solar city stock getting slashed even though the residential solar installment companies saw revenueut lowered its predictions for installations because of an increasing of pricing for its commercial business. so you add to that the soon to expire government incentives that have propped up many solar companies and the pressure is tapping down the stock. last summer ceo linden about the subsidies, he said we're ready for it. >> in 2017 the tax credit has a massive reduction. goes down from 30% down to 10%. and based on our cost reduction, we have to achieve $2.50 a watt, which may be too much detail for your audience, but we have to get our cost down, we have a clear roadmap to get to that point so come 2017 we'll punch right through it. liz: that was a year ago and look at solar city shares, they are tanking about 23% at the moment. the stock is down more than 60% year over year. but, look, solar city is not the only renewable energy company in early stages struggling with debt. take a look at some of the other names in the industry. jeff flock is at city solar in chicago as we look

one competitor to the first-quarter earnings xhosa -- so solar city shares could be -- they are starting solar equipment in hawaii on a deal announced about a year ago. it's been a rough year for the shares of solar city, down more than 50%, but of more than 200% from the ipo back in 2012 with its positioning in the trading range suggesting it is precariously positioned to continue trading higher office recent strength. the biggest booth for the nasdaq are shares of apple. the stock is gaining by more than 1% on top of last week 5% gain. it was down from highs back in april on iphones, today driving the stock higher is a report its apple has asked suppliers to prepare for production of 78 million iphone seven units as opposed to the estimate of 65 million units. of course setting off the near term sentiment ship for the upside was last week's announcement of a roughly $1 billion stake in apple by berkshire hathaway. it's pretty amazing, just a few weeks ago everything we were hearing about apple was negative, concerns around the iphone, and now we're hearing positive reports. but this so

speaking of declines, solar city shares almost 25% as the company pulled back its installation time insor the third seven months, and announced a new loan program for residential solar customers. it led one estimate to say "what is solar city?" confusing. is you are changing your business model, what are you doing as the company has introduced different finance packages for customers as it has changed the installation forecast. that confusion is reflected to what the shares are doing. the ceo of the company says it to makewn to trying solar power accessible for customers, but the company has been experimenting with figuring out the best way to do that, and it is not welcomed well by the street. mark: coming up on "bloomberg markets", another move, credit suisse's chief executive shows he can cut costs. what next? we will discuss. ♪ mark: all eyes on zero. shares of -- all eyes on zero. shares of credit suisse are jumping. investors are looking past the loss and focusing on chief executive tidjane thiam's progress in overhauling the business. he spoke to printing the quad today in zurich

>> we are short tesla and solar city. make it clear. and so one of the tip-offs in valeant going back a couple of years was the exodus of the executive suite of senior vps and above and a ton of them left. every few months another guy would leave, and one of the historical sign posts of a company in trouble is when numbers of senior people leave over a short period of time. tesla fits that bill. we have a chart that we have an flood of people leaving in the past few years. and that is not a good sign. and this is not just a model x. these production people are going to be needed for the model 3 which is the real story. >> this is not the sort of exodus of talent as you say, it's not the core to your thesis. you have questioned -- force. >> we have questions on the profitability of the business. if you're losing money, $120,000 car, you're not going to be telling a $35,000 car. the problem with the tesla story is that it's based on the 2020 to 2025, you know, projections on selling half a million cars. there is a company that cannot fore

. >>> solar city and tesla both sliding today, and -- and recently. going on with elon's empire? and we'll bring you the late on two disasters, tornadoes in oklahoma and wildfires in canada. you're watching cnbc. we are first in business worldwide. you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. quite like the human foot. introducing the 255 horsepower lexus is 300 all-wheel-drive. with twenty-five percent more base horsepower. once driven, there's no going back. e.t. phone home. [ soft music ] when you find something you love, you can never get enough of it. change the way you experience tv with xfinity x1. we're always looking for ways to speed up your car insurance search. here's the latest. problem is, we haven't figured out how to reverse it. for now, just log on to compare.com... plug in some simple info and get up to 50 free quotes. choose the lowest and hit purchase. now...if you'll e

we'll get to rough opens for lumber liquidators, solar city, gap and some others in just a minute. youan fly across welcome town in minutes16, or across the globe in under an hour. whole communities are living on mars and solar satellites provide earth with unlimited clean power. in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ >>> amazon's up in the premarket. the company announcing this morning it's launching a youtube competitor called video direct. amazon account holders will be able to upload clips on the new platform and then bernstein raises its price target from 770 to $1,000 saying it sees strong revenue trajectory from both retail and cloud businesses as well as expanding gross margins. amazon, google is making coke, pepsi look like child's play. >> it is. what's interesting about this amazon call from bernstein is this idea they say simply that they won't not be able to find new areas investment to keep up with the growth in gross profits, meaning margins will e

it is not just solar city feeling the pain. solar companies are down this year, many performing even worse than stocks despite record demand for clean entry -- energy. it slumped more than 30% this year. in the next 20 minutes coming up, donald trump is prompting to put a little showmanship in the republican convention in july. new details about the trump planning process. is boston a better place to start a tech company in silicon valley? we will start that coming up. you look at yield and treasury bonds today, largely unchanged. more bloomberg markets is coming up. ♪ david: a bit of breaking news, marquette is set to be exploring .orking with morgan stanley the automation software company went public in 2013. he see the stock price is up 10.7%. some of theook at biggest business stories in the news right now. allergan plans to buy back as much as $10 billion in stocks. that comes in the wake of -- 13%.tock has come allergan is focused on the sale of its generics business. volkswagen closing in on a fix for those tainted engine

one analyst on the call today said what is solar city?nfusion on wall street about what this company is. it has changed its model several times and offered the front financing plans to bring in different customers. the ceo said on a conference call today that it is all about catering to the consumer, trying to figure out what the consumer wants, but investors do not seem convinced. the short interest on the stock is relatively high. the stock prices come down and we see the short interest ratio come down but as a percentage of float, it is at 37.5%. unusually high, reflecting the negative sentiment surrounding this company. solar stocks have been underperforming. i was shocked to see this chart, even underperforming coal here today. incredible solar has done so poorly. on the one hand, you have rising demand for solar. you have addictions to store even more and on the other side, you have individual companies and bankruptcies saddled with a lot of debt and execution issues with individual companies like solar city. that has really put pre

one analyst over at robert baird on the conference call said what is solar city?is confused about your business model, there has been a lot of question about the debt model the company as well, the way it does its accounting. there has been a lot of different questioning. solar has already been a troubled industry. stocks are down over the past year. betty: they were a favorite of hedge funds. julie: they were a favorite of hedge funds. and yet that, too, had a complex structure, a number of yield .odes, as they are called it is not necessarily that the fundamental business of solar is in trouble. but it seems to be the structure and the execution of some of these individual companies that is creating issues. betty: that is creating some issues and creating some pain for a lot of the shareholders. truly, thank you so much, julie hyman, at the markets desk. i want to bring in joe ciolli. what is going on in the markets in the final moments of the session? joe, before we look into the theraged etf's, we started show talking about the three-year option, three-year tr

any money and, you know, solar city was down as a stock 24% today alone. od bath out there, almost as much as the coal industry. >> well, that is not good news. so much solar is there in the united states then? >> it was growing. it was up 27% last year. but it's still a very small percentage. less than a percent actually. if you look at the numbers on what it costs, this is the reason why. natural gas, the plentiful natural gas with fracking has really come down in cost, coal is pretty cheap but solar is by far the outlier, $125 a mega watt hour. you get a tax break, 30% write-off on your tax return but still the numbers still aren't working. >> some dim numbers there. by the way, i love indiana. i just meant had you been there covering the campaign for all those weeks. >> reporter: i know, i was there for a long time. happy to be home in chicago. >> we'll see you again soon, jeff. take care. take a close look at the screen. notice something different about this can of bud? how you can get your hands on it and here's some really cool spacex video. kpek it

solar city, huge disappointment. the same is true of mankind and gap.ll not be pretty today for the gap. jonathan: coming up, deutsche bank sees a single -- silver lining in a lackluster q1 earnings season. we will take a look next on bloomberg go. ♪ [ soft music ] e.t. phone home. when you find something you love, you can never get enough of it. change the way you experience tv with xfinity x1. jonathan: this is bloomberg . i'm jonathan ferro. of the early some gains up by 51 points. s&p 500 futures positive. the dax really rolling over. now just of .3% -- up .3%. dollar yen to a 109 handle, up .7%. governor kuroda with a big smile on his face this morning. citigroup joining steve major over hsbc with the likelihood that the yield could test 1.5%. yields currently 1.76% on the u.s. 10 year. amanda: we are just two hours away from the opening bell. up moreuisse shares are than 4%. bank reported a second quarterly loss but the ceo tidjane thiam said he plans to deliver on cost cuts this year. industrial production in the euro area's three biggest eco

. >> as we head to break here, look at shares of solar city. the other elon musk company. they're down more than 17%. this is just in the after-hours trade. it must bring a smile to jim's face. i'm melissa lee, and you're watching "fast money" on cnbc. in the meantime, here's what else is coming up on fast. >> that's what a couple of ceos have done recently. but their departures may provide a buying opportunity. we'll explain. plus, a top technician said two industry groups vital to the u.s. economy are falling apart. we'll tell you what has him so worried and what it would mean for stocks, when "fast money" returns. rship rship is about vision and integrity, confidence, inspiration, and passion. ♪ pitching wedge. thanks phil. and always having the courage to take your best shot. see the best of the best at the kpmg women's pga championship looktry align probiotic.our digestive system? for a non-stop, sweet treat goodness, hold on to your tiara kind of day. live 24/7. with 24/7 digestive support. try align, the #1 ge recommended probiotic. >>> welcome back to "fast money."

. >>> solar city is watching its stocks slide 20% in extending trading today. slide comes after the company reported a bigger than expected quarterly loss. >>> if you're stuck in a long line in an airport checkpoint, the airline industry wants to you snap a photo and tweet it. >>> we're here to explain what is going on. >> reporter: major corporations are trying to get you to join their fight against the federal government. airlines are hoping a nationwide tweet campaign will get the attention of the tsa. airlines and passengers have been complaining about delays at security choints checkpoints. now airlines are urging passengers to take pictures of long lines and post them on twitter with the #i hate the wait. already we found a few pictures. tsa has promised to beef up staffi staffing. you may remember i told you about that last week. they say they'll do it in time for less summer travel season. airlines hope the mass tweeting will spur action right away. >> it will soon be easier to travel to cuba. now t-mobile wants to make it easier to use your cell phone

saying he isnos short tesla and solar city.firming the he's also saying tesla will have to raise capital. left teslave now this year, really bleeding employees. this departures quite devastating as they try to launch the model three. rainet: you can see the train affect on tesla shares right now -- off 4.5%. ♪ hii'm here to tell homeowners that are sixty-two and older about a great way to live a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home and here's the best part... you still own your home. take control of your ret

this is why the sox have really been taken on the chin, everything i'm solar to solar city. as well. as we said, solar is growing. installations have been a period screen in terms of the amount of generation of 27% while cole was down, natural gas to with the low price of natural gas. you don't have to dig in the ground to get a life long. you know enough to fracture the natural gas. he just said back in the sun do its thing and bring the power in. at this point still not cost-effective. lauren, nicole, backed to you. nicole: i have a question. have you cut back have you cut back on them on airport security lines? you don't charge for checked bags. massachusetts at marking connecticut's richard rosenthal urging airlines in a letter to drop chargeback fees. the senator same baggage fees and 27% mark area making airport security lines go even slower. nicole: one of the world's biggest retailer's biggest retailer skipped the messiah but be so over the chip cards. we will tell you why wal-mart does not want your signature. in the nba playoffs, the thunder beat the san antonio sp

another stocks you have taken a close look at and i believe are short in connection with energy is solar cityeah. erik: what i'm curious to know -- and you criticized it for being a financing company when people think of it as a solar company. jim: yeah. erik: what other companies did that profile. there are financing companies that are perceived to be something else. jim: you have seen the collapse of the online lenders in the past few weeks. underscored an interesting aspect. the growth of shadow banking again in the u.s.. businesses that really do finance their customers and depend on that for a large choice of income -- large source of income. you can look in areas such as timeshares in vegas, areas such as retailing, things like forlry retailers and others all the money is being made on .inancing you your wedding ring and a long-term contract to service your wedding ring. it is sort of like circuit city in the old days selling you a contract to service your tv set. servicing your wedding ring? and then some of the auto retailers, some of the specialized auto retailers make an awful lot o

solar city says they are selling revenue from rooftop solar to john hancock, planning to raise $227 millione deal. they maintain ownership and will still be responsible for servicing them. fiat chrysler has reached an on selft with google driving cars according to people familiar with the matter, who say the deal could be signed as soon as today. it is based on the chrysler pacifica minivan. the first phase of a joint project to create autonomous vehicles. a big blow to apple's plans to go after price conscious consumers in india, however jacket the request to import and sell cheaper, refurbished iphones. wouldsay that the move lead to a flood of refurbished electronics and defeat the program to encourage local manufacturing. that is the bloomberg business flash. coming up in the next hour, kleiner perkins partner ellen howell discusses her new venture one year after she lost a .iscrimination lawsuit that interview is coming up next. here is a check on the markets, looking at the nasdaq, down at 4773. 17 points at 2054. the dow, down. ♪ david: welcome to "bloomberg markets." from bloomberg'

i haven't liked solar city and so far that's been the right call. how about buddy? >> caller: boo-ya. how is it going? >> real good. how about you? ? >> caller: my question is about gm. general motors. the stock has a 4.6 multiple. and 5% the, the company, the second or third biggest automaker in the world and great presence this china. especially with the buick. about 50% year over year there. my question is is there a good reason gm is so cheap? and should i buy now? >> well, doug who writes with me on real money pro at the street says we're at peak autos. a lot of people are starting to buy. i think it yields 5%, it will be fine. that said i recognize that it has the worst chart in the book. that's what i've been hearing. oh, boy. this one can't catch a break and that's why. how about carlos in illinois? >> hi, jim. thank you for taking my call. >> you're quite welcome. >> caller: my question would be rand gold. bought it at 98 this.18. i don't know if it is the dollar is strengthening orange. i don't know if this should be a hold? >> i was disappointed in the gr

and san mateo based solar city turns in disappointing earnings for the first quarter. in revenue, but it reported a wider than expected loss of $25 million the costs are going up. and it's looking like it won't be installing as many panels as it first thought over the next couple quarters and as a result, shares are plunging by 20%. outside of that, it's not bad overall for the markets. the dow is up right now by almost 150 points and the nasdaq gaining 15 and the s&p 500 is up by 13 points as well. michelle and keny? >> jason brooks, thank you. >>> step aside, siri. an upgrade to a personal assistant. >> will it be warmer than 70 degrees near the golden gate bridge after 5:00 p.m., the day after tomorrow? >> wow. the creators showed off how viv works. it uses artificial intelligence so users can have more natural conversation. and you can use viv on any service or device. >> instead of siri, you say yo, viv. remember that, gianna? >> i love that movie. okay. i have conversations with my phone. westbound highway 4, a report of an accident, blocking lanes, and hillcrest

he did reiterate shorts of tesla, solar city, alibaba, and valiant. we did see some reaction.r pressure on bloomberg news'reports that a couple of executives are leaving the company. there was also the broader market comment from stan druckenmiller talked about how he thinks the fed is not data dependent, is not doing a good job. he likes gold, and decent said people want a stock recommendation -- "i just want people to get out of stocks" seems to be his main message here today. betty: interesting. that is one strong message. thank you. julie hyman at the markets desk. let's dig into the broader market, messages and themes. joe, let's start with this chart. we have a chart on the bloomberg. let's show it. it demonstrates the gap between one-monthd the s&p realized volatility index -- they are both now -- the gap is widening. what does that actually tell you? joe: that tells me we have not had a lot of price swings in the last month or so, the people are still expecting a spike in volatility, which 80% of the time the vix goes in verse with the s&p. if the vix spikes, that coul

lending club, solar city.th mortgages, it is so important that these be very transparent and people understand what is inside them. we'll continue to watch this. >> this rings to 2007 and what happened prior to the crash. >> it's worth watching. >>> 6:35. one of san francisco's most well known parks closes for a makeover. fences going up around alamo square park to undergo renovations. >> today in the bay, stephanie chuang is live near the park getting her last glimpses before it gets shut. it will probably take time. talking about seven months. >> that's right. it's going to start being off limits today. this is when city crews will begin putting up fencing along the park. i want to point you to one of the areas of upgrades. the city is putting in grass along the perimeters here to make it look nicer but to save water. that is one of the main objectives. they are updating the decades-old irrigation system set to save 37% of water use. that is nearly 3.3 million gallons each year. this project is set to cost $

this happens with loans from square and lending club, even solar city.you pay them back month to month. those companies turn around and sell your debt. it's how finance works. things get dicey if there is nobody who wants to buy the debt. it's something to watch. stocks ended mixed monday. dow down slightly 34 points. nasdaq not moving very much either. futures calling for a better opening this morning. disney reports today. that's always a big one. then the state assembly voted to bannon essential government travel. you often here about city's banning government travel to alabama or north carolina, but the bans areç done on a case b case basis. this bill last night would make it more automatic. >> is it more symbolic or do california law makers make trips out to states like north carolina? >> somebody should reality check that. >> i'll look for the guy and let you know when i find him. >> he sits right next to me. all right. >>> lots of people heading to the san francisco area to see alamo park. here is a heads-up for tourists and locals who stop by th

musk the company, solar city, is selling a revenue stream from rooftop solar leases to john bangkok financial. the solar energy company plans to raise $227 million. to retain ownership of the rooftop systems, musk is the chairman of the company. that is your bloomberg business flash for this hour. australian dollars but today after the central bank cut interest rates to a surprising record low. australia trying to ward off inflation and sluggish growth. the economy is transitioning from the largest mining investment boom in its history. evidence of limp economic growth around the world is permeating through global markets. ite to help us make sense of all, simon smith, f x pro research director. hello, simon. this is rw crs function. which you know will -- well which of course shows the aussie dollar. it has fallen. all of these currencies are rising against the aussie dollar today. only the rand is falling which led me to think it is quite rare for a central bank to be able to weaken its currency when it loosens policy. that goes against the recent trend, doesn't it? what's is certainly does

elon musk, his solar city company is plunging 20% in afterhour trading.projected to be larger than expected. you can see not good news for this company. we showed you this viral video friday. parents outrained over the sink -- outranged over the sink or swim video. the mother he can plains. the video was not let's put her on the steps and see what she does. she was already trained to get up to that point in clothe, diaper and so forth. >> she had already been in lessons for three week. she was trained to float unassisted. i think it's amazing. look what she is doing. jo ling: varney pressed her on the issue. reporter: you see no harm in allowing a child to save itself? you think that's a good survival skill? >> absolutely. i know the alternative. my son did not have these skills and he's no longer with us. as a parent i cannot tell you how devastating that is. jo ling: keith manning joins me along with radio host adriana cohen. she admitted to varney that she lost a child previously. that's a tough thing to think about. and she raises her baby, do you thi

here's a look at solar city down 20% today. the company's solar panel will be less than expected.tti and i will see you there. >> the archbishop of prague says the pope's latin american origins skew his views on the european migrant crisis. what is he saying? transfer basically same pope francis comes from south america were the talk is the perspective gap between rich and poor. dominic duque is saying this is quite different or what the european union is dealing with. an integration of entirely different civilization and culture. there is a profound difficulty with that. he is saying that there's fundamental principles and concerns here because christians are the most persecuted group in the middle east. that's what the colonel duke is now saying. stuart: an important colonel raising his fist to some in opposition. liz: that's correct. stuart: after a cop was killed during a routine traffic from his friends decided to develop a program called cops thing. and right as an amber alert, warning them of dangers in the immediate area. graham webster joins us now. can you give us a brie

musk willingness to borrow and use the cash to finance tesla, those include solar city and spacex isely rare among corporate executives but ceos have encountered trouble when they face margin loans most notably michael pearson had stock liquidated late last year and a few years ago, aubrey mcclendon was forced to sell much and robert stiller of green mountain coffee fell into a similar situation in 2012. because musk pledged a small amount of his 6.5 tesla stake against those loans, the prospect of a call seems remote. he's a self-imposed cap of 5% of the equity holdings for use as loan ka lcollateral and sells 2 million shares in the new offering and also donates 1.2 million additional shares to charity. so tesla shareholders don't seem to have too much to worry about now when it comes to finances but one can argue for a company that will need access to fresh capital, having the ceo soak up investor demand for the stock with his own shares is one more reminder to investors of how bound up their investment is with the priorities of musk that charismat charismatic. >> that self-impose

. >> we are short tesla and solar city. >> real debates. >> people think globalization hurt business. it's not. it's technology that hurt businesses. >> if you can't charge hundreds of thousands of dollars a year, there will be no drugs. >> i love this show. i just tweet about the show, i'm on the show. this is the greatest moment of my life! >>> "the halftime report" weekdays at noon eastern 7. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ don't put off checking out your medicare options until 65. now is a good time to get the ball rolling. medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help save you in out-of-pocket medical costs. taking informed steps really makes a difference later. that's what it means to go long™. call now and request this free decision guide and explore the range of aarp medicare supplement plans. all plans like these let

. >> what do you make of solar city's bounce today? >> it traded close to 28 million shares. mr.ple portray him in movies, jeff daniels and matthew modine. >> who did you like better? >> i preferred matthew modine's portrayal of him better. >> his work in vision quest was unbelievable. >> thank you very much. >> one trader is making a $2 million bet against china. we'll tell you why after this break. you both have a perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new ligh

solar city, not shining today. the stocks selling off on first quarter results.ers on the session. budweiser wants to tap into america's patriotism, what they're doing. what's more american than budweiser, the american 100, a higher opening for the dow jones industrial average. we had gains across europe as well as asia and that's carrying forward. we're now near the highs of the morning with the dow jones industrial average expected to open up close to 70 points. a lot of retail earnings out this week. gas underperformed and that stock is underpressure. details later in the week. a stabbing at a train station in munich, killing a person and injuring three others. tips how to spot a terrorist for it's too late. joining me retired fbi agent, authority to soon to be released "how to spot a terrorist before it's too late", thank you for joining us. >> thank you for having me, maria. maria: americans are growing more and more concerned, what are the tips to spot a terrorist? >> you know, there's a number of things that the public can look for. so much information has

erik: another stock you've taken a close look at and are short in connection with energy a solar cityow -- youto criticized it for being a financing company wears a lot of people think of it as a solar company. what other companies to that profile? they're actually financing companies, then either masquerade as or are perceived to be something else. jim: if you have seen the collapse of the online lenders for the past few weeks, it's underscored an interesting aspect which is the growth of shadow banking again that we were starting to see in the u.s.. you are honing in on interesting things. businesses that really do finance their customers and depend on that for large sources of income. i'm not when a name names, but you can look at areas such as timeshares, we are in vegas. you can look at areas such as retailing, things like jewelry retailers and others where all the money is being made on financing you, your wedding ring. a long-term contract to service your wedding ring. short circuit city in the old days, selling you a contract to service your tv set trade servicing your wedding

for example, solar city yesterday fell to 21 per's -- fell 21%. ell as credit suisse are created -- reiterating their call for a buy. finally, while solar is shining, the's head over to burgers, a little bit of a bust here. that is in part because of what is happening at wendy's. wendy's has fallen by almost 7.5%. the fast food company is warning of a sales slowdown in the second half of this year. this is its biggest falsehoods 2013. it is blaming a cool spring in the u.s.. coolact that there is a spring, they are blaming them for the slowdown in sales. jack-in-the-box, and restaurant and restaurant brands, which owns burger king as well as tim hortons all download on the order of 2% to two point half past 2.5%. alix: expedia has been flying high since better than expected results due to homeaway and strength in foreign currencies. but with competitors like airbnb investing in their own technology, how long can the vacation last four expedia? ceo, darathe khosrowshahi. we are seeing consolidation on the supplier side now. what does that do to your

macy's and jcpenney, and solar city and honda and shake shack and nordstrom. >> i think the focus onto carry over through next week. the stocks have been very weak. we seem to have a very hesitant consumer. you also started to see the destruction thing to get really destructive. >> costco, yeah -- >> in other words, the have-nots have really been losing. i think you might see that in focus for a while. >> maybe a headwind. not like retail has been an area of leadership. if amazon was so strong, talking about consumer credit and other things going on, how much is that more broadly? >> we don't know -- is amazon dominating more than 100% growth in the area? >> i think the secular story is going to be like the story of the next six months. well into the campaign. because you have somebody like donald trump going at you. the entire industries right now are undergoing dramatic change, like the retail industry. they're never coming back. they're never going to be, you know, what they were ten years ago. it's just not going to happen. there's a view, and it's going to be increasing discussi

solar city. icized it for being a finance company when a lot of people think of it as a solar company. what other companies fit that profile? actually financing companies, but they masquerade as or are perceived to be something else. jim: you have seen the collapse of the online lenders in the past few weeks. it has underscored the growth of shadow banking again. we are starting to see that in the u.s.. businesses that really do finance customers and append on that for a large source of income. you can look at areas such as timeshares, we are in vegas -- you can look at areas such as retailing -- things like jewelry retailers and others were all the money is being made on financing. a long-term contract to service your wedding ring, sort of like circuit city. the contract to service your tv so. servicing your wedding ring? some of the auto retailers. some of the specialized auto retailers make an awful lot of money financing off the lot. i don't want to name any additional names, but there are a l

the question of can he focus on this as well as focusing on tesla and solar city and space ex and whateverlse he's doing these days, i think the fact that it was his idea adds a lot of credibility to it and that is why they got as much funding as they have. on the other hand, he's not doing the day to day engineering on this. that is left to a lot of other people. and the question of how much attention does he have is important. but getting a -- an active entrepreneur behind one of these things is really important. >> all right. professor, we'll leave it. there thank you so much. professor david levinson. >> shares of office depots and staples plummeting today following a judge's decision that the two companies may not merge. granting the federal trade commission's request for a preliminary injunction on antitrust grounds. let's bring in a former commissioner with the federal trade commission. she is partner and co-director of cybersecurity at hogan lovels. good to see you again. your view is that judge did the right thing. why? >> well, first of all, thank you for having me. the decision

he is maintaining bearish bets on valeant, solar city, and tesla.ch and he is still a bear on china. position ina short alibaba as a bet against the chinese economy. says hisckenmiller biggest holding his gold and warns investors to exit stocks. the biggest offender he says is the u.s. fed. jeff gundlach is telling snvestors to buy mortgage reit and says negative interest rates are the definition of deflation. he told the market to get ready for a trump presidency, predicting a wider use of debt financed programs, and compares donald trump to ronald reagan. david: in one respect. matt: in structure, and borrowing. jonathan: when the mortgage reit story came out, he said basically back people buying houses but not switching the lights on. david: that is very clever. well done, jonathan. .e will go to abigail doolittle taking a look at a couple of stocks at the nasdaq. abigail: whole food shares are trading higher after they posted better-than-expected fiscal earnings, to make $.44 per share. the results largely reflect cost-cutting efforts but while

. >> we are short both tesla and solar tlt city. >> real debates. >> if you can't charge hundreds ofds of dollars a year, there are no drugs. >> and the most profitable trading hour of the day. >> i love to be on the show, and i got the tweet about the show and i'm on the show. it is the greatest moment of my life. >> the halftime report at noon eastern. of our 353 jackets, i can recommend nine. watson, what if it rains? there is just a 3% chance of rain, so i recommend the breathable stretch fleece fuse form dolomiti jacket. a perfect choice watson. no wonder our customer loyalty numbers keep climbing. i believe we can do even better. i like the way you think. i believe we can do even better. you can fly across welcome town in minutes16, or across the globe in under an hour. whole communities are living on mars and solar satellites provide earth with unlimited clean power. in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ >>> back on the halftime report with the blit. fo

. >> reporter: sunset reservoir solar away is part of the city of san francisco's push to be 100% renewable and 100% greenhouse gas free by 2030. this solar array was built in 2010 and its size, slightly smaller than a dozen football fields, and 24,000 panels, along with its placement in the center of a major city, make it an astonishing sight. what does it mean to be 100% renewable? and how will this city do it? it refers to electric power generation and a combination of alternatives will fuel it. hydro power, geothermal, as well as wind and solar. the latter are the higher-growth areas. >> it's good for our environment to get off of diesel fuel or greenhouse gas emission types of energy sources, fossil fuel energy sources, to clean energy and is should be what cities should be about. we have a very serious climate action plan that is simply reflecting in three numbers. zero, 50, 100. zero waste, 50% of trips done on a stainable transit, and 100% renewable energy sources for all our power needs. >> reporter: by the time the clean power san francisco program is complete, it will not just ma

cities. >>> a solar-powered airplane going around the world is at its next destination. the solar impulse 2 took off from phoenix thursday and landed in tulsa more than 20 hours later. >> this project you learn to be flexible. you are flying in the unknown and a few days ago we have seen that the weather would not allow to us do what we had prepared. so we looked on the map, we looked at the weather, and we saw that tulsa was potentially the best place. >> the plane is on its last leg of a voyage that began march 2015 in the united arab emirates. >>> 4:57. a california man catches a woman reportedly stealing packages off his porch. what he did next that has this story going viral this morning. >> reporter: and a stomach flu outbreak at a school in downtown san jose sickened more than 90 students and faculty. >>> good morning, everyone. look at that shot. i love this shot of the bay bridge and the buildings there with blue and gold for the warriors or teal for the sharks. it's friday our favorite day of the week, may 13. i'm kenny choi. >> i'm michelle griego. >> so rober

solar city reporting a wider than expected loss. costs surged more than 50%. solar panels. down 20%. >>> gap same store sales dropping. expecting first quarter earnings to be below expectations. allergan getting a lift by a buck, .5%. >>> facebook under attack accused of political bias. a former facebook news curator said the social network censors conservative political articles in something that is apparently on the side of this thing called a trending news side bar. i'll talk to kayla to see what that is. facebook denying the report yesterday saying facebook is a platform for people and perspectives from across the political spectrum. yeah, right! >>> so -- >> we were just looking at video of it. do you still need me to -- >> here is my question. does snapchat have a trending news thing. >> it has snapchat stories which you can click on to find out what's happening in the country. like there was a trump snapchat story when he was declared the presumptive nominee last week. you can see what people were snapping last week. >> are you on snapchat more than fac

solar system. now to sports. late today it lest her city clinched the english primarily.ppens when chelsea and tottenham played to a draw. she mentioned that no one can catch leicester. of pulling this off or an incredible 5000 to one. i spoke to john bennett in leicester. john: i have outside the stadium. the home of leicester city. the party has started. one of the most incredible sporting stories. the most unlikely sporting story. leicester city, 5000 to one at the start of the season. the party is going on. the fans are gathering outside the stadium. they are sounding the horns in their cars. their flavors going off. thousands will be here to celebrate this unlikely success. nobody thought this was possible. they wereme last year battling against relegation. their team cost around 32 million pounds. 350hester united cost million pounds. leicester city was led by its charismatic head coach and they have done it. tottenham failed to be chelsea. they are the champions of england for the first time in their history. katty: the fans were cheering for the leicester coach on

solar park. it stretches for some 3.6 kilometers over a canal that passes through the city of vadodara. rathore: the state is located in a place where we get 300 days of suitable sunlight. narrator: s.s. rathore is the chairman and managing director of sardar sarovar narmaga nigam, ltd. rathore: the wind position is also such which is favorable to solar production. narrator: rathore says it's the perfect mix to harness the sun's rays to generate power, boosting the state's electrical output and at the same time reducing its dependency on fossil fuels, which contribute to global warming. this has enormous implications in india, with its population at 1.3 billion and its hugely increasing energy needs. building a solar park without using up valuable land took creativity, says director of canals k.v. sangui. k.v. sangui: the advantage over here is that we don't have to acquire the land. so we are using the canal top roof, which otherwise, i mean, has got no other use. we are using putting it to the use for the hydration, and, indirectly, you know, it's, uh, saving the water. this reduces,

i'm focused on consulting and integration of war just a bit of energy resources into the city like solar and energy storage and electric vehicle charging. my background isn't worried and working in solar energy for many years and energy policy with the state. thank you. >> staff: hi. good evening. i'm peter galata public relations information coordinator with the departments. often working closely with policy communications director on press media strategy external communications as well as pause. i come from the environment of consulting world but also previously with that apartment was a program associate with transportation team for two years. so the 50% goal is near and dear to my heart. i'm looking forward to being back in that apartment and helping to amplify on the work of the apartment out to the community. >>[applause] >> president omotalde: >> commissioner wald: one of the things most wonderful about meeting you all is the number of you who were here before and have come back, which i think speaks well for the departments. its culture, its mentorship, its commitment to helping

already getting out into the weeds trying to talk about it ultimately if we want to have rooftop solar the city we want that to count as clean and green house gas free like it is we fought prop g and h that bill essentially caused by another means the reporting problems to occur and needs to be substantially all the time before we support it thanks. >> jason fried executive director for lafco last year lafco left the amended position on ash 1110 for the reasons i'll not repeat today one of the things i nodded i think your staff is correct the biggest short time issue how it effects the po u but i could see how this future impacts it i don't see that the acknowledgement a factor at least in the resolution the whereas mentions cca to make sure we have a system in place that impacts that lets say we want to build out a wind farm are solar system and create a whole bunch of jobs we may need short time stuff to get the energy while we're build outing and sonoma uses category 2 and how those get counted to be a negative under this system i want to insure we're not tying our hands and 11 ab can tie ou

you protected live flake free for life >>> here's a look at the forecast in some cities around the country. ♪ >>> a solarulse 2 made a graceful descent in pennsylvania. the 17-hour flight started yesterday in dayton, ohio, hometown of aviation pioneers orville and wilbur wright. the plane is on the round-the-world trip powered only by the sun. >>> whole foods has launched a newer, cheaper brand of its popular supermarkets aimed at millennials. the first location is now open in l.a. here's an inside look. >> reporter: this is 365 by whole foods. a smaller and more affordable version of its flagship stores. heather mccallum lives less than a mile away. >> this is my dream literally. like my friends, my husband was joking, he was like, i think you got more excited when you found out this was opening than like the day i proposed to you. >> reporter: whole foods has been struggling to keep up with competitors like trader joe's and is battling declining sales and falling stock prices. this new brand was built to court the hip and budget conscious millennial consumer. what are the biggest differences that we'll

already getting out into the weeds trying to talk about it ultimately if we want to have rooftop solar the city we want that to count as clean and green house gas free like it is we fought prop g and h that bill essentially caused by another means the reporting problems to occur and needs to be substantially all the time before we support it thanks. >> jason fried executive director for lafco last year lafco left the amended position on ash 1110 for the reasons i'll not repeat today one of the things i nodded i think your staff is correct the biggest short time issue how it effects the po u but i could see how this future impacts it i don't see that the acknowledgement a factor at least in the resolution the whereas mentions cca to make sure we have a system in place that impacts that lets say we want to build out a wind farm are solar system and create a whole bunch of jobs we may need short time stuff to get the energy while we're build outing and sonoma uses category 2 and how those get counted to be a negative under this system i want to insure we're not tying our hands and 11 ab can tie ou