model. >> not most teslas. >> not most teslas.t other cars. >> this is a $70,000 car we're talking about. >> $90,000. >> it depends. we got the sales i think by quarter if you take a look. they're going up. we're still talking about selling 7 ,000 cars a quarter nationwide, right? why go to war over this? why not let them sell their teslas? >> we're not going to war over this. tesla appears to be. if you look at the blog today, you know, tesla has gone ballistic over this issue. tesla seems to think that the laws in the state of new jersey should be amended to allow them to do what they choose to do. and if they want that, then they should go to the legislature and ask for that. >> will you guys fight that? >> if it's not a -- we want to see tesla survive. we want to see tesla thrive. we want to see them achieve their potential as a car company, but they're going it to do so within the limits of the law. which means they're going to have to -- or the law could be chan changed. they're going to have to adapt the fran economichise m

tesla as a 0.1% market share in new jersey a law is not put in place to regulate tesla. it was put in place to regulate the 99% of the other players in the marketplace do need to be regulated to protect public interests in price competition and access to warranty and safety recall service. adam: i would buy a car from you. cheryl: the impact on new jersey, a research analyst coming up later in the show. these markets, the chinese economy is weighing on the major average. sandra smith joins us in studio with more. sandra: amazing how key what is happening in china is for u.s. equity markets. concerns in china weighing on the asian markets and overnight trading at ripple affect on european markets as well. china central bank preparing to cut the percentage of cash that banks have to keep on hand if the country's economic growth falls below their threshold of 7.5% set by the government, a move that would cause of flood of cash to be let into the system in the form of stimulus because the economy would be slowing down so much they stand ready to do this and that would be a g

we got a news alert here on tesla. >>> one more piece of good news for tesla, a big win, governor cuomo saying that it can keep open its locations. the ones that i have open, they can keep open. basically, this is really positive, a lot of analysts are weighing, new york is such a big market for tesla, the fact they can keep these stores open that are already open, a big win for tesla. >>> what do we think? something that's going to boost the stock when we open again on monday morning? >> what are the catalysts? the catalysts they're overcoming potential safety issues, i don't think so. i think the catalyst are based upon production growth. >>> okay, let's move on. pete, large-cap tech. >> whether it's microsoft or some of the other big names, yahoo!'s really stuck out for us today. heavy trade, 15,000 to the june 40 calls against the june 45 calls. people looking to the upside. this is something that we have seen as a theme for a while, folks. when you look at valuations, yahoo! is another one of those, no matter how you pull out the alibaba and everything else, it doesn't seem to be o

how big of a setback is this for tesla? this is one of three states banning direct sales. >> i think phil brought up good points. it is a headline risk in that we're entering the legislative session. and we'll hear more about tesla's fight on a state-by-state basis. to increase consumer freedom. and it does create an impediment in new jersey. he mentioned alternatives going out of state. this is one of three states out there, in the united states, possibly four, that have some rules constricting the sales to consumers. and this is in the united states. outside of the united states, you don't have these types of rules. and really, they're rules with dealer association groups in the united states. but it does slow down sales. it slows down the education process to some degree when you can't have test drives out there. a couple markets within the united states. and if you look at texas, which also restricted how the go-to market strategy, there's sales down in texas. the highest number of teslas on the road are in texas, outsi

i'm phil lebeau with breaking news regarding tesla.he new jersey motor vehicles commission has just voted to ban the direct sale of automobiles in the state of new jersey. that means that new jersey becomes the third state after arizona and texas that will not allow tesla to sell vehicles directly to consumers in the state of new jersey. take a look at shares of tesla intraday. notice they have been sliding lower. that's when the conference call started in the middle of the day. tesla first realized there was this meeting with the new jersey motor vehicles commission, held a conference call and you see the shares moving lower now that the motor vehicles commission in new jersey has voted to ban the direct sale of automobiles. guys, back to you. >> phil, thank you very much for that. to your point earlier, i guess to what degree it sets a precedent, to what degree we will see other states voting to ban sales of tesla. >> three down, by my math, 47 to go. here's the problem for tesla. if this steamrolls, where do you sell your cars? or d

tesla gets a jolt from new jersey. the electric automobile manufacturer is integrating with the way automobiles are currently sold. attack of the drones. one u.s. company puts into the air technology that has the potential to do big harm to humans. a debate on how to integrate drones into everyday life. the oak ridge boys. a musical group at the crossroads of country and gospel. we will find out how they are integrating. let's get some headlines from carol massar. >> thank you so much. speaking of integrating, men's wearhouse and joseph a bank is integrating. the deal ends a five-month takeover battle between the two retailers. they will also do a separate and to buy another brand $300 million of its own stock. a billionaire is renewing his attack on the nutrition and weight let's -- weight-loss company herbal life. he says that they violate direct selling laws. they responded saying that they remain confident in china. their chinese model is in compliance with regulation. loss after theet largest owner of u.s. casinos

at the moment, tesla has this exclusivity. you order a tesla, it comes to you.a on another car dealer's lot would ruin that exclusivity. what do you think about that? >> i think it would cheapen the experience. it would be the worst possible thing that tesla could do. the idea -- tesla doesn't have dealers. they're not wrecking any franchise system. and why would we make the public just pick one way of buying the vehicle from a franchise system that's 60 or 70 years old? >> because i want to be clear on this idea, okay? i'm only saying this might work as a last resort. if every state tries to kill tesla's model, they either face death, not selling any cars, or this. this was the option to maybe help the company. that's all. >> yeah, i don't agree with it, but you can say that. >> how's the car business, by the way? >> it's actually very good. extremely good. subaru in january was the third best selling vehicle in the six states of new england. we beat ford. we beat nissan. >> because the weather was so bad and subaru's got a good reputation for -- >> no, because

the tesla buyers are educated. the issue is you need their service. tesla, not so much. it's a battery pack. i'm not a fan of tesla because of the valuations. i'm not a fan of the stock, i'm a fan of the company. it shouldn't do anything. >> the street is we defending various calls today. >> if you're going to be long in a momentum name like tesla you want to see something like this, perceived adds negative news coming out and the stock drops and rallies up 3%, you want to be in a name like that. >>> believe it or not, fannie and freddie are big hedge fund plays. we're going to talk to senator warner pushing to unwind them. and ralph nader, he actually owns the stocks. he is advocating for the shareholders. we'll hear from both men. then gold is nearing a six-month high. we're going to find out what that means for the rest of the market. and speaking of gold, don't miss neil young on "closing bell" today. that's right, he's introducing a high-priced music player. he says will be the gold standard in digital music quality. >>> welcome back for our trader blitz. four trade

it's just noise with regard to tesla. he referred in that interview about tesla's business model. tesla. it employs ,000 people and has a market cap of 30 billion. fiat employs 225,000 people and has a market cap of 13 billion. it's about productivity. it's about technology. it's about breaking down these traditional barriers and the way we sell. this will just get swept apart. so i agree with you. i think it's uncalled for and unfair. >> amazing. good to see you. thanks very much indeed. patrick spencer, joining us from buried. >>> now, another alternative, the u.s. attorney's office in manhattan has reportedly opened a probe into gm's recall of 1.6 million vehicles worldwide. prosecutors are examining whether gm is liable for not properly disclosing issues with its car and prompting recalls last month. gm and the u.s. attorney's office have declined to comment. gm shares down 5% tuesday. the worst one-day performance in more than two years. down another 2.5% today in frankfurt. >>> now, just how satisfied are you with the service at your local starbucks? if you are very satisfie

dealerships and tesla. want to bring in matt miller and from van nuys, california, beau boeckmann. he is the head of galpin ford. it is good to have you with us. matt, maybe you could describe the importance of this decision in new jersey. it has to do with how you buy or sell an automobile. >> i think it is another case of overregulation. >> tell us what happened. >> basically, you are not allowed to buy a car directly from a company in this country. tesla has been recently flouting those rules and going out and putting stores and showrooms into malls and other places where consumers walk around and look at things. they are selling directly to consumers. why wouldn't they? ford and general motors and every large, major automaker in this country for years has not been able to do that. dealers need some way to keep their businesses viable. they have politicians create regulation that forces you to deal with a middleman. >> wait. wait. let's bring in beau boeckmann. >> if i was elon musk and tesla, i would be

liz: what about tesla?t has been in the news. >> they could sell countless dozens of more vehicles now. [laughter] good to have you best. -- back. thank you so much. gm is not hit too hard the closing bell if you watch our show yesterday the author of tests by china headed for a fall of those fears are overblown talking to a strategist of the complete opposite ways to make money in china. market's close at 4:00 pmi am always on call. sign up i will give you the top headlines of the day what you need to be watching. delivered right to your smart phone. ♪ ♪ quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. those litt cialis tadalafil for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet helpsapproved to treattime the msymptoms

and what might it mean for tesla? >> reporter: it hurts tesla from this standpoint. new york is one of the top markets for sales of the model s. yes, people in new jersey in the future will be able to go maybe to pennsylvania or to new york to buy a model s and bring it home. but because new jersey is now decided it's going to ban direct sales of automobiles, that means that people there will either have to go through a third party or go out-of-state. for tesla, this becomes the third state in the country after texas and arizona that has banned direct sales of automobiles. as to, why tyler, it's the dealers in new jersey. they do not want to see direct sales of vehicles and therefore they have been fighting tesla all along. they had an opportunity here to go before the motor vehicle commission and say, don't allow direct sales anymore. essentially ban tesla and that's what happened. >>> the other story that falls under your beat is the missing plane. y updates today? what do we know? >> reporter: the mystery continues, sue. we're going to be going on daybreak relativ

solarcity, fireeye, tesla, and priceline. is this the pullback where you pull the trigger and get in on some of the high-flying stocks. our traders, tim seymour, brian kelly, karen finerman and guy adami. we saw a pullback in the nasdaq. it peared the losses throughout the session with the help of tech names, microsoft, apple, ibm. >> these are places where there's some valuation argument, not just momentum behind them. certainly at microsoft. if you look at where the market was, a lot of people came out this week, we failed o break out on friday. we didn't get there. they were weak after triple witching which has been a tough week. we had china pmis last week. this set up for a challenging day. when you have weaker pmis in this country, people were worried. i don't think this is the reason to run for the hills. >> i would agree with that. you're asking about the momentum names, a bunch of them, i'm in. i do think so. i think you get into them now because you saw the bond market today in the u.s. didn't confirm the weakness.

tesla has two stories in columbus and cincinnati.te dealers are arguing that tesla is violating automatic -- automaker laws. they are stretching the protections for dealers. the two sides are supposed to meet in columbus tomorrow and see if they can work out some kind of compromise, but this is the latest in a string of efforts by dealers in a lot of states, texas, arizona, new york, and elsewhere, to prevent tesla from doing a direct sales model, a direct from the factory model rather than setting up a franchise network of dealers. >> why are selling automobiles such a different proposition than selling mostly everything else in the world? >> it goes back almost 80 years. back in the 1930's apparently some of -- the big automakers at the time could certainly take away your franchise. they might set up a competing franchise within the same brand across the street from you to drive you out of business if they did not like your store. beginning all the way back from the 1930's, states began to set franchise protection and those have be

what do the tesla folks say about that? >> well, tesla is very upset.ersey, the state of new jersey including governor christie gone back on their word. i went inside the tesla store and numerous customers were inside thinking about buying one of those teslas before it is too late. one of the rules that the tesla dealership violates in new jersey? go through them really quickly. you have to have a franchise agreement basically with an automaker. tesla doesn't have that. they own their own stores. number two, at least 1,000 square foot showroom. number three, at least two cars in the dealerships. tesla in short hills maul behind me. they have only one. lastly must taken a service department. tesla does have a service department not here next to the dealership. liz, dave. liz: i can say this, all of these rules are put in place from many, many years ago in the end if somebody wants to this product they should be able to. that is for the people on side of tesla. governor chris christie, who is in the past been known as a free marketeer is really digging hi

and creating the tesla brand. is the one that has the biggest incentive to make sure that the brand is protected in the long run to provide service and putting safe automobiles on the highway. for some manufacturers, distributing through dealers may be the best solution. i am not against the dealers but the question is, why should the state commission imposed a restriction on consumer choice as to how people want to be able to buy their cars? tesla is one of the most innovative and dynamic car companies in the nation and to infringe upon their ability to deal directly with consumers is an affront to the freedom of enterprise anticonsumer choice. >> professor, we regulate in the u.s. securities and exchange. we regulate real estate agents. we even licensed dogs and cats in this country. we license motor vehicle dealers because they have an impact on the health and safety and economic well-being of the public. the public interest is compelling to regulate this. no one is saying that we should not regulate cars. >> l

tesla shut out of new jersey.voted today to ban the automaker from selling directly to consumers. tesla said it only learned yesterday of the rule changing coming to the most densely populated u.s. state. >> it is a big deal. we know that the places their sales have the dominating our certain zip codes -- the seattle area, the bay area, southern california, and the new jersey area. >> tell us the story here. why did this happen? >> it looks like this one popped up as a bit of surprise yesterday. concurrently, tesla is dealing with legislators and car dealers in ohio. they were scheduled to have a meeting today to see they could work out a compromise. late last night, they suddenly discovered that this was coming down very fast. the company thought that they were working for this legislative process there and that they were going to be cleared to continue running their two stores in new jersey. it did not work out that way. it was a unanimous vote to essentially bar any form of direct auto sales in new jersey. they

>> i'm watching tesla.3,000 cars sold for all of 2013. but that isn't the issue, should they be able to kell cars in new jersey? i think so, except for one asterisk, a huge asterisk. do you want to know what it is? come back after the commercial and i'll tell you. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works at ge. the world of luxury has been to blind you from the truth. we just want to get our car... take the blue key, you go back to the luxury you know. you take the red key, and you'll never look at luxury the same again. "crack of thunder" this is unreal. it's very real. this is what luxury looks like... ...and this is what it sounds like. "blows into pitch pipe" (singing in italian) nessun dorma! ma il mio mistero è chiuso in me. (singing in italian) vincerò! (singing in italian) vincerò! ♪ in a we

>> musk: well, i didn't really think tesla would be successful.would most likely fail. but i thought that we at least could address the false perception that people have that an electric car had to be ugly and slow and boring, like a golf cart. >> pelley: but you say you didn't expect the company to be successful? then, why try? >> musk: if something's important enough, you should try, even if you... the probable outcome is failure. >> pelley: what's important to musk is reducing greenhouse gases, which he believes threaten the world. the tesla will go about 250 miles on a charge, and musk is building a network of charging stations where the driver pays nothing for a fill-up. he hopes to make the stations largely solar powered one day. >> musk: you can drive for free, forever, on pure sunlight. that's the... you know, message we're trying to convey. so even if, like, there's a zombie apocalypse and the grid breaks down, you'll still be able to charge your car. >> pelley: so there's a zombie apocalypse warranty? >> musk: yes, exactly. >> pelley: an

and tesla not getting any loving. new jersey, this is something we talked about yesterday, and that is the dealer network versus direct sales. a new jersey motor vehicle commission has voted to ban the direct sale of automobiles like tesla in the garden state, forcing tesla to use dealers, instead. this vote makes new jersey the third state after arizona and texas that will not allow tesla to sell its vehicles directly to customers. >> this is not fair. this is not fair at all. i mean, what makes this not a dealership that you can't come in here and get an oil change? i don't think so. it's a dealership. >> that's the business model. competition ensures that there's a vertical monopoly in the sales process. and it restricts consumer access to very valuable and very important public safety considerations. mainly warranty and public safety -- >> is there a commission called automotive realtors? i don't know. i can't believe we would mess that up instead of retailers. ♪ one of these states is not like the other one of th

of ouryou will be a part tesla special.e sure to tune into our special program on the day new jersey passes ban on sales -- we will have an in-depth look on the .scalated battle we will go through the ins and outs of exactly what the battle is about. in ukraine, john kerry met with for rushing counterpart four hours yesterday to find a solution to the rapidly evolving touation in the ukraine. diplomaticpossible measures are joining on the phone from moscow is on. they started investing in ukrainian sovereign debt. give us your take on what you have seen so far being in russia but also trying to get into the ukraine. is thisi'm picking up is not a flight russians aren't this is not a-- flight russians are internalizing too much. there does not seem to be a resurgence desire for empire. there seems to be a few roadblocks and discussions. the russian proposal there really leaves the russians a lot of options pushing their referendums in the states or provinces. the markets seem to be an uzi astec. all trading in 10%. for recen

well, today, another new york legislator and tesla officials met at a tesla store in white plains, and they're joining forces to push back as they look, we can come to some kind of a compromise here. and a lot of tesla vehicles to be sold in the state of new york. by the way, tesla sold 600 cars in new york last year, compared with more than 800,000 for the state overall. and the state legislature, who was at the press conference today, says there is room for tesla and traditional dealerships to coexist. >> this is not an issue where the two sides are diametrically opposed. >> here's where things stands with tesla and different stats around the country. three states have band it. texas, arizona, and the new jersey ban goes in effect on the 1st. there are bans on the sale of teslas in maryland, virginia, colorado, and minnesota. if new york changes the laws and no longer allows direct sales of automobiles from manufacturers to customers, what would it mean to tesla? here's the vp of corporate affairs for the company talking today. >> it will certainly damage tesla. i can't speak to indi

>> and you bought tesla. >> i bought tesla. just before the close today. >> what is going on here? >> i don't know who this is. >> tesla down 20% over the last couple days. and you have fuel cell stocks going crazy. >> i'm with these guys. it feels like it could go either way right here. that 1850 mark in the s&p, doesn't feel like we want to go below it. i was talking before the show. look at the nasdaq 100. a lot of people trade this thing. the top five holdings. they're names you know very well. apple, google, facebook, and microsoft, one other i forgot. oh, amazon. they make up 34% of that index. it's amazing. you look at those five names, one of them is driving the train. facebook up 30%. and google up 8%. and the rest are doing a whole lot of nothing. that thing is going to go one way or another, very soon. and i think that's the way the market is going to go. >> who is sticking by the correction is coming? who is sticking by that prediction? >> i'll stick by it. it's a matter of time. it's useless unless we know what the time frame is. b.k. has been wrong. >> there is a corr

general motors and tesla. reports that the u.s., as new jersey commissioners ban sales direct to customers. let's start off with the latest on gm. go straight to cnbc's phil lebeau. phil? >> the investigations are mounting for general motors. two were announced. let's start off with the a.g. office

they are not a friend of tesla. put tesla to other cars they wilbury my car. they don't understand my car. it is not same thing. i'm selling technology. i'm not selling doesn't sauer they are. it's a compelling argument. you don't buy it? >> well there is something to the argument. there is something argument dealers add value. that is the way business is done. melissa: like what? >> they add, invest, 3 to $5 million in facilities. they do retail advertising across the board in their local markets. they service the customer. they're a point in distribution. there's a lost value to the dealership experience. melissa: them being able to take the car back and service it. would you be satisfied if musk had a service center right next door? would that do dot trick, jack? >> i think there is lot of things going on here. certainly there is the "political connections" that dealers have. you have to look back how the dealership developed. in old days, the dealer was single point and depend absolutely on manufacturer, that manufacturer could w crush the dealer and withd

tesla and the automobile dealer association reached a deal over five tesla stores open in the new york area. dealerships say their illegal because the sell directly to customers. the deal means tesla will be allowed to keep the five stores open but any new stores in new york have to be run by independent dealerships. tesla contends it needs specialized sellers to explain the benefits of more expensive electric vehicles. >> time to get a check on the weather and how much more rain we could see. leigh glaser is here with that. >> going to see a little more tonight and then a nice break tomorrow before a larger storm system moves in on monday. the trend is the cold front pushing from south -- from north to south and you can see the moderate rain, even red starting to be visual there, just to the east of fremont. also, 680, moderate rain, and i do want to take you up north. we have a tornado warning, just been issue for central glen county, a funnel cloud has been spotted six miles south of corning, which is right here in this particular area, and it is moving to the east southeast at six

finally, there's tesla. the bears have been battling this one forever. constantly bashing the company's way of reporting its earnings, and insisting that rather than being a profitable enterprise, tesla is actually losing a lot of money. they've watched this stock go from 50 bucks nine months ago to $250, based on some excellent consumer reports ratings and a very strong demand for a nice electric car. i've been saying tesla was a cult stock, but i wasn't prepared for that last jump from $200, based on a report of a new way of producing power, that could revolutionize the $3 trillion electric grid, not just the power industry, it was fuel cell on steroids. and it ran over just about anyone who doubted it. but today we learned the that a new jersey commission voted to ban direct car sales, which is tantamount to shutting down tesla's car operations in the state. because they've run afoul of new jersey's franchise rules. one of the most exciting parts of the whole tesla experience, i have to tell you, in new jersey, what hooked me on the car, was that fabu

. >>> tesla ceo elon musk fires back at governor after the state bans tesla sales. >>> who says luxury is dead? coach is better doidoing better rest. no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ a ♪ ♪ >>> oh, look at the faces here. >> i don't know what -- who was that? guy, you would know. you would know. >> just help the people at home. >> isn't it britney spears? >> i got plenty of time for britney. >> i'm gonna to vegas. >>> time to hit today's top trends. new york is taking a page out of new jersey's playbook. they say he wants to ban tesla from direct sales, telling the new york post, quote, my hope is that we are going to be the next state, i feel confident, tesla's elon musk took a direct swipe at a new jersey governor. saying, quote, the ration nail given for the regulation change that requires auto companies to sell through dealers is that it ensures consumer protection. chris christie's camp has no response. following new jersey, new yor

there are two tesla stores that are impacted in new jersey. unclear whether or not tesla will convert those to galleries where you can't ask about pricing, can't ask about buying a vehicle, but the vehicles would be on display. that remains to be seen, whether or not that happens. here's what one supporter at the hearing yesterday had to say about the potential move from the commission. >> it is without a shadow of a doubt un-american. you have stifled progress and innovation in the state of new jersey. >> reporter: how much will this impact sales? the company has sold about 500 vehicles in the last year in the state of new jersey. by the way, compare that with all of the makes and models sold by auto dealers in new jersey last year, which was almost a half million. shares of tesla bouncing back today after being hit fairly hard yesterday afternoon. hard to tell how much of the stock movement is due to what's happened in new jersey, but clearly, this is a story that's getting a lot of attention because there are now three states that have bann

tesla and the automobile dealer association reached a deal over five tesla stores open in the new yorkrea. dealerships say their illegal because the sell directly to customers. the deal means tesla will be allowed to keep the five stores open but any new stores in new york have to be run by independent dealerships. tesla contends it needs specialized sellers to explain the benefits of more expensive electric vehicles. >> time to get a check on the weather and how much more rain we could see. leigh glaser is here with that. >> going to see a little more tonight and then a nice break tomorrow before a larger storm system moves in on monday. the trend is the cold front pushing from south -- from north to south and you can see the moderate rain, even red starting to be visual there, just to the east of fremont. also, 680, moderate rain, and i do want to take you up north. we have a tornado warning, just been issue for central glen county, a funnel cloud has been spotted six miles south of corning, which is right here in this particular area, and it is moving to the east southeast at six mi

tesla wanted the matter handled ledge latively. texas and arizona have banned tesla and those two states are among four being considered for a battery. >>> the san francisco mint is making a new coin. the new commemorative coin honors the national baseball hall of fame. it has a baseball on the front and a baseball glove on the back. for the first time ever it's curved. mint workers say that's -- they had to learn to shape the dye to create the coins. >> we're very proud of it. totally different from what we're used to it and it was a challenge to learn how to do it. but we mastered it. >> the coin comes in five- dollar, one-dollar and half- dollar denominations. it's designed to attract the attention of coin collectors. >>> we'll be keeping a close on eye the damage left behind by a massive fire in san francisco. the new fear, the charred out building will happens. we're working to learn more about the strategy firefighters use to battle these high rises in particular. that's tonight on the news at 5:00. we always thank you for ma

that's what happened to tesla back in january. the story looked dead as a door nail. i love hearing people saying stuff like that about my trade. >>> buying 100 shares of 3d systems that will set you back nearly $6,000. gold, the metal sector suffered a serious slide. dominic chu is back at headquarters and roaring start for gold this year. so entering this week, gold was poised to have the best first quarter of any year in the last 27 years, but now, it could just be the best first quarter since 2006, it's still impressive but well off that break-neck price. gold is down 3-4% over this past week. you can thank the fed and the perception that it can raise rates sooner that it expected. it's on the decline now. the annexation of crimea by russia happened without bullets flying and the stokt market hit a record high. all of those things dampen demand for gold. the question now becomes du the down move persists or do bargain hunters step in and keep this bull run alive. >> thank you so much, dom. let's hit the chart master, carter worth. you called a rebound earlier, ver

take a look at tesla. to go up all the time even though tesla will not be allowed to sell cars in new jersey. they call it a minor inconvenience. another winner, jcpenney positive comments from some of those analysts. we put it on deathwatch, now $9 per share a couple of days ago. look at the big board come another do down day. it'll be 33 days in a row the dow has gone down. look at facebook because they are coming close to another new high. nicole: always exciting to take a look at a winner on a day with down arrows. not too far off the all-time high of 72.59. raising the price target of $85 up from 70. they love what they're seeing with instagram, advertising on facebook and of course the acquisition of whatapp. stuart: i have tw to go politicl headlines for you. republican david jolly when the congressional race last month even though he was outspent 4-1. he had campaigned against obamacare. also, the president's approval rating another low, 41% approve of his performance. charles, what do you make of

what is a tesla, $93,000?jority of the people want to try to haggle for that price? let me tell you where this really gets interesting. we've had 10 to 12 manufacturers go out in the last couple years and fisker was one that was here in town. we had a dealer that had it. what happened with that was they left town and took away their 800 number. off consumer left for a vehicle, no manufacturer, our dealers took care of them. they even bought them back. so, you know, at the end of the day there is a lot to consider. it isn't just, you know, exactly what the price of the car is. it's who ends up taking care of them? suzuki did the same thing. they went across the ocean. we just had a recall on them. >> ironically by were venting tesla potentially from having more locations or being able to service these cars, you're not even giving them the chance to really be a bigger player in this space. >> they do have a service center here and we haven't kept them from having a service center here. what we're saying is when

tesla battery company, a tech company. i don't think this is over for tesla. >> how low, b.k. wants to know? >> the check point that we both agreed on was 225. i think you wait until it levels off because there's lack of clarity. >> there's definite ly other stories here with this name. i think 225 holds. >>> next up, tiffany and company reporting weaker than expected earnings. pete? >> when i looked at this, they did come in beneath the full-year expectations. but i look at this name with the same-store sales, revenues are up 5%. they were strong across every market sector. i think the sale today is unjustified. >>> silicon valley meets what on the some of the biggest names in technology at the white house. that's next. bulldog: look at that! $300 off serta perfect sleeper and sealy posturepedic. plus, free delivery. the red tag means you save more green during mattress discounters red tag sale. ♪ mattress discounters ♪ ♪ >>> stocks taking hit with the shares of biogen idec falling. shares of biogen idec. george, great to have you with us. 12k3w4r thanks for having me, meliss

you brought up tesla. i'm curious. goldman sachs talked about tesla as a solar play.at, as well? >> we see it as an energy storage play. we raised our price yesterday morning. it has room to go. we have a blue sky out there for 340. i would rather own that for the elon musk factor, if you want to own that than solarcity. that has the technology differentiation, than any other company out there. solarcity has a lot of competition out there. getting more competitive, i think. >> ben, we're going to leave it there. thanks for being with us. >> thanks for having me. >>> coming up next, the one emerging market that's signaling there may be more danger ahead. more "fast" straight ahead. >>> plus, we talk to the company behind the new ava 500, which could revolutionize business meetings. >>> markets around the world were higher as tensions ease in ukraine. but traders not getting too comfortable here. mike khouw is in florida with the options action for today. hi, mike. >> hi. we saw a couple different etps. exchange trader products. the one i was looking at today was ewz, w

tesla, tesla, tesla.nd twitter pages which stock you would rather own. we have matchups all this week. the results of round one comes on friday. our next topic, which.com would you rather own? ali baba, go daddy or way bo. >> ali baba all the way. i think they have what it takes. big dog gets the label. >> if you like google, you have to go with ali baba. >> all right, everybody. the halftime report is officially over. now you know we have another regular feature. it is called this week's barron bounce. they like this deal between the banana giant. phil roosevelt is here. you are standing behind chiquita. >> we had a little bounce earlier this morning. it is up 60% since then. we think we have authority when it comes to chiquita. stuart: they will be the granddaddy of all banana companies. stuart: what is so special about bananas? >> first of all, one of the most popular foods in the world. stuart: which country consumes the most bananas? >> ireland. stuart: no. >> i give up. stuart: germany. germans love

>> well, let's start with the fact that no one's ganging up on tesla, and everyone thinks that teslashould be able to sell their cars in the state, and i'm sure new jersey feels the same. car dealers this new york state have sold over 17,000 as of august hybrid and electric vehicles, and we welcome additional -- melissa: but, deborah, let me stop you right there because i've interviewed elon musk on this subject, and he says when you give his cars to a dealership that sells all gas-guzzling cars, they're not a natural advocate of his product. his product is the enemy. so it's like giving your car over to the dedecision more them to -- competition for them to sell for you. they will not sell it, they will not advocate for it in the same way they do other cars. how do you respond to that? >> i think that's nonsense. that's a a hot car right now, consumers want to buy it, dealers want to sell it. melissa: what about the idea that they don't understand the technology as well, that this is more of a technology car, that he has specialized people who focus on how to sell it, how to have th

tesla is expecting mid to teen operating margins.a little more conservative, expecting low to mid single-digit margins. they still like it, but they think that tesla is being a little aggressive with their outlook. back to you. david: nicole petallides, thank you very much. with interest rates so low and market valuations so high, more traders than ever are borrowing cheaply to buy stocks. now that bet has been paying off as the market keeps moving up but the level of margin debt now hit a record of $451 billion according to the new york stock exchange. that has a number of folks worried including our next guest. joining us now is brad mcmilan, commonwealth financial chief investment officer, and lance roberts, sta wealth management ceo. brad, really the first a lot of us heard about this as a major concern was last week when richard fisher, the dallas fed president talked about it. he said margin debt is at quote, eye-popping levels. do you agree? >> i do agree and it is not only the absolute levels that are a concern it is the leve

if you're in texas and want a tesla, you can buy one. you can order it through tesla.arty vendor who will deliver it to your house because they can't technically sell through their stores is because they don't have stores in texas. >> well, do i need to move to texas? >> how much of an oversight do you think this has been for elon musk? was he aware about the laws? was he trusting they would change? what happened? >> well, i don't think it was an oversight. i think he truly believes that at the end of the day, you want to strip out the dealer because you want to have the lowest price, he believes, available. let's be honest, dealers are buying from manufacturers. while they may say, well, we're only selling for invoice, we're not making a lot of profit, there is profit built in there. from elon musk's perspective, this is the new economy. you buy directly from the manufacturer. >> and this happens when you try to shake up a market. when apple opened up its retail stores, its third-party dealers sued it. but it ended up being an innovative thing. it ended up being impor

people in arizona are buying tesla cars. there are 600 or so tesla cars on the road. impact. it's not going to rock the boat. they can both exist at the same time. it's just the consumer is going to make that choice. so, no, it's certainly not the end of the world for dealers, and the reality is arizonans are already buying teslas outside of the state and just bringing them here. so we might as well buy them here in arizona. >> that's the argument that elon muck was making for those in energy as well. ware r warren peterson, thank you for joining us. phil, appreciate your perspective as well. >>> what could make a new york banker embrace more regulation? it's coming up right after this. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south afr

i know you have the resources to buy a tesla. >> not only has he been to a tesla store, he came homeing. >> it is amazing. it is completely unlike a typical auto showroom. >> much like the apple store and electronics. >> let's look at the other big project on elon's radar, the gigafactory. >> $5 billion. >> $5 billion. think about the jobs that will be created. look at the map. nevada, new mexico, arizona, and texas. twoona was one of the states that out right hand tesla from selling in the first place. will he use the leverage he has with the factories to overturn those bands? who knows? the auto dealers are digging their heels in for a fight. i think this will be a bigger deal, maybe as big a deal as the model s. this is going to transform the electric car industry, period. buyou will be able to batteries cheaper. >> right. it will double the amount of lithium ion batteries on the market. it will double the commodities market. it could turn out -- when i was on a conference call a few weeks ago, this factory was the only thing that analyst's were interested -- analysts were interes

electric carmaker tesla is right in the middle of a fight.orn anthony. tesla has a small handful of stores like this in the district of columbia where you can come talk to someone and buy one or buy one online as well. but a growing number of states are throwing up roadblocks as to how tesla does business. tesla not only builds expensive high-tech cars like no one has but they want to break the mode on how they've been sold before. it is illegal to sell cars directly to buyers in texas and arizona, restricted in maryland and virginia and last week new jersey's motor vehicle division voted to ban direct sales to customers. >> what this is really about is consumer protection and tesla is working overtime to try to understood mine the legitimate public purpose behind the this statute which is to protect the public's interest and make sure the fox is not in charge of the chicken coop. elon musk filed back on his website saying the rationale given is referring to consumer protection. he says unless they're referring to mafia protection this is unt

. >> tesla motors is making high profile changes. they announced this the morning its move will bring the risk of battery fires down to virtually zero. >> reporter: kristin, the national highway traffic administration closed the investigation into car battery fires after the company agreed to install more shields beneath the cars. this dramatic video of a model-s going up this in flames is one of the literal sparks that led to an investigation by government. there have been three fires involving the teslas, this morning, ceo announced in his blog that the company has been outfitting all teslas with an under body shield. >> if you drive over something on the highway, tesla said it had will push things out of the way rather than them going through the battery pack. >> all of the changes were done reluctantly by musk, he said is that the public misperception led to the investigation and resulting changes. he wrote this morning with a track record of zero deaths or injury since our vehicles went in to production, there's no way -- the un

this is one of two showrooms tesla has here in new jersey.ay, the garden state becomes the third state to ban direct sales to customers by manufacturers. in a hearing in trenton, a lot of dealers speaking up against the tesla business model and the department of motor vehicles voting in favor of the rules change. you hear a young kid in here crying. a lot of tesla customers who came to the showroom this afternoon also upset about the rule change. a number of them saying it's just not right. >> this is not fair. this is not fair at all. i mean, what makes this not a dealership, that you can't come in here and get an oil change? i don't think so. you know, it's a dealership. >> reporter: well, effectively, the rule says that in order to sell cars in new jersey, you have to have a franchise deal with a manufacturer as dealers do, and the dealers, no surprise, praise the decision, saying that ultimately, this is better for consumers. >> the tesla business model crushes competition, it ensures that there's a vertical monopoly on the sales process,