has gone after steve eisman? steve: maybe after today. you mail or phone number. we heard your views on amazon earlier. what about alibaba? steve: we own alibaba as well. chinaa is the amazon of and the interesting thing about alibaba is that it's possible at some point in the future, 50% of retail sales in china will be online. and that's alibaba. alibaba retellhe story is even better than the amazon story in the united states. looking at chinese tech stocks more broadly, you have any other calls in terms of the tech story in china? story in the tech china seems to concern the u.s. president. i have no other stories in china other than alibaba. we're going to go to washington in a moment and get an update. forget about gdp. for your student of what going on in washington? steve: i focus on every single day as part of my job. steve: people can talk about the good and the bad of president trump but the fact i focus on ee day as part of my job. tom: how does it affect investment? is, economic growth has accelerated. there's no indication th

coming up, steve eisman tells us why he is shorting tesla.are lower today following the news. this is bloomberg. lisa: this is bloomberg markets. i'm lisa abramowicz. scarlet: and i'm scarlet fu. now time for a bloomberg exclusive. a race to replace the retiring jeb hensarling as head of the house financial conservatives -- house financial services committee. we sat down with one of the top contenders, who shares his priorities if he had the committee next year. towe have a number of things tackle. first, we have some big insurance issues we will have to deal with. hopefully, this fall after the elections we will be able to do some sort of long-term and a five the -- national flood insurance program reform. that needs to happen if we are not -- happen. if we are not able to do that, that will be one of the top priorities, along with the terrorism insurance program we have that is going to expire. we have those insurance issues and housing issues. that is my background, in construction and development and realtor.er licensed i have been involv

julie: that was steve eisman, sorry for the technical difficulty.s speaking with bloomberg earlier today. up, why one man says investors can profit off it what he causes the fourth industrial revolution. also, taking a look at markets closing for the session, there are declined across the board. their slow down from earnings for him companies like -- companies from the likes of intel. slow down a little. scarlet: telecom is up by almost 2% on the week read -- week. --on't like to say joe: i think there are two things that stood out for me. one is, the s&p is higher on the weekend pretty impressive resilience if you knew in advance. scarlet: it is only three sectors gaining. joe: and some of the industrial getting hit by the raw material costs with exposure to housing is very interesting as an area to watch. julie: and transports are higher in the week. we will find a what happens with the cap report -- with the caterpillar reporting. julie: yes we will. this is bloomberg. ♪ mark: i'm mark renton -- crumpton with first word news. president trump is t

one who is talking about that in his skepticism in the last couple days it is noted short seller steve eisman shorting shares saying he believes this is a company with execution problems the stock hovering at $300 a share, taking a hit earlier in the week over concerns over whether or not they were pressuring suppliers because it's running low on cash as always, the conference call after the earnings on wednesday afternoon, that will be the main event so to speak when elon musk takes questions from analysts, as always, you never know exactly what elon is going to say. we'll be on that call and have it for you next wednesday afternoon. melissa? >> thank you, phil lebeau in chicago. remember the boring bone headed questions last conference call that will be good. how do you play tesla into earnings break it down. >> sure. let's see what we figure out a lot of opportunity a lot of risk. that's what the fun ones are here is a year-to-date chart all over the place, right? no character some people think it's good, some bad, it's chopping up everyone range bound put in lines and see what we can see.

investor steve eisman tells bloomberg he is shorting tesla for its negative cash flow and other "executionroblems." >> elon musk is a very smart man, but there are a lot of smart people and's world, and being smart is not enough. you have to execute. he has execution problems. i think we will see how is quarter goes, but executive cash flow, as you said, he is building cars in a tent, and is nowhere in autonomous driving as i can tell. emily: investors and analysts will pay close attention to tesla on wednesday. coming up, no close so far. we will hear from the nxp ceo and what is next for the company after qualcomm pulled the plug on its acquisition of the company. ♪ ♪ emily: after a two-year saga, qualcomm has pulled the plug on the bid to buy nxp after the chinese government led a key deadline lapse. but, is the deal officially dead? here's what the president of nxp had to say on bloomberg's balance of power friday. >> the transaction is complete, we have received the break up feed from qualcomm read we are focused on the future. >> we want to focus on the future of where you are going.

the steve eisman has a several companies he is shorting now.n thea central figure movie "the big short. he's" short." tha is your business flasht. vonnie: speaking of shorting, we will be talking to karl some block of muddy waters in a little bit. and shares diving after a weaker earnings report. that is next. this is bloomberg. ♪ caroline: from london i'm , caroline hyde. vonnie: i'm vonnie quinn. this is "bloomberg markets." center features in focus, the dollar taking a small leg lower, but gdp at 4.1%, so what gives? us is us is -- joining paul. why didn't we get -- from the gdp report? paul: that is true. it was a very good report. it was a little bit below expectations. i think the dollar has run in advance of that a little bit, but the component -- key component of that was -- coming in a little bit lower than 2%, which could give people a reason to believe that the fed may not be on the gas as far as raising a just rates. the u.s. is growing faster than most other countries, especially the eu, but the fed will be raising rates this year