solar city, i assume you wrote this before solar city was up 19%.jumped today, and we got your notes early today when you said solar city's a buy. is it still a buy after a 19% increase? >> well, obviously, the you're a little bit shorter term trading, you wait for a little pullback. however, if you're a long-term investor, i think it's extraordinarily dangerous to short solar city, because i'd say shorting solar city is shorting elon musk. you don't want to short the albert einstein of this generation's stock market. the guy's a genius. solar city could be on its way to a hundred and more. david: by the way, i how did you know, jason, i just have to ask, how did you know? did you have some kind of clue that today was going to be the day when it was up almost 20%? >> oh, no. i mean, i didn't know of any announcement or anything. david: that's pretty impressive. >> i like elon musk, and i like solar city. secondly, they have over 110% quarterly revenue growth. the russell was the leader today. my picks go with the trend of growth and momentum. so i t

solar city also says it is in talks with new york to build one of the largest solar panel production plants in the world over the next two years. >>> well, pretty soon, if you use u.p.s., the bigger the package, the bigger the price. to offset the rising fuel costs, the world's largest package delivery company is changing its rates. starting on december 29th, just after the holiday season, the company will start charging by the size of package for all ground services in the united states and canada. right now, u.p.s. charges by bulk and weight by air shipments. fedex, by the way, did the same thing last year. >> a follow-up now to a story we covered as breaking news during yesterday's show. firefighters are applauding kelly park leaders for cutting back thick brush in the park and helping to keep this san jose brush fire from spreading. more than 50 firefighters helped extinguish that six-acre blaze that happened near the happy hollow zoo in san jose. firefighters say the fire could have spread much faster if not for the fact that the park had a to trim down its brush. cool temperatu

and solar city.a programming note, the chairman elon musk will be on the closing bell in the next half an hour right here on cnbc. do not change the channel. netflix getting a boost from morgan stanley which up graded the stock with a price target of $500. the firm believes they can reach 50 million u.s. subscribers by tend of the decade. dsw moving higher after the shares were upgraded by goldman sachs to buy. and they're awesome shoes. i just added that part. >> 36 points for the dow. we'll go out quietly as we wait for the fed meeting. >> after the bell. stay with us for a first cnbc interview with elon musculoskeletamusk. he's in the house. spacex named the number one company in the cnbc disruptor list. kid: hey dad, who was that man? dad: he's our broker. he helps look after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're not happy? does he have to pay you back? dad: nope. kid: why not? dad: it doesn't work that way. kid: why not?

we catch up with alcoa's chairman and ceo, klaus kleinfeld, coming up. >>> and solar city has been quiteilblazer in the home solar panel installation business, but it does much more than that. now it's got a new acquisition under its belt and new goals, manufacturing to heat up its business. we'll find out exactly what those goals are. solar city's cofounder and ceo in a fox business exclusive. you've got to hear, they are big disresulters. ♪ ♪ means keeping seven billion ctransactions flowing.g, and when weather hits, it's data mayhem. but airlines running hp end-to-end solutions are always calm during a storm. so if your business deals with the unexpected, hp big data and cloud solutions make sure you always know what's coming - and are ready for it. make it matter. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take

solar city officials say the company will build one of largest solar panel production plants in the worldter the acquisition. the lants would be located in upstate new york. >> the walls of san francisco city hall are transformed. 100 photographs are on display taking at look at rural workers in the central valley including exhibits on pictures of farm workers and farm labor leaders and captures contemporary life in california's heartland. the works of nine photographers are featured. one man spent years documenting life in the small town of lost hills. >> i'm lighting and trying to portray the same tools at i use with celebrities to show every day with the same kind of honor and suspect. >>> this exhibit is located on the bottom legal of san francisco's city hall and runs until mid-september. >> a family is hoping a golden retriever found wandering through a camp ground is the dog they lost on a catching trip a year and a half ago, five years old was separated from the family during a camping trip to the lake tahoe national forest in october of 2012. a couple of weeks ago, a stray was sp

and solar we told you when we talked about solar city not to count him out. is jumping once again, they are such an interesting business model not only do they lease, they install and are manufacturing solar panels. a fox news exclusive. and the stock is up about 100% over the past year be at melissa: can't wait. here is what is making and losing money today. anybody with a piece of bed, bath, and beyond, shares are thinking right now after an earnings outlook below expectations. the prophet flatlinin flatlining year-over-year basis, the stock getting soaked right now. over 3 million shares, he lost around $13.5 million today. not making as much, hillary clinton, sales of her memoir dropped sharply in the second week dropping nearly 44%. it will fall short of the 1 million copies the publishers hoping to ship to stores. making money off your old kfc food scraps. the company turning out these chicken wing bones. they cleaned up, coated in copper and pleaded in 14 karat gold for whoever wants to buy one. not me. all right. fly in style, look at how the world's

solar city, announcing plans to build the world's largest advanced solar panel factory in upstate new york. shares of both tesla and solar city you can see in the green this morning. tesla up 4% after a 9% move yesterday. solar city, up 10%. kevin, do you buy into the future here nor solar? >> i do, actually. i think it's a very interesting opportunity. there's a hard core con stitch twhaens wants to own this technology. support it, and i think for states it's always great to talk green. and i don't know why we're using laws from the '70s to decide what technologies get distributed where. that's what's happening here. a huge advocate for moving forward, providing distribution any way we can and let them disrupt the dealer network. i don't care. >> i completely agree with kevin here, and i mean, elon musk is a steely eyed missile man building out a battery factory state-of-the-art. what's to build solar. so few start-up, entrepreneurs are willing to take that capital risk. either way, it's a bold bet. >> interesting to see where this bill is in the new jersey legislature and i'm intere

you follow solar city. what's your take on this deal? rt of a deal that came at the right time. it's almost like they're changing. -- this is a company that installs solar panels and then finances them, and then dr itch this thing red flagged. >> why is this out of nowhere? isn't this exactly what tesla did with the giga factory? manufacturing a battery, manufacturing the panels, making sure you have the right supply for the product demand that you sigh in the future. >> melissa, currently there's tremendous supply. supply is not the problem pride now. you could argue they're taking the story saying we need this years from now, but i want to point something out. the reason it remains red flagged for me is because you have the base business. remember, what they're talking about is years down the road, two years down the road, plus if they get there, they've got to get financing, they have to figure a lot out. in the meantime you have a business that's ongoing. >> it's hard for me to agree with herb, but i'm going to agree with you. you wou

is it elon musk's solar city. talk about with the ceo of the battery technology company next. governor rick perry on tesla. you heard from the man who beat eric cantor himself. we will ask govern perry about that huge upset in virginia. all coming up on "squawk on the street." spokesperson: the volkswagen passat is heads above the competition, but we're not in the business of naming names. the fact is, it comes standard with an engine that's been called the benchmark of its class. really, guys, i thought... it also has more rear legroom than other midsize sedans. and the volkswagen passat has a lower starting price than... much better. vo: hurry in and get 0% apr for 60 months on 2014 passat gasoline models plus a $1000 contract bonus. yao ceos and business leaders are gathering in new york for the first north american energy summit at goldman sachs headquarters. kate kelly is live with a special guest. good morning, kate. >> thanks so much, simon. i'm here at the goldman sachs north american energy summit as you

we talked about these, for instance, solar city, elon musk's other job running solar city instead of tesla. solar city busted all the way down through the 50s and now it's back up to 70. i mean, you look at opportunities like that. we always talk about oh, i like the stock $5 lower, and we listen to that and say these people are idiots that say that. when it gets down there, they won't pull the trigger. many of these stocks did give you those entry points. if you didn't pull the trigger then you're regretting it right now. >> i'll give you a quick mo-mo name as well that doesn't get thrown in but should be, under armour. fantastic numbers. everything sells off and everybody says the valuation is too high. underneath 50, michelle, an absolute gift. blood in the streets, nobody wanted to talk about that, talked about that on the show. this is a great opportunity but a lot of people don't want to take the opportunities because even though they say they don't like them, don't buy them and now the stock is pushing 60 bucks a share. >> do you buy it? >> at 60 bucks a share, i don't think y

solar city recently did a securitization. they were projecting very low annual defaults. .3% annual. >> why? >> people are saving money on their utility bills so if they stopped paying for their solo lease, -- solar they're actually paying more than they would've otherwise. it is a net savings. >> one of the criticisms of solar city specifically -- there was a notion of the duration of the panels themselves. how long they would last and with the weren't these would be because some of the providers. the warranties go away and the companies go away. you surely have to figure that in when you figure out the duration. >> you think about most of the panels have 25 year warranties. the inverters have anywhere from 12 to 25 year warranties. >> the inverters are the sole pounder -- are what the solar panels plug-in to? a lot of installers are stepping up and saying we will provide a performance guarantee for the whole system for the life of the loan or lease. that is the way it is happening. quite to why -- >>? compete with what people's expectations or for electricity. people wa

it's a net savings on like other consumer lending. >> one of the criticisms of solar city in particulare was the notion of the duration of the panels themselves and how long they would last and what the warranties would be because some of the providers of the solar go for longer but the warranty goes away when the company those away. you must have figured that out. >> you think about most of the panels have 25 year warranties. the inverters have anywhere from 12-25 you're warranties. many times -- >> the inverters are what the solar panel plugs into? >> that's right. installers are stepping up and saying we will provide a performance guarantee for the whole system for the life of the loan or the lease. that is increasingly the way it is happening. >> why are they doing that? >> because they need to compete with what people's expectations are for electricity. people don't want to think about if the solar goes down that they need to fix it. they want to sign a contract that says i will get 20 years of solar power no matter what. if it goes down, someone will be there. >> you guys use thin

and we can look at some other options, and like, sat rating the city with solar. and unfortunately, if we blanket every single roof top in the city we will achieve 7 percent of the electric load. and therefore, even if we are able to reduce, 50 percent of our electric load through high amounts of energy efficiency, we would still only be at 14 percent. and maybe, with some additional brown fields or other sites we might be able to get 20 percent, but we are still going to be talking about importing large amounts of electricity, from renewable resources, in order to meet that goal. and alternatively, we can look at trying to get through the same 931,000 tons a year of diverted through some other means, like vastly reducing the number of vehicles on the roads in san francisco, and requiring more car sharing type of solutions, or going after natural gas use. and trying to really cut back on the amount of natural gas that is used in homes and businesses in cooking, heating and hot water, and particularly it is hot water and home heating, that are the primary uses of na

. >> is that something that you would do as a part of solar city or would that be a separate company?no, that would all be part of solarcity. >> give us an update as to the installed base using the solar city model. >> if you look at the history of the company, we have continued to vertically integrate. we vertically integrated our installations. then we vertically integrated our financing, then we integrated mounting hardware. this is the most competitive in the market space. this allowed us to increase our market share. this is vertical integration to reduce the cost of energy. this is just the next phase in our evolution. elon musku spoken to about this? what is his role as in guiding the strategy? >> was very involved in this decision. it turns out into simple math. if you believe that at some point we have to get a fossil fuel. we cannot keep on burning fossil fuels. what are the steps that need to happen? if you assume that the goal is whatever number you want to put in place, then you work backwards. what is the capacity needed to achieve that or the cost target? in order to ac

musk announced yesterday that solar city will arrive the company for $200 million in stock. ficials say the company plans to build one of the largest solar panel production plants in the world after the acquisition. plant will be located in upstate new york. >> today it is the run of the we alameda county fair, with fans have reason to celebrate as fair officials announce plans to bring back the fourth of july fireworks spectacular. attendees can enjoy one dollar admission and one dollar rides and leann rimes. perform. the fair is through july 6. >> i can see you salivating. >> good breakfast. barbecue. >> any time. >> massive corn dog that could feet -- feed all of us. >> it will be warm in pleasanton with temperatures in the upper 80's headed into the afternoon. here is a day planner in the next weather in five minutes along with the sonoma marin fair, the 75th anniversary starts together. winds show high pressure barely any wind out there this morning and we will be hazy as we look down from east bay hills into oakland and a beautiful picture, just a little gray because of

solar city plans to open a plant in new york. terms of the deal were not disclosed.rom the pentagon since the lifting of government sanctions imposed after the deepwater horizon disaster. the $43 million natural gas deal was the first contract in almost 18 months. >> siemens, joining with mitsubishi heavy industries for alstom's energy. trumping an offer from ge. siemens said the joint bid values alstom's energy assets at 14.2 billion euros. >> a little higher for siemens. four, nuance communications, the maker of speech recognition fiveare rose the most in years after reports it is considering a sale. taz talk to pr -- nuance has talked to potential buyers including samsung. hired citibank as an advisor, expecting to receive takeover offers. shire conducts most of its business in u.s. but is based in ireland for tax purposes. >> the company's proposed merger with sabine oil and gas is still on track, despite news yesterday that a loan fell through. shares surging, recovering from the 18% drop yesterday. has added 3otors million vehicles to its recall list, bringing

solar stocks like solar city also falling hard and check out sales force.com.he software company off by 3%. is this price action in response to a huge week or maybe it's a sign to sell. let's get in the money and find out. dan, what did you make of this action here? >> you know, it was very reminiscent of a lot of the action we saw in april and early may when the s&p was chugging along, we saw small caps act very poorly and then we saw this rolling sell-off in these high valuation sectors. uj naimed it. it was solar, it was biotech, it was social media stocks, and it was 3-d printing. when i looked at it today, the s&p is sitting there again at an all-time high yet there's a lot of weak action amongst those sectors. to me it was reminiscent of the price action when people were really scared about a month ago. >> also take a look at some of the big cap names that have been beat down. i'm thinking of apple for instance, mike. when apple turned, that's when the s&p turned as well even though apple got a nice price target hike by goldman. ahead of the world wide de

solar city buying a solar tech company, investors like it, solar city up 15%. today. up $1.33, 6.5%. i want to update you on iraq. it appears "likely" that us-made missiles have fallen to the hands of sunni insurgents. some neighborhoods, a neighborhood 40 miles outside of baghdad has fallen to the jihadists. we're joined by the america islamic forum for democracy. welcome to the program. we have not seen you for some time. i want to ask you two questions, first about syria which i believe is the country of your origins, and then about iraq. number one, syria. thyou blame president obama for what happened in syria in the last two years? >> absolutely. most syrians have been telling americans, congress, whoever would listen there is no political solution and if left alone it would radicalized the population in groups like a qaeda would thrive. if you look at what he noted in the "wall street journal" yesterday, isis has been given sanction. it is in the growth of the shiite radical across from iraq and into syria and into lebanon. stuart: now the next question,

. >> tonight, a big new push by elan musk to go solar the ceo of tesla is also chairman of solar city, announcing accusation of a solar panel manufacturer in france he says he hopes to build a huge factory in new york to drive down costs of making solar power, it's still more expensive than traditional energy. apple reached a settlement on how much it will have to pay for digital books. the winning attorneys had asked for $840 million but there is no word on amount they settled on. it will be a large figure, no doubt. >> late word tonight a terrorist bomber strikes the world cup, several people killed today. >> also tonight an arrest in benghazi attack claiming the life of a bay area dip pro mat and three others the message being sent to the world. >> michael finney, how to beat the rising costs of a fill up. turns out prices might be your best choice. take your time. no rcome on.y. with the chase mobile app you can get a lot done in a little amount of time from transferring funds wait a minute. you've got to be kidding. did you guys see that? that ball was out. to paying your coach f

. >> tonight, a big new push by elan musk to go solar the ceo of tesla is also chairman of solar citynouncing accusation of a solar panel manufacturer in france he says he hopes to build a huge factory in new york to drive down costs of making solar power, it's still more expensive than traditional energy. apple reached a settlement on how much it will have to pay for digital books. the winning attorneys had asked for $840 million but there is no word on amount they settled on. it will be a large figure, no doubt. >> late word tonight a terrorist bomber strikes the world cup, several people killed today. >> also tonight an arrest in benghazi attack claiming the life of a bay area dip pro mat and three others the message being sent to the world. >> michael finney, how to beat the rising costs of a fill up. turns out prices might be your best choice. ithe part of us thatis a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner mini only at the despicable me minion mayhem ride at universal studios hollywood. heat shields are

looking to boy a potential battery company in order to, i'm asking because it's interesting given the solar city news, they bought a solar panel. so they're going to the vertical integration model as well with tesla's gigafactory there is a potential tie-up with the battery side. they could even beat you to the un'ch in tomorrows of actually integrateing the business? >> yeah. it's a great question. think about where we're at. we have 1.6 gigawatts of the highest solar panels already vertically integrated. to that we plan on partnering with a battery supplier. of course, we will enter other business models. the real differentiation is what is the customer interface? that's where we will excel. >> how much could you spend on a battery company? >> oh, i think given our balance sheets, the strength of our balance sheet, our last capital raise we are in a position to look at meaningful start-ups. again, focused on integration, soft more more likely, but who knows? i don't want to put a number on it. it pegs, it's the start of a negotiation. with our balance sheet, we are in great shape. >> all right

i still think that's overdone, but tesla, solar city, amazon, netflix, the cold stocks bouncing back to levels not even possible a few weeks ago. the fear that the ideologues who don't trust the feds stirred up literally for years is that when the fed tapered the bond-buying program, it would destroy the market. no one who fomented this fear has ever been held accountable. i get held accountable including things i didn't do or statements i didn't make. but this is what really g lly g me. as investor struggle to digest fresh fear, they're getting a steady diet of good news. -- aren't we entitled to savor the tasty takeovers? did anyone in the press taste the joy of the bidding war that caused the 70% rally in hillshire brands? how about digesting the 19% gains that shareholders of williams got today, because the company took a controlling stake in access midstream partners. that's right, the acquirer rallied that much. the bids, they earned are not something to sneeze about the my view is as long as the acquirers can purchase strategic assets, we're going to get more takeovers, now fe

you like sun power, talk about it in the context of solar city. you like solar power why?that up against solar city in the recent acquisition they made, move in the direction sun power is in, producing high efficiency cells and models, and now it's a channel on the next positive for sun power. they sell not just to the residential market, but commercial industrial markets, so the rooftops of walmarts and large scale projects in the desert. very geographically diverse. exposure in japan, going gang busters right now, and then good exposure in the u.s. as well, and then you have a great management team that lived through that crisis of 2008, 2012, came out stronger, i think, as a position with their numbered accordingly. >> ben, how high do oil prices have to be to be an efficient trade? >> they trade, and we have to watch natural gas closely in different parts of the world, but we are cost competitive with natural gas plants and prices, and, you remove the volatility of the commodity risk there as well, and in the maintenance type of cost associated with the natural gas pla

it joins amazon, solar city and tesla. i can't possibly make an investment case for it, but that won't keep it from going higher, that's for sure. finally, we have what i call the new drug love story. no, mankind also rallying, and then there's it there's the amazing gw pharma. a push by piper jahvid ray might be able to use the epilepsy drug formulation to ultimately treat migraines and some form of autism. u.s. drug companies can't compete, because in this country owning mass quantities of marijuana is a felony. but gw is based in britain, and the fda is working with them, according to piper, to get this drugs into the hands of the desperately needed. british business, gw pharma cooks a takeover target of an american company looking to take advantage of the uk's lower tax rate. >>> here's the bottom line. the last day of the second quarter was a microcosm of 2014, lots of ways to win. somehow despite the odds, i think the third quarter may not be all that much different. let's go to tim in new york. >> caller: hey, jim,

we've worked with the go solar from the beginning it fits our vision for the sun in need in line we've partnered with san francisco programs to complete our installation here in the city. this local solar industry supports local jobs and wages and supports san francisco economy that is a great program and it's tripled its number of program and the capacity has been for single-family home and multiple family homes this helps the workers in san francisco. it works to meet it's one hundred percent solar energy goal this gives the industry the ability to hire the crews and reducing harm physical green house gas emissions here in san francisco >> thank you. next speaker, please >> good afternoon. i'm andy schwartz i'll keep my comments brief there's more folks who spoke eloquently we've a in san mateo the company employes 13 hundred folks employed in the bay area it supports the funding and this program is a driver in the area and it supports the objectives. the company has been involved a sense of the scale we have 4 hundred projects in san francisco or 1.3 megawatts that harassing have been supported through go sf for the market in san francisco and all the benefits in t

solar city up 9%.ng on news that the company, one of the largest installers of rooftop solar systems is buying a solar panel maker for up to $350 million. again, that stock is up. they plan to build a solar manufacturing facility somewhere in new york. in a programming note, solar city chairman e will lon musk will be here on cnbc. he's a disrupter, a guy you don't want to miss. i will be paying attention to that interview later today. >> i thank you very much. rick santelli as the fed kicks off a two-day meeting. rick? >> thank you, sara. for the first day of the two-day fed meeting and potentially higher inflation and uncertainty over exits we have the perfect guest. we have exactly ander richter who helped co-author a paper by the dallas fed. the zero, lower bound and uncertainty. translation, with rates at zero there may be a risk and a link putting up certainty and slower growth in the same sentence. welcome, alexander. tell us about the hypothesis that you have written about in the research paper

so india, taiwan, korea, eastern europe, mexico, i don't think everybody is going to follow solar city's lead, but on an individual basis, this can make sense strategically to vertically integrate. but i don't expect, you know, a flood of companies doing the exact same thing. >> they called and said stocks were up 8% on this news, was it worth an 18% top to buy panel manufacturer based in china and ten have you with the incentive bring that manufacturer back to the u.s.? >> look, if you asked me a day ago, would solarcity buy a panel manufacturer? i would say, no way, there is no way they will do that. there is more than enough capacity globally, but in the context of the trade wash, i think that there is more logic behind it and the company that he bought actually fits solarcity very well. these are high efficiency panels, perfect for the residenttial market. that's precisely where solarcity is playing. >> thank you so much, pave pavel molchanov. it's similar in terms of what he is doing. >> this is a bit gymicy. >> why? >> the ugly red-headed stepchild. >> how is it gimmicky? he's more

it is a high margin business. >> raymond james also likes solar city.out 30% from recent highs. it's the largest player in the u.s. residential market. there is also sun power which had an epic run. the relationship with total is providing opportunities for the company in africa, the middle east and eastern europe as well. there are opportunities in this space. yes, we have seen hockey stick-like growth but analysts think it will continue. of course i have more on this on cnbc.com. the tours we did of the facility, great stuff, guys. back to you. >> very interesting. thank you, jackie. the open table for doctors appointments following in apple's footprint. how zocdoc and apple are more similaren than you may think. and tesla's ceo is thinking of doing something, quote, kind of controversi controversial. our squawk on the tweet today, what he could have up his sleeve. we'll get your answers later this hour. ♪ "first day of my life" by bright eyes ♪ you're not just looking for a house. you're looking for a place for your life to happen. >>> at apple's wor

. >>> solar city is soaring, she tried to say. it's buying silvio, for up to $350 million. it wants to build one world's largest solar plants in new york state. >>> tesla shares at a one-point high. a new jersey bill -- however the big must still be passed by the state senate. separately "financial times" says rival makers nissan and bmw are interested in talking to tesla about collaborating on charging networks elon musk will be here live today at 4:00. he's one of our cnbc distributor 50. >> i like the black t-shirt. very armani-like. >>> here's how the home builders are faring. diana olick is live and on the case in washington. hi, di. >> hi, ty. the numbers remain not great, but analysts pont to the fact that they have record from a year ago. total housing starts fell 6.5% with single family down, and apartments down about 8%. both however are running well above years ago levels. permits were down 20%, but up 3.7% for single-family homes. that is the largest monthly move since the fall of 2012, and it bodes well for future starts. apartments had until now leading the co

look at solar city, gtat, a lot of these, judge, have made big moves today. i don't think that's over because i don't think crude or in particular brent version of crude are going to be coming down real fast. >> you were taking a look at chesapeake today? >> chesapeake is an interesting natural gas play. the stock has acted very well recently. it's back up to a new high today, highest levels it's been since aubrey mcclendon, the former ceo stepped down. also cog, a name in my playbook down about six percent in the last month. a lot of upside for that into the low 40s. >> chesapeake was my final trade so now i have to give you a new one. >> we can stay together, come on. >> when we agree, i don't know about that. i actually that that chesapeake is still very interesting because again it's a restructuring story. asset sales, improving the balance sheet. but i would point out, the engineering and construction names, the infrastructure names like floor and chicago bridge and iron, those stocks are down today and i think they're interesting. >> the world cup suppo

solar city has come out public, a whopping almost 800% here's another one.ll be a huge part of the gdp. intercept pharmaceuticals, it does a lot of liver disease research and drugs and that kind of stuff they came out 1,500% tins their ipos that's the part. >> dominator, dominating the picks. >> facebook, i think it's equally could be in the dow. >> non-existent. >> maybe. >> cell gynelove. i know jim cramer loves it. the whole space got whacked. they're a biotech name. >> i think there will be a dow in 25 years. >> i think nobody will focus on the dow. >> it's a bummer. >> it won't exist if 25 years, thanks, karen. >> all right. sorry. >> karen has a great point. >> i think so. >> i never look at the dow. we on the desk probably don't look at the dow. the s&p, russell. so we don't look at things like that just to play the game since the clock is ticking, i would say apple and dom would now with the split, that's been the topic where you would think apple could have a better chance of going in. it's price weighted. >> so everyone has been pondering that. i'm

solar system. we are fans of it. we know the city is fans of solar systems and if everybody can do it, they should put them up. we want other eyes from the city's planning department. the reeb -- reason this appeal wasn't filed is we never thought this would be the case. when we realized there were other members of the neighborhood that have similar concerns we made jurisdictional request. within 24 hours the permit holders filed a lawsuit in superior court. the good news is this dispute is going to move on to a different form. the reason we are here tonight is to simply ask the city to take a look for the benefit of anybody in this neighborhood as to why a less intrusive manner of installation can be done to pretend a safety risk and high winds and interfere from numerous properties unnecessarily and perhaps for a wrongful motivation. i will submit it on that unless you have questions. >> thank you. >> good afternoon, members of the commission. first comment, none of what mr. soriano said here tonight was listed in his letter to you

and we have identified a pipeline of of potential projects, not just on municipal solar roofs, but also on land that the city owns and so, there are opportunities for the ground mounted solar, and today, we are a fully resourced utility and we have all of the kilo watt hours to serve the customers and were the base to grow and then it will make sense for it to develop more of those facilities, but do we have a plan to cover every municipal roof? no, i can't show you a document that says that, but we have evaluated those opti.

solar city, the installer of rooftop power, moving into manufacturing the solar panel they installed. musk and acquired by a california-based company that makes -- artie makes it. a change of heart. what happened? class a bit of a change of heart and a database -- a surprise in terms of strategy. usually area and the manufacturing business has not in that rate for the pure many factors because the price of solar panels has collapsed over the past five years. but it is all about cost and controlling the slide chain. jim fox talk to the cofounder of the company about that any of this for the deal. make will be able to standard efficiency modules. in the u.s.. the key things to know him of the energy tossed his lower. as aabor component is not requirement. you do not have any chance rotation offs. massive working industry getting it from china to the u.s.. we do not have that. >> the company plans to build a manufacturing silly of enough date new york. about china, that is really deep. a lot of the big manufacturers are in china. you have the transportation office. not only that, there i

his solar city announced plans to build a plant in new york state.l have at least a gigawatt of annual capacity. it is snapping up another company for $350 million. >> scottish power renewables a windn approval for farm. this could power as many as 820,000 homes. generation is expected to begin in 2019. >> fitch ratings says utility newanies can work with a mechanism. the affected companies include bdp. gets aon's tube makeover. how the internet of things could rejuvenate the world's oldest underground system. >> the future of london as a smart city. >> follow us on twitter. guy is@guyjohnsontv, i am @oliviastearns. ♪ >> welcome back. these are the top headlines. the bank of england released the last policy meeting, policymakers said a rate increase this year may be more likely that investors anticipated. the debate on the timing is very much heating up here in the u k >> can tell you prime minister will meet -- the italian prime minister will meet in rome today. one topic likely to be discussed as the countries austerity measures. the imf has releas

and solar city making acquisitions. ♪ >> live from bloomberg headquarters in new york, this is "marketh erik schatzker and stephanie ruhle. >> domestic dealer in the spotlight. the legal saga involving martha stewart, macy's, and jcpenney comes to an end. >> a war in outer space. you know what russia is saying, "nyet." >> dead broke no longer. bill and hillary clinton have been supporters of the real estate tax, now they are worth millions. finding ways to avoid paying. >> this is "market makers," i am erik. >> i am alix steel. exciting hour, now it is time for the news feed. make itand mitsubishi official. an offer for alstom's energy assets, when they say that is better than the one offered by general electric. the siemens bid is valued at 19.3 billion dollars, ge offered $17 billion. pressure ige. a sign real estate taking up, and may builders broke ground in more than a million homes for a second month in a row. a strong job market and lower mortgage rates helping the housing market. militants 30cking miles from baghdad. the obama administration considering the options it has. the

elon musk has the golden touch with tesla and solar city.nia. stuart: they announced the location of that factory by the end of this year. is that correct? >> that sounds right. i will go with what you say. stuart: i read it. the wall street journal. should we listen to steve forbes and go back to a gold standard? >> i love mr. ford and mr. forbes and agreed, i am not a believer in that. we don't have to go back to the gold standard, they of the economy is going and i don't think we need to go to the gold standard. stuart: under armor, i know it is up. >> an easy idea. when you use how many people are shopping at different stores, i see so many people with underarm wrong, and then you have analysts raising it to a buy, raising a target to $15 and talking cute growth and sales can exceed $15 billion over the next two years. on radio over the last week or so, talking athletic wear being regular where. has the trend continues you will see under our brand athletic wear makers, nike comes to mind. stuart: i'm laughing because i can't see me in sp

solar city they're a part of our electrical grid. lots of new technology is coming along. and there's no reason that if it is in both state's best pg & st they can both use e. i think we're going to have a very positive, interesting negotiation amongst the sixth -- six states. 24 people is a manageable number of people to look out for the best interest of each of those states. >> how did we decide the boundaries in the six new states? they're around six county boundaries. >> we group certain counties together depending on what we knew. but there were many different issues and i had a lot of different experts working on this. . ese are the line today but there's always the ability for a county to move to another state and i do know that there are two counties already that have come to me and said they would like to move to jefferson. >> but they have to be contiguous, right? they can't move from south california -- >> we're going to make it so that it has to be -- we have in the writing. it has to be contiguous. >> so who wants to move to jefferson. >> a few counties. >> bu

. >> reporter: with more than 87,000 solar panels the city produces its own electricity offsetting 15,000 carbon emissions a year. city engineers say it is the equivalent of taking about 3,300 cars off the road. and walking around you can see it everywhere. >> you are looking at wind power. >> absolutely. you take the traditional arabic cooling, totally sustainable and use modern technology to make it more efficient. >> reporter: the institute partnered with m.i.t. to develop new renewable energy resources like making jet fuel from the seed of a weed that grows here in the desert. this is obviously happening here in the middle of the desert. what you are trying to prove is much bigger. >> globalization is the key to the future. we have to understand how to build cities that are low cost. that's why it is such an important contribution to globalization and urbanization. >> something. >>> back here at home the u.s. men's nationals team is in the world cup knockout round. bosses, listen up. here is a management tip from cnn money. don't think of the world cup as drain on productivity but a c

and these customer municipal, solar facilitis that i am talking about are largely on the city, owned roofs. and our newest, here at symphony hall and the two that we energized and dedicated and we have over the years a list of projects that i am showing total of 2.5 mega watts of the roofs with the solar on them provided by sfpuc. and looking forward, we are our ten-year capitol plan has us dedicated about $12 million dollars of the net operating revenues to the additional facilities and you will see that in this particular fiscal year, are targeted towards the city hall solar and, downtown high school. and some other high school facilities that we expect to be installing solar on over the summer break. and we also have some renewable purposes, cal mentioned the sunset solar project that is photographed here and that is not a doctored photo and it really shows up and glows out on the sunset and we have five, mega watts of solar and that is the purchase agreement and so we purchase the output and the performance risk for the facility are held by the facility own and her we purchase th

when i read a paper and see where solar in other countries, poor countries have solars for a whole city and here in america, here in san francisco, we can't have solar? that's a disgrace. with all the money we have in the united states because san francisco has always been the forerunner and the leaders for everything in the state, in the united states of where you are in america. i want to thank you all. at least i got a few more minutes. i have 51 minutes. i have said everything i need to said. you have a blessed day and i can go home and wap -- watch you all on tv. thank you. >> thank you doctor jackson for being here. is there any more public comment on item no. 3. >> mr. brooks? good afternoon. >> item 3, public comment. i -- i'm mr. brooks. representing san francisco the various aspects have worked to launched the clean air program. which thankful the lack of lack of local agency formation in san francisco did not get finished to plan the build out of hundreds of mega watt of clean energy in san francisco to put thousands of people to work in san francisco over the next 10 years,

city. driverless, electrical, solar powered. where you want to go and leave it alone. >> reporter: so it's driverless. >> yes. >> navigating the city is relatively easy. this is a dream of what the future could be. but is it really going to happen? i mean, is this going to be anything more than a demo. >> it's a model for open development. but it's really sustainable, because it's not only environmentally sustainable, socially and economically. >> reporter: fewer than 500 people live here. that falls far short of the original goal of 40,000 by next year. a goal set at the peak of the economic boom. right now, about 1,200 people work here every day, in buildings specially designed to help reduce water and energy consumption by as much as 40%, according to city officials. you've learned over time with some of the successes and failures you've had, right, that zero emissions is a goal. but that's not reasonable at this point, right? it's just extremely low emissions. but there's some. >> low emissions. zero emissions has been proved

there's also solar city. t highs, a big player in the residential solar market. that's why analysts like that name and the industry, guys, expected to grow at a pretty fast pace, a 20% clip, as a matter of fact. so there are buys out there according to the analysts. you just have to know where to look. back to you. >> all right, jackie, great to see you. stay cool out there as well. we've got about 11 minutes to go here, tyler until the close. >> that's and the dow up 13 points at 16,735, the s&p, as you pointed out a moment ago, would be in record closing territory. >> all right. we'll see if we hit that mark as we round into the closing bell. just when you thought obamacare errors were over, over 2 million may have data discrepancies of those who signed up. what does that mean for 2 million people? a full report coming up. >> and we'll go to washington on the heels of the release of this video by the taliban of army sergeant bowe burghardtal in afghanistan and the furor now raging over this controversial pri

city. it's electric and solar powered. kes you where you want to go and leave it alone. >> so it's driverless? >> yes. >> navigating the city's 2.4 square miles is relatively easy. >> this is a dream but is it really going to happen? the it going to be more than a demo? >> it's a model for open development but enviromental sustainable, socially and economically. >> fewer than 500 people live here, that's far short of the original goal of 40,000 next year. right now, about 1200 people work here every day in buildings that are specially designed to help reduce water and energy consumption by as much as 40% according to city officials. you learned over time with some of the successes and failures you had, right, that zero emissions is a goal but that's not reasonable at this point, it's extremely low but there is some. >> it's low emotions but zero emissions is proving to be difficult. >> with more than 87,000 solar panels the city produces its owner electricity offsetting 15,000 tons of carbon emission as year. city engineers