peter thiel, he's been in the news this week because he sued the website gawker out of existence. he didn't like the way that gawker covered him, so he funded a secret legal campaign against gawker and its founder to bankrupt them and put them out of business. gawker closes next week. peter thiel has been in the news because of that, but he's also an illustrative idea or example of this thing that we have in america. he's the latest in a long string of these guys who are richer than god and a little kooky and once they're richer than god, they decide they can basically transcend the other bounds that hold us mere mortals within what the rest of us think of as reality. i mean, consider that both the armor light eyeglasses guy back in the day and peter thiel right now, both of them, as super rich guys, with very interesting ideas about themselves, both of them tried to found their own countries. peter thiel tried to buy himself a new country made of shipping containers that would be governed as an ant arktic libertarian floating country on the seas. the eyeglasses guy wanted to i me

plus, what they think about peter thiel backing them up front.ut first, to our lead, investors shrugging off the day quarterly miss from tesla. loss andker posting a share of $1.06 much wider than most analysts had estimated. shares rose 32% but also missed estimates. they have missed on deliveries the last two quarters but says it is still on track to deliver 50,000 cars in the second half of the fiscal year. that and improving gross margin is encouraging tesla goals after hours. joining us from our perspective, auto analyst and bloomberg do you columnist in portland and cory johnson with me in the studio. would you call it the e lon musk affect? >> today is the day we can look at what the company is doing. i think one of the interesting things they can do is look of the number of cars they have sold in the quarter, for what they delivered in the quarter. we already thought we knew the numbers but they change them on the weekend release before the fourth of july holiday. they released him when the market was there to see them. they changed the n

>> i did. >> did you watch peter thiel? >> i did. >> and you thought what?i thought he did a pretty good job considering people expected him to come out with more of his outlandish political ideas. and he kept it down the line. it was one of the saner voice os the convention. >> have you had any conversations with him since this happened? >> i think if i had, i couldn't say. >> which suggests maybe you have. >> if i had, i couldn't say. >> if you have, you couldn't say. why couldn't you say? >> i think i'm going to have to repeat. if i have, i couldn't say. >> if he were to walk out right now, what would you say to him? >> you bankrupted the company. you bankrupted me personally. why are you still going after sam bittle, a journalist, the executive editor, judge journalists because you're upset with coverage. >> peter thiel's lawyer or the one that he's been funding recently threatened deadspin which is one of your other units. how many more lawsuits have come or are you aware of? >> the creditors committee actually consists of three people. hulk hogan, shiv

evan: for gawker or peter thiel? emily: either. evan: it's scary for the press.ally if unknown sources of money are fighting you. i was not a fan of everything gawker did but in general, i'm a fan of freedom of the press. i think it is critical. ultimately, gawker should avail, prevail, but it would be a bad thing if random media sites can be taken out by people who don't like what they say. emily: it's a question you deal with behind-the-scenes -- what is free speech? what counts as fair? what is going too far? i'm sure when you started blogger, there were trolls and online harassment. it seems like nothing has changed. evan: it has gotten worse, for sure. the early days of the internet, it was a little better and we felt like it's a big club and if you are there, you are welcome and we have dinner parties with our front door open. if you stop by, everyone is glad to see you and so much has evolved with that default framework. the idea that anyone can join any conversation is not something we expect in the real world. because so many wonderful things come from o

i am curious -- we have people like peter thiel is as you do not need to go to college and i will pay to. what is your philosophy on how much education we need? focused on the graduate school part of the higher education ecosystem because we think that ecosystem is represented by individuals who are choosing and they are the consumers who are making the choice to get education. when you get down to the undergraduate and the college level, i think there are a lot of ideas that are interesting out there about where college might go in the next 20-25 years that we do not see ourselves and general assembly as being a replacement to undergraduate institutions. we would like to be a complement to those systems and be a bridge between those institutions and the real world. emily: i don't know what peter thiel with a about graduate education but he said -- i imagine he would say it is even more useless than a college education. how would you respond? graduate education is an investment. like any investment, you have to put money up front in terms of time and money. and there is a return. some

peter thiel revealed his private campaign against the site. this week gawker agreed to sell itself to june vision. >> and uber is rolling out self-driving cars in pittsburgh. they will be able to summon the cars with a smart phone app. the cars will come with human backup drivers to handle any unexpected situations because uber is still testing the service, and the rides will be free. >>> twitter has launched its own war on terror. they have suspended more than 2 00,000 accounts for terror related activity. it follows a string of recent attacks around the world. after facing accusations of not doing enough to stop terrorism on its network, twitter increased daily >>> and back to the olympics. an american has held onto the title of the world's greatest athlete. >> acht >> ashton eaton. a eaton's win means he and his wife are now both bringing home medals from rio. she competed for canada. >> americans went one, two in the men's shot put. ryan crouser took the gold. and joe co-vats took the silver. >>> and bolt is hinting this olympics may be hi

of course referring to peter thiel. >> yes. >> and against mr.> tune into "squawk box" 730 i'm. hoekman go hit 100 million down loads. that according to a report. down loads are up 25 million from late july. this despite privacy scares and feature bugs the game also bringing in $10 million daily in terms of revenue. pretty amazing. people will still playing that pokemon game. >> just go to central park. have you seen it? >> it's just like people looking like somezombies going around tg to catch pokemon. i don't get how it makes money. >> have you played? >> no. i know someone close to me who plays all the time. >> when we come back, today's must read stories, but first check out some of the major currencies. japanese yen reaching a three-week high. some disappoint after japan announces more than $200 billion stimulus passage. stay tuned. you're watching cnbc, first in business. worldwide. . >>> whack back to "world wide exchange." my must read, is donald trump just plain crazy? and robinson rights he told abc news george steph notary public lis i

is it outlawing the sort of speech that peter thiel didn't like?aleigh the sort of speech we ought to outlaud? >> saying something true that they might not want said? >> i think that's an interesting point. i think the intent of that bill is pretty clear-cut. i think he's turning into something else, saying it's the gawker bill, the thing we don't want gawker to do or gawker-like sites to do. i think that gets dangerous. >> instead, but we're not done talking about that one by a long shot. >> google take on apple's face tithe, launching duo. it includes the ability to call any device no matter what o.s. it's running. we're watching the shares ahead of the anniversary of the ipo, if you bought tess on offer price and you're up 1700%, does facetime need to worry? >> i don't think so. but google very smartly solved the problem that facetime always had, which is i have an apple phone, whenever i'm texting or trying to facetime, do they have an apple phone? you can see if it's blue or green. google set forget that. just get a smartphone, you can connect

peter thiel supports a private protection bill being considered by the house. and buzzfeed reports that the bathroom action for transguarantee people will be required in federal facilities. a rule will be posted this week in the federal register. it gain access for transgender consistent with their gender identity. >>> "the wall street journal" reports 1500 guantanamo detainees are being sent to united emirates. that leaves 61 inmates in gitmo. president obama wants to empty the prison in cuba before he leaves office. >>> and the 2017 farmers' almanac reports that many of us are in for it next winter. it predicts frigid temperatures for much of the nation during the season. and snow starting as early as november. >>> still to come, taking the stress out of getting stuck in traffic. is it possible? we'll tell you how audi plans to help drivers, as they wait for or my eyes can never look away?" ? at safelite, we know how busy life can be. these kids were headed to their first dance recital... ...when their windshield got cracked... ...but they couldn't miss the s

you have to remember that that company was forced into bankruptcy after peter thiel backed multimillionwsuits over a hulk hogan sex tape and what's happening at the moment is that the company of course is in bankruptcy, it's trying, of course, to go to auction and right now looks as if univision may be picking up the company and another story we're also watching is, of course, what's happening over at volkswag volkswagen. the justice department saying that company is looking to face civil and criminal charges. they haven't said just how much they're going to have to pay. but the last major lawsuit against a car company was toyota and that was $1.2 billion. so certainly it's going to be a big pay day for volkswagen. guys? >> big problems for volkswagen will city in touch on that one hadley gamble live from london. thanks so much. >>> time now to get a check on the weather and what we can expect to today. nbc meteorologist bill karins, so for us here in the northeast it's feeling a little bit better bill. >> a little. not a lot. >> did you see that? that was a little. >> just a little pit

oh my god what did you piss off peter thiele, what happened.revenge no know bounds? >> larry: no, it knows no bounds. >> it knows no bounds. i just decided to stop by and tell you i love you. >> larry: oh. >> a-w. >> an may i say something else. if i may. >> larry: sure. >> do you have i moment. >> larry: you may, take the moment. >> thank you. >> larry: jon stewart, everyone. (cheers and applause) >> no, quickly. >> larry: yes. >> i have been in situations in what we call show business, television, where they have, my name has been on the show. and they, what do you call, lock the door and told me to, this was a paramount executive get your [bleep] out. >> larry: right. >> an a very wise man said to me. >> larry: uh-huh. >> do not confuse cancelation with failure. and i took that-- (cheers and applause) >> to heart. so i will say this. what you, my friend, were tasked to do, you have done and done beautifulfully. (cheers and applause) >> you gave voice, you gave voice to underserved voices in the media arena and you did it-- it was a show that

oh my god, did you piss off peter thiel? what happened?ker.com is even more so. >> seems like he's been installed as the sort of general enemy of journalists. there you go. >> that should end well for everybody. thank you both for joining us this afternoon on "closing bell." that does it for us to close out the week and the 2016 olympics from rio is next. an opportunity to salvage some sort of medal

gawker filed for bankruptcy after hulk hogan and peter thiel won a settlement.tcy judge will have to sign off on the transaction. andrew, you've covered this story a lot. i've discovered unny vision a lot. what do you make of this? >> there's a couple of points here. on the unny vision piece, the biggest part to know a spanish network trying to go off millennials. and the other piece you know they recently bought the onion. they're trying to get into the space. te request is whether it works. what happens as a result of the settlement and whether peter thiel and hulk gohogan end up getting money. they're in bankruptcy. they're clearly creditors. there might be a settlement. how much they get, that $140 million nobody thinks a judge is going to uphold that. does it come down? does nick denton end up with something or nothing. these are some of the sort of questions within the new york media circles that are being asked. >> initially people say why would a spanish language media company want to own a piece of the onion, gawker, but remember the chairman of univisi

off peter thiel.e if you happen to be watching us and washington, d.c., you can listen to us on the radio radio ad bloomberg 99.1 fm. we will be right back. ♪ alex: we are still 77 days away from the election but our next 'sest is assessing what trump candidacy means for the future of the republican party. here now to talk about it is the "washington post" political reporter. great to have you with us. from the piece that you wrote, trump's legacy is predicated not just on whether he loses, but the margin by which he loses. talk about that. if there was any doubt on the part on the part -- if there was any doubt on the part of traditional publicans that what trump has created is going to indoor after trump win or lose, his decision to bring in a new campaign chairman who represents the entire antiestablishment media environment put that to rest. so now the question for a lot of are assuming he's going to lose. if he loses big, they think it may repudiate everything he has stood for. that might lay the

we ask peter thiel backing donald trump. corey: this week kicked off with big deals.nall of uber's business to didi. what is driving this recent boost in deal making? how much m&a is in the pipeline? we went to roger mcnamee of silver lake. roger: the thing to recognize is and acquisition activity, when it rises, it is a signal that the environment is difficult for earnings. >> what is happening fundamentally? roger: you have europe, not only because of brexit, but europe is slow and the brexit will add drag. china has shifted phases and things are not as robust. looking at the s&p 500 in the united states, half earnings come from outside the u.s. have bad trends in europe and asia, it margins for the s&p 500 companies have peaked. there is analytical support for that notion. against that model, how will people keep stocks up? the smart thing is to buy earnings. if you want to buy a new story, by things that give investors hope about the future, and have them focus less on current results, m&a is a great way to do that. i look at microsoft's acquisition of linkedin as

and peter thiel brought him down. putting out the tape destroyed your own empire.: it was petty and despicable and paying a price for it. >> thank you, charles. charles: uncle sam wants to tack tax you to death, and beyond. donald trump is pushing the tax. he will be mr. "brexit." countries around the world didn't believe it or not the british exit would happen. the polls were wrong. donald trump saying he will shock the world again. reporter: i'm adam shapiro live on the floor of the new york stock exchange with your fox business brief. take a look where the markets are trading right now. the dow is fighting to go positive once again. it is down only seven points. s&p 500 succeeded up almost two points and the nasdaq is up almost nine 1/2 points. watch what is happening with oil. oil on august 2nd closed below $40 a barrel. it is up 20% since then. trading much higher, oil over $48 a barrel. harley-davidson is down on news it will be pay $15 million fine to the u.s. government, fudging their emissions standards and data, 340,000 motorcycles. big news regarding pri

peter thiel pushing his fight against a gawker to the pages of the new york times the 97 word op ed,d support roessler hulk hogan's lawsuits against gawker -- roessler -- lawsuitshulk hogan's against gawker. l is a founder at founders fund. take a listen. >> a judge and the jury are deciding the fate of gawker the company and the journalists that were in alleged journalists that were involved here. i personally, i don't know how poste can defend folks who revenge poor and -- revenge porn. i don't view those people as real journalists. emily: what about freedom of the press? >> all of us would say that is critical and vital. i don't think this poses a risk to that at all. very: keith has been public about his support of peter. what do you think? keith: i don't believe in funding other people's lawsuits. it is bad for society. but as far as it is used, people should be able to pursue whatever they want to. if it works, it works for everybody. emily: in this edition of "out bythis world," the latest spacex. telecomt a japanese satellite into orbit. spacex also completed a vertical landi

the man peter thiel, you may remember he took the stage at the rnc. he wrote in a new york times that the press is too important to let its role undermined by searching for clicks at the cost of a profession's reputation. details of thiel's personal life posted in 2007. forbes said who bidders have emerged. watch this space. >>> "early start" continues right now. >>> donald trump laying out his plans to combat terrorism worldwide. >>> and trump coming under fire from the three best democrats in the nation. hillary clinton, president obama and joe biden. we will show you what they have to say. >>> and a finish for the

bankruptcy in june after losing a high-profile lawsuit from hulk hogan, who we found it was backed by peter thielrbnb has a zero chance of reaching a high level chance of success there. this is bloomberg. ♪ emily: kaiser lee has been a driving force in chinese tech is former head of google china and microsoft research in asia. he is targeting early stage, it's in china. i sat down with him from exclusive interview and thought -- asked what he thought of the recent uber deal. >> it was a win win for both of them. they could have taken more time to eliminate goober, but that would've taken too long. emily: how does it impact other u.s. startups and the sharing economy business, like airbnb which is trying hard to break into china and looking for a chinese ceo? i think looking for chinese ceo is the smart move. that is something uber never did and it is a huge problem for any american company operating in china. airbnb is smart to look for a chinese ceo. its business is culturally different to be run in china. i think most of their efforts are trying to get chinese tourists to stay in airbnb abroad,

ball rolling -- is there a sign -- >> this is a company that they came -- they claim is backed by peter thiele biggest names in silicon valley have, according to them, the company. very well-known, -- backed the company. i would think and hope that they that engage in practices are more transparent and do not revenue, perhaps, on the books that is not real revenue. when you purchase your product, that is not real revenue. >> thank you very much for having us. congratulations on breaking that story. revenue, perhaps, on the books that is not real revenue. hear fromup, we'll bank of america's ceo next. ♪ ♪ >> this is "bloomberg markets." or look at the business stories in the news right now. lending club is in talks with western asset management to set up a fund that would purchase up to $1.5 billion in loans overtime. that is according to people familiar with the matter. would commit to purchasing a certain amount of the landing platform loans each month. buyer may increase its $50 million takeover according to people familiar with the matter. they signed a confidentiality agreement. this is a

peter thiel, capitalist who backed facebook.poke at the national convention and funded hulk hogan's against gawker. sensitive information can be relevant. exercising judgment is always part of the journalist profession. it's not for me to draw the line, but journalist should condemn those who willfully cross it. the press is too important to be undermined for those who search for clicks at the cost of reputation. goes into why he helped fund the lawsuit. when gawker outed him he talked about being gay. he announced at the republican national convention and that was his final point on why gawker he says will continue to thrive. it's up for auction. there's reportedly bids for it to continue and he says he doesn't want to eliminate that, but there that has to be a stricter judgment call when it comes to invading privacy. >> worth the read and, certainly, valid points. makes valid points in this article. my pick today in the "wall street journal" is titled trump's anti-terror strategy. coming off the back of his speech yesterday. i

. >>> there was a trump endorsement from peter thiel. >> the cofounder of paypal spoke at the republican national convention. he will be making his mark as a silicon valley investor. and as a gay man. both of which trump has had some trouble with in this race. >> thank you. >>> new this morning, a federal judge in san francisco is barring the use of secret recordings by fbi agents in the case over foreclosed properties. five real estate investors are charged with rigging bids and carrying out mail fraud linked to auctions over foreclosed properties. the fbi didn't have a warrant when it recorded 200 hours of conversations that took place in front of the san mateo county courthouse during those auctions. yesterday judge charles breyer decided that the men had a reasonable expectation of privacy there so the footage was off limits for the case. >>> according to new reports, the tesoro refinery didn't learn from their mistakes. in 2004 workers were burned from sulfuric acid because of lax safety. it's been happening for years according to a review. tesoro says they have made significant saf

. >> peter thiel smoke. >> correct. >> harold ham, continental resources.es have business members on his side. >> that's going to be a huge point that plays out as we again talk about this idea that polling is going to get contested as we approach what happens in septd when the election debates kick off. with them one-on-one with each other. then you start to see whether we have business leaders or economic thought leaders. >> we need a debate on the economy. >> we do. absolutely right. >> that brings us to our twitter and facebook question. which candidate is better for business. weigh in and we'll bring you the results later in the show. when we come back t dow and ts& dropping to lows. first as we head to break, check out the price of oil this morning. this has been a pain point and while wti is higher this morning and almost 1% higher, it's still trading below $40 a barrel. stay tuned you're watching cnbc first in business worldwide. and 3% back on gas. which helped him give his players something extra. the cash rewards credit card from bank of america.

hogan's lawsuit was financially backed by silicon valley billionaire peter thiel, who was outed as gay by a now-defunct gawker blog. and in north dakota, indigenous activists gathered in the capital bismarck thursday to protest the proposed $3.8 billion dakota access pipeline, which they say would threaten to contaminate the missouri river. the activists also responded to recent claims by morton county sheriff kyle kirchmeier that there have been reports of weapons at sacred stone spiririt camp.. >> tururning into o a known lawl protesest with some of -- and te lawful protest and haseen compromised d up to this point.. we have had incidenents and reports of weapons, of type bonds, of some shots fired. amy: at thursday's protest, activists denounced the sheriff's claims, saying their actions were non-violent and there were no weapons at the camp. this is tara houska, national campaigns director for honor the earth. >> people are here to stand in prayer. for their children insurance children. water is life. [inaudible] there is dancing and singing. at the same time, everything is peacefu

remember this troubled blog spot had to declare bankruptcy after billionaire peter thiel went after thema lawsuit over hulk hogan's sex tape. univision has reportedly bought the company for $135 million. another story that we are keeping track of, as well, troubled book seller barnes & noble, this is the country's biggest retail book seller, they decided to dump their ceo. they say that he just wasn't measuring up he wasn't a good fit essentially what we've seen over the last year is this is a company that's really been struggling to maintain its sales over competition. they have a lot of competition from internet books, as well and of course the ceo now being shown the door. guys >> hadley gamble live from london. thanks so much. >>> washington, d.c.'s top cop is stepping down and making a move to the sports world. keefe cathy lanier announced she's retiring from the department next month and joining the nfl as head of the security. lanier has worked with the d.c. police department for 26 years serving as the city's first female police chief since 2007. she says the department and city

. >>> silicon valley billionaire peter thiel is back in the news defending his role in a lawsuit against hogan sue gawker for so much money it forced them to delar bankruptcy. thiel responded saying gawker's cruelty and recklessness were an intrinsic part of that company's business model. and that somebody had to stop them. thiel had been angry at gawker for years not just outing him as gay man against his will but did so opportunity. when the opportunity to hurt gawker, thiel took it. one billionaire with a war chest so big he can shut down a website. >>> turning to markets for another three for three. the nasdaq hit a record. the dow hit a record. the s&p hit a record. there's the play button right there. all kinds of things. so we have not gone 3 for 3 since, gosh, i got to say how long has it been? oh, yeah, last week. but before that. >> 1999. >> so, again, records across -- oh obviously a lot of indices to monster the stock market on. >> this has been a measured build-up, it's not a surge in the market and -- >> right. >> all right. we'll see how that open today. >> talking about t

peter thiel is back in the news this morning. his role in the lawsuit against the gawker website. thiel helped hulk hogan sue gawker that it forced them to declare bankruptcy. thiel responded in an especially ed piece says the cruelty and recklessness were intrinsic parts of gawkers's business model and somebody had to stop them. thiel had been angry at gawker for years not just for outing him as a gay man against his will they did it really cruelly. so when the opportunity came for thiel to hurt gawker he took it. some people, mostly journalists, were alarmed by that. one billionaire with a war chest so big he could shut down the website. >>> another 3 for 3 on the open. the dow opened at a record. the s&p 500 opened at a record. the nasdaq opened at a record. this morning the markets are slightly lower despite the fact we saw consumer prices are down or level again. inflation is just not an issue and it doesn't look like, the fed is always going to look at that. so another reason not to raise interest rates. >> remaining pretty

who: outside of peter thiel spoke to the rnc but he has not actually given money to the donald trumpo a super pac? >> that's right, we have not seen a lot of money coming from silicon valley towards donald trump and we have not seen him make a large outreach to silicon valley. he is in the south raising money in additional republican states with donors and he is not reaching a to silicon valley and maybe he will do that in the future but so far, there is not a lot of love lost between silicon valley and the donald trump campaign. scarlet: our thanks to you. coming up, it has been a rough day for commodities but that is not taking the shine off of one metal. in fact it is peddled to the metal and stockton is predicting there is more room on the upside. this is our mystery chart and we will tell you what it is on bloomberg. ♪ scarlet: this is bloomberg markets. matt: let's go to our markets desk. we have the big reveal a mystery chart. it has been a rough day for commodities but that's not taking the shine off one metal. the other clue is it is pedal to the metal. ramy: that was writte