eventually gave private ryan high remarks for the opening scenes of private ryan but then wasn't very impressed with the rest of it but he had some -- he paid a tribute to steven ambrose. and his achievements and they are indirectly related to of course private ryan and it was in the same review. and i just read you what fussle said in his tribute and i'm very fresh in my mind since this is the day after our 18th birthday of this museum. he said ambrose devoted his life to learning about war, world war ii in particular. you know, he had never served. he had a tendency to romanticize and fully on board with the good war. ambrose was indeed a popular historian and serious serious military historians were con descending about ambrose as a popularizer but said fussle, he is the very best we have. and americans have learned a great deal that's valuable from him. and his lifetime specialization in the war has resulted in an eminently useful work of art for which we should all be greatfat. thank you. [ applause ] >> we're showing american history tv programs normally seen only on the weekend

private ownership. so i favor private ownership for just about everything. >> host: so, professor block, this is the third in the series. what was the first book about? >> >> guest: the first one was why we should privatize roads, streets and highways. and my main impetus were two. first of all, do you realize how many people die on the government roads? almost 40,000 a year for the last umpteen years, last 20, 25 years. it goes up 35,000, 40. i mean, that's a lot of people being killed. and to just put that in perspective, how many people died in 9/11? just 3,000. how many died in katrina? 1900. and that's a one-shot deal. this is 35, 38,000 every year. and you might say, well, it's sort of like death and tax the, it's inevitable. but my view is, no, no, no, it's not inevitable. if you own a highway and i own a highway and we were competing and one of the ways we competed was who could see who could reduce deaths the most, the point is right now the rules of the highway are made in washington for every

you know what the subject of private ryan is. and we move to the end of at least my remarks and the story and what remains in our minds of private ryan and our imagination i'd say some authors have said that we all have memories and they are formed in different ways formed by films like this whether they are authentic or historically accurate documentaries or not. they have an impact. some of them aren't to be trusted. we trust that historians will help people understand the fact from fiction but for all of us there's always some mythology. and the story of the war is what has been composed as a mosaic of what has been composed over the years out of recollections and other people there here at our museum like in band of brothers and private ryan those stories many of them, 10,000 of them recorded and curated history. so it helps to form the public memory and we'll give a great deal of credit, not to just the way in which private ryan and steven speilburg and tom hanks all rallied around this d day museum and around steven ambrose

run then publicly run no privately run again and no publicly run again yes and they'd and the private firms actually had to back at least three times in total because they bought into the contract as loaded at the start of the contract they make greater profits and as a contract was on the subsidies decrease that they get from the government so what they do they they want for the first few years they cream off all the profit and then they hand back the case so if you look at the structure of a new public system which would have the benefit of of having an integrated structure one would be an argument for having an integrated trade union representation of in your the largest of the real workers' union by some distance but it will be an argument for having a single union operating for real we workers so's we didn't have disputes among unions as well as disputes between units of management and the absolute they were an industrial union were not for about a privilege for the higher pay grades or about a privilege for people who were awake already work we organize right across the railway

originally kind of was reluctant to get involved with the private sector bug. but. that was i think one of the successes of the obama administration's space policy was that they basically directed nasa to work with the private sector for lower thor bit launches and for taking crew up to the international space station and so this idea of a public private partnership. i really look at as being the key to success for the future. we're not going to have another apollo program whether for the moon or mars i mean apollo was a very special time we had a cold war going on between the u.s. and the soviet union space had been identified as one of the areas in which you could demonstrate the superiority of your culture and you know the the russians were launching things first and then the americans and finally we got to the moon first. but at a tremendous cost i mean at the height of the apollo program over four hundred thousand people were working on apollo it was for about two years nasa was getting almost four percent of the u.s. government's budget that's not going to hap

i've got 22 other books, but the series here is privatization and my idea is that if it moves privatize it, itself if doesn't move, privatize it, since everything doesn't move or does move, approve privatize everything. the only alternative is ownership or nonownership. nonownership no one owns the whales. that's why we almost ran out of buffalo because we weren't allowed to own them. so, nonownership is not good, and government ownership is -- i'm not sure which is worse. government is as far as i'm concerned is a libertarian, government is a highly problematic institution which is based on coercion and the libertarian ethos is voluntaryism. so i'm sort of against private own -- public ownership, government ownership and nonownership which means private ownerson, so aprivate ownership for just at everything. >> prefer block, this the third the series. what was the first book about. >> guest: why we should privatize roads, streets and highways. and my main embus were two. first you realize how many people die on the government roads? almost 40,000 a year nor last umpteen years, goes up

the phenomenon of private entrepreneurs, quote private entrepreneurs because they are not private for sure. in russian policy goes back to the czars are used to use people because he gave them political deniability and also relieve stress on the state budget. they don't have to pay for. the private entrepreneur pays for it but it comes ubiquitous on putin. think about this. it was an article in the "washington post" that one of the people who is sponsoring marie bonet and request a quest threat washington was another russian oligarch billionaire 1 billio1 million or as case ma. we now find out that russian millionaire or quick banner with russian connection with bank length attempted coup in macedonia and greece. that was uncovered about a week or ten days ago leading to the expulsion of two ambassadors. same guy who organized private militias for crimea and the united states was involved in the montenegro which was about a year and half ago. other businessmen presently are involved one way or another and financing these kinds of what you might call great area phenomena or under the r

they want to privatize totally. that comments from rick and from james, the private-sector would jump to the special needs of veterans if given a chance. >> guest: these concerns were brought up during wilkie's confirmation hearing and he pushed back and said he is not for privatization. secretary shulkin said the same thing. privatization is a gray area. it is different for different people. for some people bumping up private-sector appointments to more than one third of appointments across the va like they are now is considered privatization. this is a concern under the trump administration and the concern for a long time and we have to pay attention to it. lawmakers, republicans always say they are not for privatization privatizing the va will take an act of congress that would never happen because it will never get support from veterans but like i said, we are going to be paying close attention to this now that there is a permanent secretary who can make major changes. of the 19 next from manassas, virginia. tha

going private. then, you will have less distractions. thirdly, you do not have to look much further than michael dell. he teamed up with silver lake a couple of years ago, took them private, and has been very successful. -- itchanics of this are is unclear to be honest read you are talking about -- honest. you're talking about the high based onty that $420 price. it depends on how much of the current investors will rollover email. outlines in the and, how much would be equity and debt? $45 billion or so, that would be the biggest lbl of all time. there's a lot of skepticism as to whether he can pull it off economically. we spoke to ivan who covers tesla chief investment officer's. take a listen. >> it is not economically make sense for him, and in the stage that the company is in, it does not make sense because he is in a growth stage. companies going private in a mature stage are usually generating significant cash and the shares are not getting a valuation that shows the value of their cash genera

private. it's a $60 billion plus venture, and it would take a lot of financing, and he says he has the financing. meantime, stocks are, again, on the verge of historic highs. strong earnings, a big part of the narrative, but not the only factor here. we'll tell you what's driving the market and whether the rally has legs plus, disney is on deck. the stock is higher ahead of profit reports, and there will be plenty of big questions outside of the results for investors. we will break it all down for you. and navigating trump world many companies have weighed in on the president's policies either for or against, but does it pay off to take a stand on political issues trump or no trump? power lunch starts right now. >> the s&p on track for its highest lows since late january when it set a record high. not every name is soaring. shares of zillow tanking, but revenue missed estimates the company also issuing weaker than expected guidance, and says it's buying a mortgage lender. check out dean foods

so, this was the subtex of private ryan. we were fighting these terrible nazis, who we later discovered how inhuman they were. we already knew a little bit about that before the gi's did, but it is that same good versus evil civilization versus the edge of reason and civilization that comes to this metaphorical bridge, and in a way, america was defending that bridge against the barbarians too. then you come to the end and captain miller ends up in a cemetery, as you all know -- ryan ends up back in the cemetery. but, as captain miller died, he says, you have to earn this, as we all know, in the movie. he goes back to the cemetery with his family and says, he tried to live life as best as he could, hopes that that is enough. he tried to live life the best as he could, and he hopes that it is enough. brokaw would say he was emblematic of that generation and the good war. private ryan really fed into that narrative. and then we just say that this national world war ii museum, and the originial d-day museum, is also part of the

we have things like google busses which are a private service for private companies. has nothing to do with public transit. that's all i wanted to say. thank you. >> chair c. brinkman: thank you very much. next speaker, please. >> clerk: glen urban. he is the last speaker on this matter. if anybody else wishes to address us could you please stand up and lineup along the side so we can move along quickly. thank you. >> my name is glen urban, i own a gas station with my brother cory. real quick, i keep hearing people want the red lanes to be -- because they speed up busses. sfmta said to the state that the red paint does nothing for bus travel times. it's in black and white, you can look it up. the confusion between putting down red paint and transit only lane seems to get mired in the discussions. you folks have received a bunch of emails from me, my brother. i encourage you to delay any vote on this project because we will file lawsuit, if the red coloring was so important, back in 2012, the sfmta was given permission to experiment, the experiment went through years t

is to complement, not compete with private sector banks we fill in the gaps in the market that the private banks can't or won't to level the playing field overseas. many large international projects require the involvement of export credit agencies like ex-im bank if not there exporters have to make the difficult decision if there is production offshore to get financing from another country or lose the sale. none of these options benefit the u.s. economy. small and medium-sized businesses will expand their sales in overseas markets 90% of the banks transactions help small businesses and in 2017 nearly 5000 of the ex-im bank authorizations went directly to the smaller american and companies it is important to keep in mind they don't begin to measure the thousands and small and medium-sized businesses for larger -- larger american exporters today ex-im bank is more than $10 billion sitting in the pipeline that include power and mining and advance information technology to support thousands of american jobs here at home and the bank looks forward to continuing to do work on behalf of the amer

monitoring this private jail need to be answered. whether they were monitoring this private jail needthe state has taken over a private prison.|j think it is absolutely right, the prison system is under pressure but the list ofjustice clearly needs to raise its game. —— ministry of justice. this headline from the sun. woman overboard, but the headline, lucky girl. i found this very interesting, i lucky girl. i found this very interesting, lam informed lucky girl. i found this very interesting, i am informed that cruise ships have large railings and it is hard to get over. these are actually quite substantially built ships. you do notjust for. the second thing that strikes me is that she was in the waterford ten hours. what was she doing? doggy paddle, treading water did she have a lifejacket? you wouldn't because she was presumably standing at the back of the ship waiting to fall out. i ama of the ship waiting to fall out. i am a bit sceptical. i am a bit sceptical. if i cannot —— out of the water after ten hours and look as good as she does i would be quite pleased. i am good as she

the user tells musk it would only be fair to convert those shares to private shares in a new private tesla company. musk seeming to reassure the user tweeting back to him directly saying, quote, absolutely and super appreciative of tesla shareholders, will insure their prosperity in any scenario. and the tesla ceo saying shareholders could sell at 420 or hold shares and go private, saying, tweeting exactly that. there's no word who the mystery funder is, but the tweet follows reports that saudi arabia and sovereign wealth fund built about a $2 billion stake in the company. he plans to stay in charge even if they're private. liz: that's what i want to ask you about, ross, the saudi arabian sovereign fund going heavily into this, taking a large percentage. still a minority stake here. could they be the ones who offer the funding? work this through in your mind as the halt continues here at $367.25, tesla not moving right this second. ross? >> i think you've got it right here. money is coming from saudi arabia. you know, they are very desperate to diversify their economy there and espec

we want to be private. you don't want to deal with the shorts sales and gmarkets and th conference call again where you have to deal with the ridiculous analysts. >> i had to laugh at the tweet yesterday regarding the saudis and tesla. how does the old wall street saying go? you always want to lose money on your hedge this is what this would be. >> yeah. >> remember paul jacobs is trying to lbo qualcomm. >> that was fanciful. >> maybe they can get together. >> get together and lbo both companies and create a giant antonymously electric powered phone. >> you're calling elon musk a liar you did this you couldn't find anyone. >> i've been doing this a long time i'm not saying it's impossible, because there are always new interesting structures that bankers can come up with but it does seem to be somewhat fanciful, to use one of your words. >> harvey pit was on in the last hour and asked what he would do if he were at the fcc. he said i would defer to those in enforcement and called the tweets problematic and s

going private is very hard to do.i have talked to people on wall street and they said you have to compare with dell and dell is much stronger -- is much smaller, but dell at the time had 5.5% cash flow. chart that shows the red line is breakeven. this is -$800 million of cash flow. who is going to lend them money to take this private? dwight: people have so far. been in that credit has burst. it is hard to lend much more money to a company that is not only negative cash flow but there are still operational issues the company is working through, a long way from dell. david: even on the corporate finance side, you said something important there. if you went private, you could not do that. you cannot have convertible debt in a private company. dwight: you can. this conversation is going to get to what this company looks like if it goes private. there are certainly private companies that have converged. tech companies go private all the time and raise capital, large valuations most often it converts. the question is can y

and when things, private companies i will be primarily referring to the ones. because it's the most well-known company, the one that destroyed in syria and some sources say 200 people were killed but my information said that it's close to 300 persons that were killed in syria. and speaking in retrospect i have to say that employment of priorities rising groups for achieving geopolitical economic objectives has been one of the, entitled an important tool of the russian way ofpolicymaking . different training both before 1917, during this and after 1991. it was a preserved state there and on the basis of my research published by the jamestown foundation, continuing war by other means , private military company in the middle east, we connect with the deserving functions to the russian bnc's and here are three functions carried out by russians. first of all, economic function which is realized and conducted here at the concept called power economy. secondly, the geopolitical functions , promotion and support underscored with president putin and then in 2012 and in

how much the private sector wants to put into it depends on. what they will do you know do they need to make a profit from it i mean jeff bezos has said you know he he runs the amazon business because that provides enough money for his space company he's he's motivated by his work in space is not really to make a profit but when you look at what's happened over the last few years it has truly been revolutionary we have seen a tremendous amount of innovation just the idea of being able to reuse parts of the rockets nasa tried to do that with the shuttle economically it was not a complete success but. you know nasa was never on its own probably was never going to develop the ability to reuse parts of the rocket or even to substantially bring down the cost up until space x. came into the game nasa's launches were all with the united space alliance which was a monopoly created by boeing and lockheed. and they had no real motivation to reduce the cost of flights because they were getting their contract basically they had no competition and they were

private correspondence, members private correspondence, members admitted they are working in this way, regulating private property rather than using eminent domain to take it and compensate owners for it. was in a way a way to do a big job on the cheap. there are a number of advantages relying on regulations in implementing the coastal plan. the chief planner explained in 1975. primary among them his regulation does not require the expenditure of large sums of money, as do acquisition techniques. the idea was to get as many concessions as possible without taking property outright and having to pay compensation. property is not a unitary thing, right? you can make conditions on the use of private property. the coastal commission was saying let's figure out by ourselves and in the court how many conditions we can put on private property in the interest of saving the environment and protecting the public's interest to beach access to natural beauty, to the pacific ocean, all right. the coastal commission was not always popular with land owners and developers. they were also not popular w

would argue for privatization of you know milton friedman style privatization of education privatization of just about everything and limiting the government to a very small government so doesn't that go completely against socialism and even some of your ideas which i understand you're for example against the idea of private property. yes and you know what drew me into the party was really you know it's stances on anti-war you know eliminating victimless crime laws though those are issues that i'm passionate about. and i think those are the biggest issues that we are facing the privatization everything that came after and i never really took to it the libertarian socialist ideals do flip that script a little bit when it comes to especially private property we make a distinction between private property and personal property you know absent. giving title owner. for absentee owners letting natural resources be privatized in the hands of the few we see this as authority we see a directly opposed to libertarian principles so what we advocate for is more worker control unionization you know w

and can i buy private shares using bit coins, please say yes. and role pd tweeting is this a weed joke, because $420 the price is also a reference to pot i am told, wilfred >> nevertheless the tweets have continued to the extent that is almost certainly not it case we should say he's continuing to tweet. we'd love to hear from him if he's watching. mr. musk, please call into the show i'm sure shareholders would hear from you directly on this extraordinary afternoon. >> john told you about the ft investment into tesla which initially moved the stock. also joining us is james from consumer edge research for more on today's tesla action. good to have you here. arash, tell us what you know and do you think is there a connection between the saudi investment and tesla and his desire to go private >> okay, let me start there and give you some background on our story because that's fundamentally what prompted all of this. i've been working on this for several weeks and what we learned if you remember when the crown prince came to the u.s. in march he di

originally kind of was reluctant to get involved with the private sector but. that was i think one of the successes of the obama administration's space policy was that they basically directed nasa to work with the private sector for lower thor bit launches and for taking crew up to the international space station and so this idea of a public private partnership. i really look at as being the key to success for the future. we're not going to have another apollo program whether for the moon or mars i mean apollo was a very special time we had a cold war going on between the u.s. and the soviet union space had been identified as one of the areas in which you could demonstrate the superiority of your culture and you know the the russians were launching things first and then the americans and finally we got to the moon first. but at a tremendous cost i mean at the height of the apollo program over four hundred thousand people were working on apollo it was for about two years nasa was getting almost four percent of the u.s. government's budget that's not going to hap

why some are opting to stay private. bloomberg. ♪ a slew of high-profile startups are opting to stay private for as long as they can. investors and employees are finding more ways to trade shares privately. deals in the private market have grown dramatically this year. are joined by nelson griggs, president of the nasdaq stock exchange as well as bloomberg's julie for hay -- julie of her -- julie, whobeen has been reporting on this. -- what is driving the volume difference? all i can think of is uber. >> it is a group of companies. you have a lot more activity this year. we saw at least 50% more companies to conduct these private transactions and it is driven by the fact that they have changed from company buybacks and third-party tenders. that is driving a lot of the activity. emily: are they typically trading at a discount to the are --private valuation? or our employees at insider getting more for their money? >> typically when there is a discount it is from the last preferred round. it depends have a public markets a

private contributors? i see no evidence that russian private military companies are engaged in cyber activities. they probably have some cap abilities but it's not sure what that is. the russian approach to war, temporary war is a whole state operation using all the ortruments and creating innovating new ones or doubting one's that have specific rules and regulations that are adapted for military use area they operate under a completely different paradigm. let me be the first to apologize because i have to draw to a close here. the hook because i am tasked with making the trains run on time. i know there are lots of other questions and the speakers will be around in the cracks at the end of the conference. i hope you can reserve your questions for them there. please join me for thanking these panelists, this has been an informative session. [applause] [indiscernible] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] wash

he could run the company as a private and enterprise.tesla burned through $2 billion of cash in the first half of this year. what can be there cash position going forward? >> they are sticking to their guidance for third quarter. gap profitable and free cash -- that cash from operations positive. answerk that the right for profitability is right around the six or 7000 units per week of production and delivery. . we think the model three is the secret there. they are missing the production and assembly of the model three, it is more advanced and automated and vertically integrated than the model s or the model x ever was. that is somewhere on the way to 10,000 units per week. we think the corporate entity is profitable on back cap of this year. i want to ask you, about taking on the shorts and warning them that they would be burned here. are the regulators looking at this saying what is going on here? someoneever want to see intentionally manipulating stock , taking advantage of shareholders. hand, the proof is in the pudding and we will

the phenomenon of private entrepreneurs or quote private entrepreneurs for sure. in russian policy they go back to the czars. they used to use people became because it gave them deniability. it has become ubiquitous under putin. there is an article there last week that one of the people that was sponsoring them. in the quest for influence throughout washington was another the russian millionaire. was bankrolling the attempted macedonia and greece. it was recovered about a week to ten days ago. the same guy that organize private militias. for crimea was involved in the months montenegro crow. other businessmen are involved one way or another in financing the side. it might be a gray area phenomena. were under the radar. but they are military operations. two up and the west. in advance russian and national interest. at the same time there are thousands of men and i wrote about this eight or ten years ago as well as those more consolidated. to defend the state and there outside their outside the regulatory command. they belong to putin. as does the state. for the old

you have in private organizations private companies that are built on a capitalist model you have you know very few select people making all the decisions. we make a distinction between you know a big deal in a small d. democracy and that distinction would be the emphasis on individual liberty one's rights to have control over their own life as well as free association which is. based on consent you know if you're not able to revoke consent then it's then it's authority and that's that's where we draw a distinction. so it seemed to me that you would be a big proponent for example of cryptocurrency use and alternative currencies to basically shatter the strength of a centralised monetary economy which we currently have with central banking. cryptocurrency is that would allow for more potentially community created economies . definitely i think i think it's pretty interesting market right now it just feels like gambling to a degree much like the stock market but i think it has a lot of potential. candidate here running for mayor of detroit she was running on a platform of instituting a.

this is what michael dell took it private, apparently doing very well in private, why do i need this sellers in the market. >> i get it. >> this thing could go on for a while before this thing shows any promise or profit. trish: pressure of the public markets and shareholders and quarterly earnings, yeah, it is for the birds, right? >> not for the birds. makes us a system and makes us strong -- trish: however has to be the right environment because the market is not always as understanding as it should be. in other words the pressure for him to perform every single quarter, to be on his "a" game, et cetera. >> trish, one of the problems is, the stock was behind. you know, listen, amazon, remember amazon was hyped early on, right? came down and came back. jeff bezos had the fortitude, the stomach, to stomach it. elon musk apparently does not. trish: adam, charlie, thanks so much. we'll be right back. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95.

is going private a real possibility? i want to bring in jason kelly who covers private equity.lso with us is our reporter that covers all things tesla. you've been working all day long on this. >> i think the timing is surprising. the fact that he wants to take them private is not a surprise read he has talked about this in interviews with us, the rolling stone profile. -- not a surprise. he has talked about this in interviews with us, the rolling stones profile. he said it is easier to run a private company. you can focus on the long-term vision. emily: and block post, he further explained his thinking. he said a final decision has not been made, but the reason for doing this is all about creating the environment to tesla to operate. the wild changes in stock prices can be a major distraction. jason, you have covered private equity for a long time. what can you tell us about the possible mechanics of this? how this would work. jason: first of all, this is the exact language every private equity guy uses when they are trying to pitch someone on going private. then, you will hav

there are some downsides to going private, but on the whole, private companies are allowed to be moreive, more innovative. i think if he wants to accomplish with tesla what he has accomplished with spacex, i don't think he can really do that as a public company. seniormarco caceres, analyst for space studies at the teal group. janus partners disclosed to new positions in facebook and aliba ba, microsoft, alphabet, grubhub and dxp technology. they exited several high profile positions including northrop grumman, correct, dr pepper -- keurig, dr pepper and cigna. coming up, is google tracking you even when you tell it not to? the aclu on the latest battle in respecting user privacy next. this is bloomberg. ♪ emily: intel disclosed three flaws in microchips that could be exposed by malicious actors. they could be used to steal information like passwords and financial records from computer memory using malware. intel says they are known and fixes are in place. the chipmaker added that it would be very hard to exploit these flaws. another big firm appearing to violate user privacy. this ti

you can make conditions on the use of private property.the coastal commission was saying let's figure out by ourselves how many conditions we can put on private property in the interest of saving the environment and protecting the public's interest to beach to theto natural beauty, pacific ocean, all right. coastal commission was not always popular with land owners and developers. they were also not popular with conservative lawyers and legal scholars, all right. writegal scholar begin to articles and columns arguing that these new land-use regulations were undermining the foundation of a market-based economy, private property, right? we never could know what we could do. , whether wever sure could build on a plot of land we bought, he pointed out, people would never invest money to acquire it in the first place. they would not know what their own stuff is worth, all right? land is died as a priceless valued as ais priceless resource. no longer is it seen as a commodity to be bought and use freely, but respect as a resource to be conserved

if you compare that to saving private ryan, i would say the opening germans in saving private ryan have more in common with the orcs in ortt of the rings than the germans you see in the longest day. i also think it is important that in the longest day there is an emphasis on the allies that the french and the british are given equal standing in the telling of the story. in fact there were more british troops used in the day than u.s. troops. this is not -- this is one of the absences in saving private ryan. there isn't even an attempt to talk about the british experience. except this line about how horrible the general is. saving private ryan was serving other needs. that the united states had in the night -- which didn't include acknowledging and affirming alliances. that was about going alone. these both have consequences and shape the way a film is put together. >> they need to assert a way of taming young people going into the 1960s. and probably the high water roach of the implied understanding of germany and others like this. along with the submarine hunt movie. i think it is grea

>> tesla should be a private company. they have this broad, big vision, and this more than just making a great car and accomplished that and it makes more sense to be a private company and that's on one side of it. on the other side of the equation is investors, public investors, who believe in the story. this is obviously, just listening to the conversation a very opinionated investor base, but the believers believe that this could be a much bigger company and how much bigger, think of it this way, is that this take-out price valuation we're talking about 85 billion for enterprise value and investors that i talk to think this company could be three, four, five times bigger and when you put it into that context you have two forces and this opportunity to run the opportunity more efficiently as a private company and separately, some of the public investors who believe may not be able to invest in whatever private vehicle that they create that lays the groundwork for potentially a higher bid or some sort of higher valuation

i'll buy the whole company back and make tesla private again says c.e.o. elon musk in a tweets that sends the electorate to make his share price up eleven percent and leaves analysts shaking their heads. and more trouble in the air for ryanair as its european pilots go on strike over pay and working conditions at europe's biggest budget airline flight cancellations will affect twenty five thousand passengers on friday. i've been physical and let's do business chief executive ilan musk wants to take the electric car maker private test the shares surged by eleven percent on the news before trading was hold it for more than an hour on tuesday or wednesday the board of directors said it's going to evaluate the plan. if musk can succeed in taking tesla private it would be the largest leveraged buyout in history. musk tweeted on tuesday that he was considering taking tesla private at four hundred twenty dollars a share saying that he'd secured funding ideal at that price would represent a price tag of about seventy two billion dollars he didn't say where the fun

you had talked about going private where our reporter ask asking him to step away from the process. what does that tell you about how the market feels it's what the shorts thing it's a difficult trade especially with a name like short. >> the board is just getting around to hiring an independent backer is recommending it. >> he must recuse hills and the proper thing -- recusing sxhims he believes like he's going down this path. we need more details than that it's astounding and this is a real huge company and that they're asking this way, it's ridiculous. >> he doesn't think it's preposterous that there's a private bid and despite the fact that they continue to burn cash and lose money the point is what is the protocol that this guy borrows and is this announcement by a board that now has to do something. that's not a reason to rally the stock 5% necessarily that's why this is dangerous if you bought stock at 385 on tuesday afternoon and you find yourself at 350 today and you panic because it could be at 310, you may have lost a lot of money here here's the point i don't know that t

will see the creation of small and medium sized private companies and. the national assembly seduction of a draft constitution followed hated debate some lawmakers expressed concern that the changes could effectively made the end of communism julio feels insulted by some of what traditionalists had to say. ok nothing real we. fly herds of males in the national assembly over whether it would be right to allow artists and athletes to accumulate wealth. but it can input in the one hundred talents and skill matters to me when people said it's a demeaning role they were degrading our country. to him for what he said important enough in. private property and the role of the market and now set to be enshrined in a new constitution but this still has to be officially approved in a referendum certainly that way though i agree with what's happening and i hope other changes in our country will also be taken into account through further modifications of the constitution that mining a lake eleven to the same player the private sector should be recognised but companie

i do think you have to look at why you would want to go private. can see why the saudis would want it, they'rie diversifying their economy, they want tesla you have to see what's in the interest of the tesla shareholders and quickly, getting back to twitchy twitter happy ceos, it happened in the white house, too. twitter is not per se a bad platform, nor is a telephone a bad technology but when you use it without thinking or when you use it in ways that can blind siside your staff or board of directors, that's a bit of a problem, and twitter does kind of encourage you to get up early in the morning or stay up late on a saturday night and get a bit twitchy, twitter fingered. >> stephanie, if we look at tesla and think about what investors should do, assuming you're accredited and have the option to be in the company as a private company, do you think there are dangers, especially given the fact that the key person in the company isn't necessarily bound by convention in being less liquid, being in a private company instead of public >> sure, there ar

private property with a base in cuba. you enjoy military summer camps in russia. but first we go to say you to spain's exclave on the northern coast of africa where thousands of refugees are stranded behind the meter high border fence to the spanish city. and his friends have to make their way to the high delta carefully it's in the mountains of morocco near the border with say you they say the police could show up at any time and destroy their camp. the group has thousands of kilometers behind them now just a few hundred meters separate them from europe that and so you just fence. this man from guinea shoals as deep cuts there from his attempts to storm the border for. my father is dead my mother has nothing not even food i'm the oldest son and i want to try and make some money to help my mother that's why i left. i have been travelling for two years since leaving guinea nol they are stuck here with some fifty thousand others all hoping to make the journey from morocco to europe. the fence is here to stop them it's eight kilometers long and fitted with razor shar

it is really a private equity.ve been with one private equity from their that has been actually, partner and until very recently, they performed very well despite currency depreciation. that is really are exposure. we watch it carefully. this is been coming for a wild, and if you have rising inflation in your economy and you do not to raise interest rate, and you have a lot of foreign debt, this is the type of thing that happens and it happens time and time again. phrase, hedging policy has been used frequently today and that is what has been going on there. it is not a surprise to anyone who looks at macroeconomics. >> as a global investor, when you make these investments, you are keeping an eye on the political landscape because it plays a role in what is happening in a country like turkey and plays a role in the rising tension between canada and saudi arabia. i am sure you have been monitoring, can you give us a sense of how this story escalated? >> it is not something that is relevant for us. unlike turkey wher