>> reporter: good morning, i'm here with ron baron. s going to sit down with us in a couple minutes and the next couple hours, we are going to get to know the companies and ceos inside his massive portfolio. bar baron, a big investor. we are going to tell you about that and his thoughts on the market, what's going on with the upcoming election. before all that, we want to get back to joe with the top stories. joe? >> okay, andrew. it's friday. you know that. you have great guests. >> it is. jobs friday, too. lots going on. >> you know, we are all very tired after a long week. i'm just going to tell you, take it away, andrew. that's going to be the theme for the next three hours. this is yours. you have the good guests. you have the -- you have broad shoulders, heavy lifting. >> are you mailing it in, jeff? >> i'm not mailing it in. >> sounds like it. >> i'm mailing it to andrew. i'm not mailing it in. i'm mailing it to where it should be. he's got his jacket. let me see, is that white or a blue stripe on your -- >> well, if i was going

here to talk more about the markets ahead of our interview with elon mus income a few moments is ron barone chairman and ceo of baron capital, at his investment conference at lincoln center in new york city. great to have you. thank you for having us. >> thanks for coming back, carl. >> we got this election in a few days and this jobs number. i know so much of your thesis is that information gets sloshed around and markets don't know how to discount long term. what are you thinking about what's right in front of us right now? >> what i've been thinking about a couple weeks, probably wake up twice a night, go look at the odds who will win because it's affecting me. i don't think it will affect us long term. at least i'm hoping it doesn't. i think we've been through a lot in this country for the past 240 years, and we survived and, you know, profited and done better and better. exceptional country. i think that anything -- we've gone through depressions and wars and terror attacks, bank runs, everything you could think of. and yet we keep going. and we have this great system that's degraded

>> reporter: good morning, i'm here with ron baron. g to sit down with us in a couple minutes and the next couple hours, we are going to get to know the companies and ceos inside his massive portfolio. bar baron, a big investor. we are going to tell you about that and his thoughts on the market, what's going on with the upcoming election. before all that, we want to get back to joe wit

billionaire investor ron baron and tesla ceo elon musk, he's made his way to midtown. ive from the baron investment conference up next. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. yoyeah, i do.e? you guys are working on some pretty big stuff over there, right? like a new language for crazy-big, world-changing machines. well, not me specifically. i work on the industrial side. so i build the world-changing machines. i get it. you can't talk because it's super high-level. no, i actually do build the machines. blink if what you're doing involves encrypted data transfer. wait, what? wowwww... wow? what wow? there is no wow. >>> good morning. it is a.m. at goproheadquarters in san mateo, california, 11:00 a.m. on wall street. "squawk alley" is live.

and an exclusive with tesla's elon musk and ron baron himself 11:00 a.m. eastern time. want to miss it. jooim . >>> i'm sue herera. a passenger train crashed into the back of another in karachi, pakistan, killing 19 and injuring 50 more. rescuers are working to free people trapped in the wreckage. >>> defense attorneys in the bridgegate scandal have filed for a mistrial in the middle of jury deliberations. yesterday they asked the judge to give new instructions to the jurors on the top conspiracy count in the indictment. >>> the trial for a white former plimp accused of shooting an unarmed black man is under way in charleston. the judge issuing instructions to the 12-person jury before opening statements. michael slager is charged in the death of walter scott. >>> if you can't deal with this election hype, jetblue feels your pain and is making it easier for travelers to get away with an election day air fare sale. the two-day sale has numerous flights that cost less than 50 bucks one way. you have until tonight to book the flights. that's the news update this hour. back

ron baron, a major holder of tesla, 1.5 million shares.his is his thesis, he believes that all cars will eventually be electric. demand for electricity is tremendous. utilities aren't spending the money. grids are insufficient. and tesla is making a big move now because down the line when everybody and their brother wants a tesla, solar will be necessary. do you see the logic in that? >> i see the long-term vision he has. i think it makes a lot of sense. i think the question on timing, i tend to disagree. i think tesla has a lot on its plate now. launching the model three, the first mass market car, they have to do that out of profit, delivery targets of 500,000 by 2018. that's a significant burden to be facing. i think a lot can be done through a joint venture. >> in terms of the model 3, you say it is a lot on their plate, do you mean executionwise or cash flowwise? today, musk reiterated the fact he doesn't plan on raising capital. they have a cash cushion to get them through the model 3 targets at this point. it may be prudent to raise

ron hoon, fox 10 news. >>> when donald trump and his family move into the white house in january, 10-year-old baron trump is going to be the youngest presidential son to live there since john f. kennedy junior. he was kidded for looking sleepy during his father's acceptance speech, but come on, it was 3:00 a.m. i'm surprised he was there have been presidential sons since then, but only presidential daughters have actually lived in the white house since 1963. >> imagine that. >>> live pictures from skyfox here where for the second day in a row, students were walking out of class to start protester over the presidential election. you can see from live pictures, they are marching on camelback at around 7th avenue.pthis is tn phoenix high school students have walked out of class in protest of donald trump being elected president. >>> and then take a look here at these live pictures from san francisco. hundreds of protesters are marching toward city hall there on the streets. protests have broken out in several major cities, including new york, chicago, as well as los angeles. former new york mayor rudy giuli