panasonic currently makes batteries for some of tesla's cars. separately the u.s. government closed an investigation into a death involving tesla's auto pilot feature and said it will not issue a recall. tesla shares rose 2% to 243.76. apple supplier sky works reported earnings and revenue after the bell that beat expectations. they gave up beat guidance for the current quarter and said it will launch a new $5 million share buyback programs. shares initially rose but fell. shares of rent acenter continued to get hammer today after the furniture rental company warned late yesterday of disappointing quarterly results. the company says it expects to post lower in sales. rent acenter is expected to report results in february, the shares plunged 18% to $8.31. >> new home construction increased more than expected in december. according to the commerce department housing starts rose by more than 11%. of that increase came from a rebound in multi-level units. >> big shift in mortgage lending is raising concerns about one area of the housing market. "the

tesla, which acquired solar city earlier this year, and panasonic earlier this year, and panasonic areing up their partnership announcing they will begin production of photo cells and modules next year at a plant new york. panasonic is investing roughly a quarter of a billion dollars in the venture. it underscores deepening ties between the two companies, in buffalo, a city in upstate jointly building a $5 billion lithium ion factory in nevada. after the break, we'll find out how a robot is helping the immobile to become mobile with thought alone. that special report from chile, next. this is bloomberg. ♪ caroline: welcome back to the "best of bloomberg technology." jerusalem-based software firm mobileye announced a partnership based software firm announced a partnership with a mapping consortium of several german automakers. this is one of several partnerships forged a this year as self-driving technology rapidly grows. under the deal, mobileye software which uses sensors and data analysis to find a car's position on the roads in real time will be integrated into his navigational mapp

teaming up with ford motor to team the group and involves psa groups mazda motor, suzuki motor and panasonic. this will enable drivers to use smartphone apps on vehicle dashboard screens. this will give consumers more choice in how they connect and control their smartphone apps on the road. automakers are racing to develop connected cars that provide a wide range of services. observers say toyota aims to set an international standard. well, this week, experts are giving us their outlooks for the global economy. today, a distinguished academic tells us about prospects for china. dean of the university of institute for contemporary china studies governs policy and one of the members who drafted the country's current five-year plan. he told nhk world what kinds of growth can be expected this year. >> reporter: with similar measures in place, he says that growth is not the most important case in the economy. >> we expect china's economic growth rate for 2017 will be 6.5% or higher. most likely, between 6.5 and 6.7, which i think is sufficient. i'm more focused on what i call three major efficien

toyota, honda, and panasonic all posted solid gains. takata saw 17.5%, hitting the day's limit on thee back of meda reports it will reach a settlement with u.s. prosecutors over allegations of wrongdoing related to its faulty air bags. looking to the year ahead, investors are still hopeful the policies of u.s. president-elect donald trump will deliver solid economic growth. >>> moving on to other markets in the asia-pacific region, the shanghai composite continued gains boosted by tuesday's encouraging data on manufacturing. the benchmark added 0.7% to finish at 3158. hong kong bucked the trend in the region. the hang seng fell as investors booked profits from recent rallies closing down by 0.7%. some energy shares were lower following an overnight decline in oil prices. other markets ended in the positi positive. singapore up 0.8%. seoul and sydney added a fraction each. >>> we're expecting to see some big changes around the world as we start 2017. this week distinguished figures of the world of business and economics will be giving us

coming soon from panasonic, a way to stream a game or news or anything on to a pane of glass. >> youan to it on any glass you like. it can be great for a live game. even on your apartment glass. >> a chance to unwind with a little help from cutting edge technology. >>> now the consumer electronics association tells us that thanks largely to our strong economy, this year has seen us spend more money than ever on consumer gadgets. in las vegas, scott budman, nbc bay area news. >> people want the latest technology. you can stay with nbc bay area news from continuing coverage from ces, scott budman will be reporting live. >> what happened in oakland may impact the entire state. it's all about safety following the deadly warehouse fire. a state senator is pro posing a new law. and it would ensure artist work spaces are preserved but in a safe manner. skinner said that the goal is to assist local governments and bring the spaces up to code. she said that the law would help more than just the artist community. >> well, it would affect everyone. as i mentioned, this housing crisis, so you al

toshiba announced the recall of 83,000 laptop batteries from panasonic. that's on top of the 91,000 previously announced. the batteries can overheat, causing burn and hazards to consumers. you should check the back of your pc to see if you have one of the recalled batteries. here's the part number you're looking for. it begins with g71c. you're urged to remove the battery and go to toshiba's website and follow instructions on how to get a replacement. >>> cat owners take note. j.m. smucker announced the recall of certain lots of three different cat foods. all the cat foods contain low levels of vitamin b1. that's something that's essential for cats. the affected cat food are nine lives, special kitty and ever pet. deficiency of thiamin can lead to decreased appetite, vomiting and weight loss. in extreme cases it can lead to neurological damage. no illness connected to this recall has been reported. for more information, go to abc7news.com and check 7 on your side. >>> you may have heard their commercials on the radio or seen the infomercials on tv. but th

to see these big screen tvs and we are going to see some interesting announcements from lg, sony, panasonicamsung. but is it really setting the tech world on fire? it's hard for silicon valley which is about software and services and it's hard to devote space on the conference floor to something that is not a gadget. guest: but the software companies go and sell stuff to the hardware guys. my peers are excited about 2017. 2016, there was $40 billion of investment capital in the u.s. the year before, $60 billion. a big decline. silicon valley is rooting for a big ces with a ramp up to investment. caroline: fantastic to have you on a show. michael still sticking with us. tune in for bloomberg television's ces coverage going through the week. we will have interviews with the likes of tim armstrong, barry diller, plus on the ground reporting from our great bloomberg technology team. coming up come a chinese internet giant sets its sights on a $5 billion ipo. we will discuss that, next. and tesla lower in extended trading after selling 22,000 vehicles, totaling just over 76,000 for the year. tes

what panasonic is calling a hospitality robot. the high tech hotel worker is being tested out at the anna crown plaza in japan. it moved around the lobby with a smile. and hands out bottles of cold water. not bad. up next he'll be moved to work at tokyo's airport to remove dirty dishes and eventually my kitchen and they are used to deliver medicines and supplies in hospitals. it's happening the robot revolution, i'm okay with it as long as it shakes your hand when you walk in. and it can't. already adam we are looking at a wet forecast. >> dramp and dreary and sunshine and thursday the end of the week but thursday and more changes the end of the week. as we take a look at the action cam along the delaware, again you kind of see the mist and drizzle, low lying cloud cover kind of a dreary tuesday. not a lot of rain but enough to make it feel damp and raw for much of the day. stormtracker 6 live double scan will show more lighting up on the radar to the north and west as we close in stormtracker 6 live double scan first north of cen

it will be manufactured in the gigafactory in partnership with panasonic.la says this offers the best performance at lowest production cost. batteries can be used for electric vehicles and energy storage products. tesla facing competition. electric cars, start-up competitor, faraday future, unveiled its own tesla model s. they claim it goes from 0 to 60 in 2.39 seconds. market is climbing up 70 points. 19,000, 952. there is so much hype really for weeks. last two weeks of the year, leading to the dow 20,000. the s&p for its part at 2272. at one point as i said above all-time record closing high. really the theme has been trump's pro-economic agenda. his plans on infrastructure spending, excuse me. he also has been talking about this hour with his plans to repeal obamacare although that is controversial because we're not sure what will go in its place but other regulation role-backs especially in the financial indus in president-elect trump's agenda. that is huge lift to the financial sector. checking russell small cap index at 1388, that is also higher toda

. >>> japanese electric's giant panasonic is expanding use of hospitality robot.sted at a hotel in japan. moves around the lobby informing guests about bus schedules and handing out water. it's also used to deliver medicines and supplies in hospitals. next week the robot will move to tokyo's main airport to work on collecting dirty dishes. >>> abc 7 news at 4:00 does continue. >> take two minutes. that's your day. that's what i would say. take two. take a minute. >> the minute that makes a difference and how schools are using the time to help students do better in school. >>> and we'll have a look at what's coming up on abc 7 news at 5:00. >> coming up next, bay area women headed to washington d.c. >> it feels like an historic opportunity. >> hear from those who plan to join this weekend's women's march. the bay area gets a prominent seat at the table for one of president-elect trump's inaugural meals. and tips to eat smart at the mall food court. mall food court. we look at small swaps sure, you could sit around all night waiting for a pizza to be delivered. but

toshiba, panasonic, iconic older names. it is a paradise, technology nurse paradise.an we swirl through a little bit. i'm sitting here live on the top of our area, ces is more intensely covered than the olympics last year. 177,000 breaking people were here. will we set another record? we'll break down the hottest gadgets on the markets in a few minutes. let's check the markets. as tech hype heating up on vegas stocks are certainly not heating up. we have a mixed picture. dow jones industrials down 58 point. nasdaq down 3. nasdaq a great tech story, up seven. this is the big, big area done so well since election day, not so much today. the driving force on the tech rally, taking a big hit today. goldman, wells fargo, citigroup, bank of america, jpmorgan. losses across the board. wall street shopping spree has come to an end. ashley told you about it. after investors are being scooped up department stores are getting smacked down. macy's down 15. president-elect donald trump is attacking another company. he is saying in a tweet, toyota motors, he is not happy either. to

they can get that out there and put the battery in and another thing to keep in mind, deal with panasonicink you'll see more deals with that mainstream companies that are going to come on board with tesla and join into the technology they havement the company is amazing. it really is. stuart: he's fully invested in tesla. hold on a second, listen to this, more retail names moving lower. will you look at this? first of all, michael kors down nearly 6% and how about coach? i call them democratic luxury because it's luxury stuff that's attainable for middle america. they're down, too, nearly 5% down. what do you say here? >> i think we're seeing a result of all of these bad numbers coming out from christmas with kohl's had a downgrade, significant downgrade of profit per share for 2017 and everybody, all of these retailers and even the specialty retailers are sucked down in this downdraft. stuart: wow, what a trend. fascinating stuff. i want to thank larry, scott, dr, thank you for a great show today. great success, thank you. check the loss narrowed down only 4 points, 3 points, all right.

it meant you couldn't burn music cds when panasonic and other musics came out with cds. because of adobe and says you have to make your video editing software for the new mac os. gates, the people of adobe said no, you have to small of a market share. he never really forgave a dobe. the mark of a good company is not what you think of things first, it is when you fail to think of things first, and you leapfrog -- can you leapfrog? can you catch up? others were making cd burner trays. everybody was downloading from napster and burning cds. you couldn't do it that well on the apple. we have to make a perfect and to anything. music, the device itself, when they start making simpled, he makes it so because it is entered and integrated with the wrong thing. you can take the complexity and put it on the mac and the itunes software. not one ofitself is these complicated mp3 players where you had to figure out how to do it, you have to look at it. it was intuitive. he kept saying i want to be able to get to where i want. every song i want or every function i want in three clicks.

. >> this is from panasonic. it turns on with one button. it's like a facial at home. >> okay., right before you cleanse your face. at night, it melts the makeup to have it come off easily. opens up your pores. it works for six minutes. it's like a facial at home. >> it's a little over $100. but it can replace a facial that you would get at a spa. >> going to cost you more than that at a spa. >> exactly. >> girls in the makeup room are excited about this. the makeup brush cleaner. >> this is from style pro. the little orbs are filled with water and makeup cleanser. you see how it's used on this video. easy to use. >> the solution is inside the orb. >> the solution is inside. and you dip your brush. >> like a little washing machine. and it dries them. it's a pain because you have to let them dry overnight. you attach it to this thing that spins it like a drill bit. it has different sized collars to clean any sized make-up brush. you dip it in the water. you turn it on. it spins all of the dirt and makeup off of there. when it's clean, you lift it up so that it's out of the water

this is from panasonic. it turns on with one button. you fill it with water. the hair is going to go poof! this you can use right before your cleans your face. at night to just kind of melt the makeup off your face to have it come off easily and open up your pores and have your cleanser work really well. it's works for six minutes. it's like a facial at home. how much? >> a little over $100. it can replace, like, a facial you would get maybe at a spa. >> it's going to cost you more than that at a are excited about this. the make up brush cleaner. >> yeah. this is from stylepro. it's these orbs that are filled with water and make up cleanser. you can use soap at home. you can see how it's used on the video. super easy to use. >> the solution is inside. >> yeah. you dip your brush inside and it cleans it. >> like a washing machine for your brushes. >> exactly. we'll show you how you use it. it dries in seconds. that's a difference. it's pain to clean your make up brush because you have to let them dry overnight. no one actually cleans them. you tap into the thin