what are they doing? jenny: they're looking to hire 2500 coders specifically for this group that houses their investment bank, trading divisions. really thinking not so much at the consumer facing app, but the investment picking side, where automation has been a little bit slower and tech investments have been a little bigger. this is really citi putting its weight behind that. joe: goldman sachs wants to highlight growth in its consumer businesses and get more credit from investors for doing so. so the firm is revamping the way it breaks down results by division. is this just an outward facing restructure of how it presents numbers? what is the goal here? sridhar: it's a very interesting reordering of how they present their earnings. a lot of that stems from frustration inside goldman sachs. stock management -- they think they're not getting the credit t

says, find the box, something musk deals on a daily basis.edford, chris, yesterday i put out a tweet wondering why with the china trade deal the day before, i never saw trump tweet once but when i turned on twitter yesterday the top tweet was trump hotel. i don't get it. what drives the news there, what drives the narrative there and as much as we complain about russia, the platform itself should be policing, finding a better way to police itself? >> it should. it's kind of strange for jack to do what he did, one to have secrets to being a successful ceo is talking to smart people, getting their ideas and convincing your employees that you came up with those ideas yourself. [laughter] >> he beamed him in, what do we do here. i like elon musk solution cautiously, twitter used to be famous for being a spot, free speech was mantra, it's easy to follow, you don't get caught up on trying to please that party or that party until the last few years they have been dragged in the horrible swamp of trying to sensor people, it's the opposite of what twi

elon musk's hyperloop. toyota's self driving cars. bitcoin.rt of predictions of the last decade for 2020. many did not come to fruition as i learned from bloombergs, mark milian on thursday. >> erickson mobility put out a report in 2014 that by 2020, they would the nine out of 10 people over the age of six with cell phones. i think they overestimated how quickly the markets would come online and how quickly cell phones would come down in price. it is a big divide to bring so many people in developing economies into the smartphone age. taylor: i want to switch over to digital. there was a prediction that jet.com break even. i remember being in a shareholders meeting talking about jet.com, but it looks like they are still losing money, not yet breaking even. mark: jet.com was an independent entity, founded before uber and airbnb created the age of the unicorn. they were this early example of all the silicon valley money going up in smoke. in response to the criticism, mark came on this network and said by 2020, we will be breaking even. and walm

meanwhile, you have a company -- and in musk, a company ambitions.already moved on to the factory he wants to build in berlin. for this to be sustainable, musk will have to deliver some sustainable earnings, something they have not been able to do up to this point. taylor: that was bloomberg's craig trudell. coming up, a conversation with the cofounders of grab. how the singapore paste ---based tech company is entering the very competitive ridesharing and food deliverycoming business ne. this is bloomberg. ♪ >> welcome back to the best of bloomberg technology. i am taylor riggs. singaporeans have access to banking and financial services. companies are looking to change that. singapore telecommunications has teamed up to apply for a digital banking license this year. the monetary authority of singapore wants to grant as many as five personal bank licenses to boost competition. several others have expressed interest including alibaba founders. metony tan and pouille tan at harvard as mba students. they spoke to emily chang in an interview in may. we wi

elon musk called it, individual investors called it. if you missed our audience show, catch it this saturday, 6:00 p.m. eastern here on fox business. one of the amazing guests, liz claman. now over to her for her show. liz: thank you so much, charles. that was a very valuable town hall. i hope people catch it. in the meantime, breaking news, the wuhan coronavirus now officially a public health emergency of international concern. just minutes ago, the world health organization made the declaration at its news conference in geneva, switzerland. you see it now on the screen. the announcement comes after the virus made a gigantic leap in america. the first human-to-human transmission of the deadly disease revealed in chicago just hours ago. the number of u.s. cases has now multiplied to six. the outbreak claiming 170 lives in china, with nearly 8,000 confirmed cases at this hour, as business activity in the world's second largest economy slows. the man who literally wrote the book on deadly viruses is here. former soviet army colonel, ken a

went after elon musk for a second time this time for contempt of court. two months later, the company settled and agreed to new terms for musk's tweeting guidelines and the stock however continued to decline falling below $200 a share. as the stock was starting to recover, the company reported results that missed estimates. and it tanked nearly 10% october on the other hand was a month to remember for the bulls. a surprise profit sent the shares soaring as you see right there. last month, it delivered the first tesla made in its chinese factory. and today the stock hits an all-time high. for more on the transformation, i'm joined by tim higgins from the "wall street journal" and also our own phil lebeau so tim, what has musk and company done right >> two things. elon has stayed off twitter. that was a problem that he had about a year ago and second is execution. he promised to deliver 360,000 to 400,000 vehicles and he hit his guidance low end, but neff the less he did. and third thing, he opened that china factory in a quick way >> and phil, their big be

are you surprised elon musk did it again?ltimately, if you look at what musk has done and tesla over the past six months, he proved many of the skeptics including ourselves wrong in terms of demand, especially in europe. i think if they are able to continue that, especially with china, we talked about 600 and that is where it becomes reachable. taylor: the one caveat is you had a lot of buyers rushed to -- rush to the market to take it vantage of subsidies that were lowered or expired at the end of the year. without those, is there enough demand here? that's a big question in the u.s. because as of january 1, there are no longer incentives available to buy a tesla and we have seen model three demand in the u.s. down. that's the argument here. did sales go down because people don't want them or as elon musk told us, he is diverting production into europe and china? my guess is it is the latter. there is any of demand in the u.s. for the model three. the biggest question is will you sell all the cars? as you get past the early

elon musk said the key to that growth, to achieving not only 500,000 vehicles but growing from there,ll be battery production you're looking at video from when we were out at the giga factory out there in sparks, nevada the key to their battery plan, higher volume, obviously, but also batteries that have greater power, greater energy that really can make a difference for tesla vehicles. >> we've got to improve the capacity otherwise we have complexity but do not improve the number of vehicles on the road. >> as you take a look at shares of tesla, keep in mind it's not just delivering vehicles but the giga factory in sparks, continuing to ramp up battery production and also the one in shanghai, as it brings up its battery production remember, next year, they plan to have a giga factory coming online just outside of berlin. that is really going to be the focus, not only for analysts but investors the next two to three years. >> phil, thank you very much stay there while investors are cheering those production numbers, we should remember we've seen this story before, at loest a little bi

elon musk's moment of truth arrives. he came out celebrating.ade cars to the public. they were made in shanghai, the carmakers first factory outside the u.s. outside from the dancing, what else have we learned from elon musk? >> what's notable is the high-level government officials, they were front and center at the ceremony. we saw the mayor of shanghai to thank tesla for helping the economic growth. elon musk took the stage, starting off of a script, the the chinese government saying that factory could not have been built without support from all levels of government. he broke some news, announcing the model y program. he eventually thinks the model y sales will outstrip sales of all other models as consumers shift for demand for suv's over sedans. i want to highlight this part about government officials. this couldn't have been completed without that government support. this place went from a muddy part of land to a factory assembling more than 1000 cars in just about a year, which is really unprecedented. matt: remember elon musk's moonshot

elon musk has the company hitting on all cylinders or electric motors.g the stock. we'll talk about that straight ahead. "squawk box" will be right back. . connections. patterns. you can see what others can't. ♪ >>> d defense department has confirmed that iran launched 16 short range ballistic missiles from at least three locations. at least 11 hit the al asad air base no one was killed. nothing major was damaged, but defense secretary mark esper says the u.s. military remains poised and ready for any more action from iran one of the major concerns is teheran's potential to launch a cyberattack in retaliation for the death of that iranian general. joining us now, raleigh flynn, president of the foreign policy research institute and former executive cia counterterrorism sender in terms of being good at this, we have to say iran's pretty -- as demonstrated some pretty good capabilities in cyber terrorism in the past, we think, any way >> that's absolutely right iran has a pretty robust capability of tools to conduct cyberattacks from malware, malicious mal

was another tumultuous year for elon musk and tesla.ltuous year for elon musk and tesla. slewa: there was a whole of global automakers, like mercedes, bmw, audi, all markets, bute.v. arguably, the bigger challenges the global backdrop in china as we have seen electric vehicle sales slow as government subsidies have been rolled back. we also have the issue of the auto market being in an unprecedented slump, predicting the third annual straight year of decline. have obtained about 5% of the market, but, again, we are starting to see that slow. some predict that the sales of as model 3's could be as low 21,000, based on the challenging environment and the his lee -- and the history of the tesla production delays, but 100,000 chinae model 3 made in models could be sold this year. kathleen: one of the reasons for sales for tesla is elon musk. they connect with him. they relate to him. will this have an effect in china? absolutely could. elon musk is already a larger-than-life figure in china. in fact, he has been on this charm offensive as t

aside from the dancing, what have we learned from elon musk?probably the biggest surprise. the ceremony is just wrapping up. the music is still going. what is notable, high level government officials were front and center at the ceremony. the mayor of shanghai, the deputy mayor of shanghai, thanking tesla for helping the economic growth of shanghai and encouraging tesla to bring more businesses and models to china. elon musk took the stage, thanking the chinese government and saying that this factory could not have been built without support from all levels of government. he broke some news as well, announcing the model y program in china, and saying he thinks model y sales will eventually models, withother more demand for suv's, and then great pomp and circumstance as the tesla models were handed to the first chinese customers, who drove out of the factory. i want to highlight this part about government officials again. this factory really could not have been completed this quickly without that government support. these model 3's qualified for

and speaking of things that you must watch, elon musk's dance moves. the first ceo to bust a move. steve ballmer famously danced at the microsoft presentation and you have david solomon not dancing -- well, gigging you might say. we weren't allowed to include theresa may. a politician doesn't count as a ceo. >> i guess not, but good moves >> well, good is generous. i guess it is generous for all of these but respect, dancing in public >> i don't want to dance on tv, so respect to them >> i agree only happens after serious amounts of alcohol for me. anyway, there we go. credit to them and a lot of coverage for elon musk today and a 4% share price gain. - [spokesman] if you've tried college but never finished, (group cheering) snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu aleit's a master stroke ofe's heartachew. and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a

does elon musk have a new creation in >>> tesla's ceo elon musk might be a father again. maybe. >> maybe. >> his girlfriend musician grimes posted this uncaptioned photo to instagram showing what appears to be a baby bump. she and musk have been dating since 2018. he already has 5 sons from his first marriage. so far there's no comment on grimes' big announcement. as you might expect twitter is abuzz with possible names, and no one expects it to be a normal name. some believe it could include numbers and symbols are just be a symbol. one poll says it will be an adverb. >>> nfl playoff talk, that's ahead. but first we have athletes, elite athletes running up and down the ar first home game of when you humble yourself under the mighty hand of god, in due time he will exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing you right here. you are fully loaded and completely equipped for the race that's been designed for you. >>> basketball up top. we're going u

musk start using his money to advertise.he is using it to build factories to help satisfy the voracious demand for car, his cars tesla doesn't need to spend to fight the competition. they already own the category. remember, he is in a different category from autos. he is a technologist so what does the market consider bad spending all right. this is sad, because i like this company very much. the money that ups is shelling out to speed up delivery to small and medium-sized businesses including weekend delivery, it's an expensive move but i bet it could pay dividends as early as next year. plus i think it can keep amazo happy. wall street doesn't like it. but when a competitor is down, you don't let up, step on their jugular. you go all toe-toe which is turn off the oxygen that's what ups is doing to fed ex, even if they're not getting any respect for it that's a shame finally, there is spending facebook that will constrain their earnings as they meet regulatory hurdles they don't have a choice here. there is a reason the sto

are you surprised that elon musk did it again?> [inaudible] i think ultimately if you look at what he has done, he proved many of the skeptics including ofselves wrong in terms demand, especially in europe. i think if they are able to continue that, especially with china, i think that is where it becomes reachable. caveat is you had a lot of buyers rushed to the market to take it vantage of subsidies that were lowered or expired at the end of the year. is there enough demand? >> that is a big question theree as of january 1, are no longer available to buy tesla and we have seen model three demand in the u.s. down. did sales go down because people don't want them or elon musk diverting production to china? my guess is it is the latter. there is any of demand in the model three. as you get past the early adopters who wanted the bigger cars and you start selling less expensive model threes, can make -- can they make money doing that? can they lower the cost of the batteries to make good profits on the cars and kind of margins to just

because coming up, tesla with elon musk dancing.k down the company's asia ambitions with gene munster, that's all next. this is bloomberg. ♪ taylor: earlier this week, tesla ceo elon musk had something to celebrate. tesla has kicked off production in china and the company handed over the first china made model 3 to the public. and now tesla's growth potential in the country is exciting wall street. rounding up the week, analysts boosted their price target by more than 30%. still with us is gene munster of loup ventures. so, gene, i have to ask, again, as you sort of saw that big jump in china and the big success in china, is that why you had predicted, or were they more successful than perhaps you thought they would be? gene: it moved faster than what i thought. they had set that expectation of the gigafactory in china to be producing cars by the end of 2019. just given tesla's history of missing its targets, i expected that to be sometime in the first quarter. even at that, they did it in a year, which is remarkable. give them cred

you know who is dancing to all that, elon musk. all the way to the bank.o take out of it phil, good to see you. >> becky the stock is moving higher not only because it beat on the top of the bottom line for the fourth quarter, but the guidance the guidance in terms of vehicle deliveries for 2020, much higher than many on wall street were expecting. just as a point of reference the company delivered just over 360,000 vehicles last year, most on wall street thought they would say, ah, deliver 475,000 huh-uh tesla says it will handily beat the expectation of delivering more than 500,000 vehicles so again, they're going to deliver more than half million vehicles this year, at least that's the guidance. look at their portfolio. you've got the model y the small crossover utility vehicle already beginning to ramp up production that begins this year. in addition, you've got the semi truck will come out later this year in limited sales but it's coming out then they're also working on the roadster, second generation of that as well as the cyber truck. that's in deve

delivered. >>> maye musk.r is out with a new become but she is not the first of the musk family to come here on "closing bell. >> i'm hopeful that the first people can be taken to mars in 10 to 12 years the first thing that matters is having a self-sustaining city on mars. >> how soon will you go up, do you think personally. >> personally i think much, much later in life. you know, what i'd like to do is a trip around the moon. >> i'm fortunate to have two amazing brothers have have been incrediblery supportive. the advise they gave me is to be laser focused and to be determined, and diligent and to not be fearful of failure. >> and of course maye musk has fame in her own right. an international superstar and author of woman makes a plan just newly at it joins us on set welcome. >> thank you >> are you going to mars. >> well, if all my grandchildren are i would have to follow them. >> watching about the clips not because of the clips of course but you must be incredibly proud. three incredibly successful child

the outlook for the musk empire going forward. big bang supporting next week and what they will tell us about the economy. on the barron's roundtable tonight my colleagues al and jack. jack i'll start with you. missiles flew, and then tension seemed to ease a little bit. that because the broader market to rally, but defense stocks jumping pulled back a little bit. word uci ron the u.s. and stocks going from here? >> its price in the short term with defense stocks but the long-term outlook for the stocks is still good. i don't think many investors thought i week ago that we would see tension eases quickly as they did. but the white house had a choice of whether to escalate or not, the president set iran appears to be standing down which is good for all parties concerned. a very good thing for the world. the stock market get really like to hear that. just over a year ago with raytheon northrup, and the thing was people were worried about defense cuts. we focused on hypersonic missiles is the reason why we don't think that's gonna ha

elon musk following the first part of the incentive package.ck is down in the pre-market trade so far. after rising to $538 yesterday pushing the equity value to around $97 billion if it does reach $554.80 and holds that level for six months, it would unlock the first ever several potential share based payments to musk worth just under $350 million so a very large part of a bonus there perhaps in play with tesla on the rise. the move after boeing reported the worst annual reporting figures in decades we are learning new details about a meeting between ncaa executives and justice department's antitrust chief over the battle to let college athletes make money. sources tell us the two sides came together in november for the sit down that meeting came shortly after they announced the april deadline for unveiling the next steps in the plan to change rules for letting student athletes from profiting from their names. that is a big deal for fans and proponents of student athletes getting paid this is a live shot of our u.s. capitol where later this mo

in 2018, they came out with that pay package for elon musk.was it and what is he close to getting echo >> shareholders approved this otherworldly pay package in 2018. at the time tesla was trading at 315 a share. the company was having a hard time producing the model three. the idea the company would hit $100 billion seemed crazy. shareholders approved it and fast-forward. at $88closing the day billion. it is no longer crazy. scarlet: what is interesting about the payout is he does not get a salary. he does not get bonuses. it is unprecedented that it is all or nothing. unprecedented that an executive compensation is all about the valuation of the company. it is not about how many cars they make or sell. not about if they are profitable but market value. the first payout is $100 billion. it is not a one-time event. it has to hit the six-month trailing average. romaine: when this was announced, there was criticism from some of the proxy advisory firms. saying there was no way you could justify this type of pay package. given the performance of

paul: elon musk talked about the production hell.ved from production held to delivery held to service station hell. i am not sure what station we are in right now. the buyers in china are weighing on the auto industry. factories are closed, workers cannot get to work. it will be interesting to see if that comes up on the call. i don't know if it will be in the shareholder letter or not. taylor: is shanghai and that production factory the make or break? think there is one thing that is make or break. there are so many different moving pieces. shanghai is important point for the coming year. taylor: bloomberg's dana hull, thank you for joining us. we will have much more ahead from paul allen and taylor riggs in san francisco. this is bloomberg. ♪ paul:paul: good morning, i am paul allen in sydney where markets of come online. japan and south korea will open in an hour. taylor: i am taylor riggs in san francisco and you are watching " bloomberg markets." our top stories this hour, the travels china restrictions. hong kong suspends trave

to musk ace other moonshot, tesla denying claims of unintended acceleration here in the u.s.00,000 of these would be investigated. the stock is up 22% since january 1st. to charlie gasparino. >> when you have a stock rising this high and fast despite all issues with tesla, there are balance sheet issues. there are potential worries about cash flow. they can do essentially what they want in terms of financing. as long as the stock. when i talk to analysts what they tell me as long as the stock stays relatively about 450, 420 was magic bogey number, 420, funding secure, right? got him in a lot of trouble, he didn't have funding secure for buyout of tesla. the stock slipped on its own. way above 420. it is almost at 520. 5'10". as long as it stays above 450, what i hear, from the street, forget about funding needs. they guys can raise whatever money. take that worry off the table. they have to keep it up at that level. one way to keep it up at that level. keep selling vehicles. they have been doing a pretty good job at that. not to have these malfunctions. liz: they're claiming

elon musk seems to have picked up the man tell.e has got this vision everyone driving electric car, batteries that last forever, taking it to germany, heart of the car manufacturing area. of course now great work in china as well. he is capturing imaginations, i tip my hat to him. charles: keith, it is interesting. a lot of people who were very bearish on elon musk, changing their tune a little bit. i will point out one of these downgrades from a permanent that missed entire run, they went from a hold to a sell. one of thought of celebritiness of elon musk and what role that might lay for future values of the stock. >> he is pied piper of hopes aspiration, innovation. he is one of the smartest guys on entire planet when it comes to that stuff. should he be running a multibillion-dollar company? i love to hate that stock. charles: it became a multibillion-dollar company under his watch. just got time to ask you, keith, rumor out, buffett buying boeing. i think something can happen there. buffett has $130 billion. he said to his shar

elana musk's electric carmaker delivered -- elon musk's electric karmic are delivered on earnings andy execution. musk is speeding up the new production of the model y crossover to begin deliveries in march, much earlier than planned. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. thank you very much, indeed. we are back with christian schulz, citigroup director of european economics. let's talk about what is happening in china right now. is it possible to get an idea of the economic hit from the virus to the chinese economy, and then extrapolate it out to the global economy? thestian: first of all, pictures there are very worrying, and you feel very sorry for the people who fear they may be infected by it. that is the message first. in terms of the economic impact, we do have president, of course, and many analysts are now extrapolating from those, sars in particular, and we have seen various estimates of what this can mean for economies which are ext

elon musk is having a good day.ket value surpassing more than $100 billion wednesday, surging past volkswagen to become the world's second most valuable lawmaker. -- automaker. the ceo can look out to a huge payout if the stocks sustain its rally. come into my terminal here. $102.7 billion. you are eclipsing volkswagen. eclipsing gm and ford combined. you are only trailing toyota. how did this happen? dana: it is remarkable how fast this happened. two weeks ago market value was $88 million. two weeks later he is totally -- it has been amazing. taylor: explain the payout for me. it is not just one time. it has to be sustained on a rolling basis. dana: six months, 30 days, which i should know more about. it is not just a one-time thing. now they hit it if they can sustain at, he will get that payout. taylor: how does the shorts feel? dana: they are being crushed right now. lost over $2 billion in 2019 and lost that same amount in january of 2020. remarkably they are not folding. tesla is still one of the biggest short

does elon musk have a new creation in trump: obamacare is a complete and total disaster. let obamacare implode. nurse: these wild attacks on healthcare hurt the patients i care for. i've been a nurse in new york for thirty years. i know the difference leadershit mike bloomberg did as mayor. vo: mayor bloomberg helped lower the number of uninsured by 40%, covering 700,000 more new yorkers, life expectancy increased. he helped expand health coverage to 200,000 more kids and upgraded pediatric care--- infant mortality rates dropped to record lows. and as mayor, mike bloomberg always championed reproductive health for women. so when you hear mike bloomberg on health care... mrb: this is america. we can certainly afford to make sure that everybody that needs to see a doctor can see a doctor, everybody that needs medicines to stay healthy can get those medicines. nurse: you should know, he did it as mayor, he'll get it done as president. mrb: i'm mike bloomberg and i approve this message. denny's is making 2020 a super duper new year with a new super duper deal! now you get bac