' tesla's succes? >> i would rather be traveling to state capitals and arguing, and our lawyers submitting briefs to courts. but on the flip side, it's probably allowed us to get the word out. you're here to learn about tesla and i'm telling you about the dealer issue. >> that issue has touched every corner of the u.s. iowa recently stopped tesla from offering test drives. tesla has been band from showing any cars in texas, arizona, new jersey and maryland. and legal battles are brewing in other states like georgia. we wanted to know what's really motivating the georgia dealers association from stopping tesla. they wouldn't answer our questions. instead they sent me an e-mail, saying, providing consumer protections, we also reached out to the national automobile dealers association. they said they're really not involved in this tesla issue. even though a video on their website states otherwise. >> governments set up dealer franchise laws to protect consumers and dealers make this complex process simple

are tesla's glory days behind it? jpmorgan, citigroup and wells fargo could shake up the markets even more when they report before the bell tomorrow. well tell you which big banks to watch. that's straight ahead. >>> we start off with netflix here, striking a deal with showtime to beef up its european launch. the stock fell with the rest of the market today, is now up slightly in the after hours session. analysts just upgraded the stock to a buy and target of $600 a share. just about an hour ago. he joins us here at the nasdaq. rich, great to see you. >> thanks for having me. >> what is behind this call and we should know netflix reports on wednesday. why now? >> i think really what we're seeing across the board, this is the first time the ad market has been weak, tv advertising has been weak while the overall ad market is strong. same time subscribers to multichannel television satellite market is starting to fall. what everyone needs to do is figure out new ways. from nbcuniversal, you go across the board of every m

>> i look at something like tesla. >> doesn't everybody think they came up with tesla?> i don't think i came up with tesla. elon and the team did a great job at it here it is showing the world what can be done when you embrace technology to the fullest. >> thank you. and congratulations. when we come back, it's all about icahn and apple day. is pimco ready for carl knocking on his door? i'm stephanie ruhle. ♪ this is "bloomberg west." my stephanie ruhle, in for colleague. i'm live in san francisco at vanity fair's news establishment summit. the east coast today, apple in a letter to sam cooke, billionaire activist investor carl icon argued that apple should trade at $203 a share, twice its current price. that would boost the company's valuation to $1.2 trillion. spoke with trish regan. she started by asking why there is such a disconnect between icahn and other investors when it comes to apple. >> i think it is some secular change the people don't realize and apple. greatesthange in the industry in the world, the mobile phone, in that apple is not a hardware manufacture

as a result, tesla shares are falling over 4% this morning.he good news was already baked into the stock it had risen 7% after elon musk teased the event last week. another silicon valley giant is splitting up. symantec will device its business, one focused on security, the other on storage. this follows hp's move to separate its pc and printers business out, also ebay splitting off with paypal. >>> let's see if we can get a rally going today. it was a rough one yesterday. so far, so good. dow is up by about 90 points. nasdaq is flat. dragged down a bit by tesla. s&p moving higher by 8 points. we'll see if we can keep it up today. back to you. >> pressure is on you, jason. >> all on -- i know, i have to buy if i can. >> thank you, jason brooks from kcbs news. >>> well, new this morning, about a dozen armed men stormed a casino not far from yosemite. they held the security staff in conference room in a dispute between rival tribal factions there. madera county sheriff called to the casino to act as a mediator between the two sides. no injuries

here it is, the teslas. this can go 265 miles on a single charge, it can also speed up from zero to 60 in just over four seconds. that kind of speed more american drivers are making the switch now to electric cars including luxury vehicles like this. maybe thought about doing it yourself. but the auto maker now faces stiff opposition from the competition, and the debate is driving both sides from the show room, into the courtroom. who is trying to put the brakes, america tonight adam may is back with an america tonight exclusive. >> what is your favorite part of this car? >> what i like is the touch screen. >> it is like driving a spaceship. >> executives are firing back, in their first t.v. interview about mounting lawsuits filed by traditional auto dealers, d.p. spoke to america tonight. we have been mischaracterized as trying to destroy the dealer system, to eviscerate the system. and what i say is look, if the dealer system is that weak in and of itself that it can't tolerate any competition, then it pro

and getting a charge out of the tesla. >> the acceleration is insane. >> the electric car is already hugely popular. and good evenings thank you for joining us. right now, health workers and all of russ focused on dallas. they worry about the spread of ebola, after a liberian visitor there became the first person to be diagnosed on u.s. soil. the grim reality is dallas won't be the last city to come face to face, and the urgent search now underway for those who have been exposed to the virus, but this first case will have to be repeated. what they found so far, not just the immediate family, but others in the community, everybody school children may be at risk, and the waiting game to see if more cases develop will take days to complete. in dallas, here is america tonight. ground zero for the ebola outbreak, it is here that he had spent time after arrivalling from liberia, for the people quarantined in this apartment, it is an agonizing wait to discover if they have contracted ebola, authorities in dallas are working to stop any potential transmission, but what has already gotten out

he's not only working on tesla, but also spacex.oing to continue to do it, but you actually brought a good point. it's a balance issue. when these guys run into trouble, what they do is they use their financing arm to make money. it's funny that tesla and elon musk didn't say they aren't going to finance cars. they will darn right finance cars. charles: here's the thing we have some draconian laws coming into place with respect to do gas laws. that's going to lead to cheaper cars. the cars will have to weigh less. i think they're draconian which have been forced through by the environmentalist. >> i'm okay with that. (?) >> look at china we've talked about. those things look like big bikes way shell around it in china. i'm okay with it. >> you're okay with it, though. charles: we know this is a gigantic industry, guys. before wedge out of this segment. let's talk about how people being make money on this. >> i said toyota because they are looking -- charles: you said those cars stink? >> i threw gm under the bus. >> the reason i lik

solar city, spacex, and tesla myrrh -- tesla motors.ues to make grand visions and outline grand ideas -- ideas. about six years ago he was on the brink of bankruptcy. now look at where he is. some people say, do not that against elon musk ever. classic does not matter what he is revealing. wherever you are in california come it looks a lot warmer than where the two of us are. >> we are freezing. i hope you are warmer than we are. betty, speaking to elon musk. i cannot wait to hear what he has to say. also coming up, carl icahn, the man himself. >> you know he will have something big to say. stick with us. ♪ >> welcome back to "bloombert west" live at the vanity fair. mark zuckerberg is on the other side of the globe in india on his internet.org, speaking with the government and speaking with mobile operators, trying to connect the world and connect more people who are not connected to the internet. i also want to bring in cory johnson, who has been listening to some of the things cory had -- mark zuckerberg has been saying. >> an intere

palo alto-based tesla motors has unveiled new features to its model s. they include all- wheel drive and high-tech driver assistance system. details from cbs news' bigad shaban. >>> reporter: a giant robotic arm unveiled tesla's latest version of the model s, its signature electric car. ceo elon musk says the vehicle isn't just faster than the original but also safer with the new autopilot system that uses radar and ultrasonic sonar. >> it's able to see things long distance, through fog, through snow, read stop signs, distinguish pedestrian, look at traffic lights. >> reporter: while it's designed to assist drivers it can't take over completely. >> it's not at the level where you can safely fall asleep and aright at your destination, okay? >> reporter: but it can reach speeds up to 155 miles an hour. elon musk says the new model is like giving drivers their own personal roller coaster. the car can do 0 to 60 in only 3.2 seconds. >> you will be able to choose 3 settings which is normal, sport and insane. [ laughter ] >> it will actually say insane. [ laug

tesla's a very different story than the other two.me, this is a company that could change the world where the other two just made things easier that we were doing already. you know what i'm saying? to me, i love -- >> those were commodity businesses, amazon -- >> yeah. >> and netflix with pricing pressure, and tesla is a luxury goods business. >> it is. here's the problem down the road. i don't know if it's a great buy right here. i'll tell you this. the first time the big auto companies roll out their high end electric models, there's a going to be the moment of truth in the company. we don't know when that happens. >> speaking of autos, have you driven a ford lately? option traders have. as the stock tanked, bulls hopped on board. we'll explain why when we return. >>> tough day for ford today, shares of the auto maker in reverse after earnings, but mike saw traders making contrary bets. what did you see, mike? >> ford saw two times average daily call volume today, and what we saw were people who affected bullish bets in the stock ro

all tesla caress about is your state of mind. new program from the electric car maker is offering what it calls a happiness guarantee. that story on the other side of the break when "squawk alley" comes back. cute little guy, huh? this guy could take down your entire company. stay with me. on thursday a hamster video goes online. on friday it goes viral - a network choking phenomenon. why do you care? he's on the same cloud as your business. the more hits he gets, the slower your business may get. do you want to share your cloud with a hamster? today there's a new way to work. and it's made with ibm. can you start tomorrow? tomorrow we're booked solid. we close on the house tomorrow. tomorrow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. csx. how tomorrow moves. i'm just looking over the company bills.up? is that what we pay for internet? yup. dsl is about 90 bucks a month. that's funny, for that price with comcast business, i think you get like 50 megabit

tesla plans to sell its four-door sedan for $60,000. lutz at g.m.e, the consumer? >> i started out very optimistically and said, "okay, well, i think we can sell this thing for $20,000," and that turned out to have been, like, one of those, "i wish i hadn't said that." and then we started hoping for well below $30,000, and now we're trying to keep it south of $40,000. >> bob lutz is trying not only to produce a moneymaker but also prove with the chevy volt that his company and his town are still the address for innovative cars. so a lot about general motors' reputation and image is riding on this. >> that is probably an understatement. >> so basically, in your mind, it has to succeed. >> of course, it does. for what it's worth, i stake my reputation on it. >> in late 2010, g.m. rolled out the chevy volt with a price tag of $41,000. the volt was received so enthusiastically by the automotive press that motor trend voted it the 2011 car of the year. by then, bob lutz had retired from g.m. tesla motors has sold over 1,800 roadsters to buyers in 32 diff

tesla motors will put all the rumors to rest. his tweet heard round the world, saying it was "time to unveil the d" and something else, ceo elon musk is set to unveil new technology that helps drivers that prevents drivers from moving off the road. joining us with a review is an auto industry consultant and bloomberg contributor. although it sounded a bit sensationalistic in the intro, that is exactly what elon musk wants. theou are referring to autonomous drive feature or -- >> just the fact that we build this up so much, the tweet heard round the world, how important this new model d is going to be. is it really that big of a deal? >> you are absolutely right. this is exactly what elon musk has been able to do, tesla generates huge excitement outside the traditional car audiences. one of the things he is doing is not have the traditional model your updates. instead, just push new content to consumers as it becomes available. which weon to this d, are still not 100% certain what it is, they are pushing new features to the high-t

in a statement to "cbs this morning," tesla said tesla has every intention of taking the governor upto michigan to debate this issue in a public forum. it's now one of six states with active laws banning operating under this current business model. another five states are debating tlaegs could further protect car dealers. >> they spent a lot of money building brick and mortar dealerships. the dealers pretty much wrote the franchise laws in this country. so they're fighting against having factory-owned stores. >> reporter: now isn't states where direct sales are banned tesla customers have to travel out of state to make their purchases. the company has some ambitious expansion plans. it intends to fight michigan's legislation so customers who want to buy their cars won't have to be inconvenienced. charlie. >> thank you so much elaine. >> tesla is saying game-on. anytime they say, look let's debate this in the light of day, it's serious. >> elon musk say very creative guy. >> he seller is. >>> the company says planes without windows could o ok who wants sweet rolls? oh, i do! (whoooosh

at -- tesla is playing catch-up.ou look at all-wheel-drive and keeping you in your lane with automatic brakes. these are features that have existed in the election market for a number of years. something that tesla needed to do to stay competitive. tesla as a growth story, the more interesting question has always been how and when can they break out of the luxury segment and get into manufacturing, more mass-market cars. >> did elon musk have anything to say about that? this is a luxury home run. what about the rest of us? you're going to see this autopilot feature in every single one of our cars. in the model three, the cheaper version everybody is waiting for. >> betty is going to have more from l.a. with different guests. michael, thank you for joining us. we are going to take a quick break. we are back in two minutes with more "in the loop." ♪ >> you are watching "in the loop the television and streaming at bloomberg.com. i am matt miller in for betty liu. our topook at headlines. the mystery surrounding north un

plus -- bay area based company tesla. unveils a new sedan. the new features and how it compares to the model-s. also --- a mother's frustration.after police do not make an arrest in an alleged sexual assault that involved the woman's daughter. a lawyer weighs in. it was significant cooler out there today, things will continue to warm up in the weekend. now there's even more of the amazing cinnamon taste you love on cinnamon toast crunch. crave those crazy squares even more. ♪ ♪ don't wait for awesome... totino's pizza rolls gets you there in just 60 seconds. whoa! yeah i was testing to see if we really can turn any device in your house into a tv and the tablet worked just fine but i wanted to see if the phone will work as well. so i shrunk sharon. every channel's live just like on tv but it's my phone. it's genius. shh! i'm watching tv. tiny sharon is mean. i'm right here. watch any channel live on any device around your home. the x1 entertainment operating system only from xfinity. tesla motors made a big announcement today.unveiling a new a

and tesla will unveil auto pilot to be announced next week. will this self-driving sales job really fly? there's been buzz about new ipads for months. now we're learning just when they'll be unveiled. apple's unveiling a new full-sized ipad and a mini ipad. just in time for the holiday shopping season, according to a person familiar with the matter. apple's counting on these new ipads, which are said to include a gold colored option, to reverse plummeting tablet sales. it tries to reduce its reliance on the iphone which now accounts for roughly half of apple's revenues. the growth rate of tablet sales has been amazing and really almost all of that has been the ipad. yet we've seen this surprising stall in that growth. almost as surprising as the growth itself. >> yeah. i think as the platform diversifies and as you have different products, different price points, the phones getting bigger and the tablets getting smaller, i think that the ecosystem is starting to figure itself out. what is the price point across each of these devices? and what

tesla. >> i hear all the bearish concerns and i agree with most of them. china is what's really up elon musk's sleeve. if he's so oversubscribed in china, they are so far behind on their alternative vehicles, that they really have to catch up there and do a lot for their environment in china, and i think -- >> are you long tesla? >> i'm not. i haven't been long tesla for a while. i don't have this -- i'm fully invested in what i am. i got real defensive -- >> is this an the top of your list in terms of wanting to pick it up because we have all these catalysts. >> it trades nicely with all the moving average but i've got long my apple, long my facebook, so i have risk with the mobile eye and a lot of risk already filtered into my portfolio. >>> coming up, the fears over ebola suddenly intensifying. one biotech name you may not have heard of that could see huge gains in the race to treat the outbrack. >>> and crude oil. could it be a test for u.s. supply? >>> fast money means trading. everybody has to bring their best every night. the entire trading day is t

>>> thank you, tesla will reveal a big secret. the hints c.e.o. has been dropping about the latest project. >> caltran reveal how support rod on the new east were span of the bay bridge could be getting corroded. >> a huge fine for bogus billing. cell phone giant forced to pay millions. you could get part of >>> covering walnut creek, burlingame, campbell and all the bay area, this is abc7 news. >>> happening today, tesla is planning a big event if los angeles, although it is not clear what the carmaker is up to. last week, we showed you this tweet from less that c.e.o. saying that it was about time to unveil the "d," but the question is, what does that stand for? driverless? there is a lot of speculation. they will introduce an all-wheel version of the popular s, and tesla forum users posted this picture of the rear of tesla with no license plate and others thing it could be driverless version. we will find out this morning at 7:00. >> bart is expected to get and the bus business in the overnight hours. this morning, the bart board will aproblem

hr. >> the fully leaded tesla model s is a $100,000 model marvel. electric, no emissions, able to travel 300 miles on a charge. >> this will be fun to drive. >> it is. i love it. i had the car 16 months now. i love driving it every day. >> reporter: arthur blake from atlanta georgia bought one of the first 10,000 to role off the line. it was the dream of elon musk, a businessman that made a fortune on pay pal dreamed of changing the american car and buying them direct from the manufacturers. >> i'm an it guy. i'm comfortable with performing online. that was what elan set out to face. he wanted to make a car, an vehicle that didn't suck >> reporter: did he succeed? >> i think he succeeded wildly, and surprised himself as to how well it turned out. >> another unwelcome surprise - a battle with car dealership organizations. they want tesla to conform to the traditional model of selling cars - through independent dealerships - or else. >> tesla chose to enter the marketplace, knowingly, and wilfully in violation of the law. >> jim appleton runs the new

. >>> plus tesla hits a road block in michigan.erican auto industry has a new law targeting the electric carmaker. that story's ahead. >>> time to show you headlines from around the globe. the new york daily news said the federal government is suing after allegedly stealing millions of dollars in government money. filing false claims between 2008 and 2012. the city's loss it says it disagrees. >>> and the mass surveillance program is bigger than previously revealed. last month the post office approved 50,000 requests to secretly track people's mail. >>> bloomberg said the makers of auto air bags and the cars that use them nationwide auto lawsuits. with the force spraying metal shrapnel. >>> and the toronto star said mayor rob ford easily won back his old city tory a moderate conservative won the mayoral election. he beat ford's brother by 41% of the vote. >>> and following a major security breach in northern england, a jogger ran into british prime minister david security bubble as u.s. presidents but there's a risk to that kind of

well, following that tweet, shares of tesla jumped nearly 5% today. and so-called something else be? guesses range from a high performance model s to driver-assisted technology. some suggestions though, may not have been appropriate. that prompted a second tweet from musk stating quote, i love internet. comments had me rolling on the floor laughing. glad i didn't mention the other letter. we've been asking you on social media what you do you think the d is? what do you think tesla could have. steve wood, he has been listening to us. steve wrote in, high performance race car maybe. david: oh. liz: what do you think? we want to hear from you. send us your response on facebook.com/afterthebell page. david: it is kind after fun question. liz: yeah. david: we'll find out october 9th or 10th. >>> you see them driving down highways and walking down times square, billboards, they're just everywhere. one of the leaders in the billboard advertising space, van wagoner sold off its build board assets to cbs outdoor for 690 million bucks. >> this is not the first

tesla motors is set to unveil something called the "d." all the excite has come about by way of a single tweet. maggie lake has more. >> reporter: tesla's all electric vehicles are sleek, super fast and turning heads in new york city. this car has been on display here at the time warner center for weeks and still attracts attention. what is next for tesla and founder elon musk. it won't be long before we find out. he tweeted out this photo promising to make a product announcement thursday. he said, quote, about time to unveil the "d" and something else. then this photo appeared online. fueling new speculation about the car. >> i think it's going to be a higher performance four-wheel drive car kind of a sports car, either a two-door or four-door. >> reporter: reports say he could report driver leless car features. must secret a rock star in silicon valley. when he's not building cars he's racing. there are reasons for caution, "a," affordability. a starting price for one is $70,000. this year the company is on track to deliver 35,000 of the

who helps a tesla customer? >> that's an interesting relationship, arguing that it's only dealers in a recall situation that will stand up for the customers, which is an interesting position and one worth exploring, given the fact that if this were the case one would expect the dealers to have raised the red flag in the recent case with g.m. >> that is really the crux of the argument there, that last question, who's looking out for consumers? is the middle man helpful to the car buyer or simply there to take money. we'll have more coming up on my report on america tonight. >> that is the question. meanwhile, how many states in all are in a battle with tesla? >> well, we can clearly state that there are four states, arizona, maryland, new jersey, here in texas, where i am, where tesla cannot sell directly to consumers, so if you're in one of these states and want to test drive a tesla, you have to get in a plane and test drive a vehicle. legal battles are brewing in other states, iowa could be another state comin

betty liu with tesla ceo elon musk. betty is joining us now.here were great expectations for this unveiling, especially after he tweets unveiling the d. this is going to be some sort of updated version of the model s. i saw one headline that says d is for disappointing. is it? [laughter] >> i thought about that, too. there are people out there on who are sayingre this is less than they expected. i think internet disappointed itself. they got a lot right. there was so much speculation ahead of time. they got it right it would be an all-wheel-drive and some autonomous features. they got it right there would he a faster car did everything they expected came true. that may be why you are seeing some disappointment. it wasn't the blowout people were expecting. 8%.ad gone done almost , elon musk thought the stock price was too high. this might be another excuse for investors to sell into this news. d fory, are you disappointed? >> i thought the car was really cool. i got an audi. price, anhe same amazing car with a heads-up display. all kinds of elec

what do you think tesla is going to announce this week?erstanding is that tesla's partner with mobile [inaudible] for the summer, going much higher than any predictions. [inaudible] enablell use cameras to a form of autopilot, so that the car can have adaptive cruise control using a radar out the front of the car. this will partially automated highway driving. >> john, we are having trouble hearing you. some technical difficulties. we will have to leave it there, we will try to catch up with you later. i want to get to cory johnson, again at hb headquarters in palo alto -- hp headquarters in palo alto. cory, time for the bwest byte. what do have for us? >> it is hp related. this is one of the weirdest byte s ever. lot ofdone a acquisitions, not including the toy $5 billion acquisition of compaq. 55 acquisitions, they've only given us the price of 20 of those. they cost the company .9,138,000,000, 100 $38,000 , did revenues increase? they spent $39 billion in acquisitions. almost dollar for dollar what they spent is the increase in revenue

. >> tesla puts. i bought some just now. >> we're going to get all the news on tesla. we're back in 2:00. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. revolutionary by every standard. and that became our passion. to always build something better, airplanes that fly cleaner and farther on less fuel. that redefine comfort and connect the world like never before. after all, you can't turn dreams into airplanes unless your passion for innovation is nonstop. ♪ >>> a down day. it can be easy of course to point out what isn't working but let's check with cnbc's resident optimist dominick chu for a look at bright spots. >> i'm a glass half full kind of guy. so despite the negative sentiment in the stock market there are some bright spots. utilities is

can you comment on a tesla?e argument for owning an electric car and i'm not sure it is but one of alternative fuels? >> right. i'm not licensed to give out individual names and i can identify the industries and certainly with alternative fuels, yes, electric motors, hybrid motors, look, hybrid motors we look at the most fuel efficient cars in the world, talking clean diesel. 19 best cars for mileage are diesel and the toyota prius at number 20 so certainly you're going to be hit on the hybrid side, going to be hit potentially and mind you we need to stay prices down at this point versus sustained amount of time. solar, wind and anything other than a nice hydrocarbon to burn should be vulnerable in the downdraft. >> based on your perspective is this a -- what is going on with the price? is this a supply issue? is it a softening economic issue? i know you're -- you're the expert. tell us. when's happening with the price of oil. >> well, certainly, the concern, the bigger concern here is the economy. now, where we

thank you. >> does tesla's new car live up to the hype? we check out the new model. >> and break out the all-you can-eat pasta. it's a big day at olive garden restaurants. with'll the you what the crucial vote may mean to the company. ♪ >> we all waited for it, and the kurtens have been officially lifted. tesla unstrailed new car dubbed the d. it's an all-wheel driver version of the s. the d is somewhat automated but not completely autonomous. musk? explain the difference. they have is what in airplanes. we use the same term where there's still an expectation that there's a pilot. so if the onus is on the pilot to make sure the autopilot is doing the right thing. we're not yet at the stage where you can go to sleep and wake up at your destination. we would have called it autonomous instead of autopilot if that was the case. >> our betty liu sat down with mr. musk and joins us now. did elon deliver after all the hype? >> i know. and you can just see right there, steffey, as you're talking it's at the low point of the session so far. this wa

this is about tesla catching up to what other cars are already doing.esla will certainly be playing catch-up. there's something about elon. there's something about tesla that seems more exciting. >> and no timeline. these features will be added over time? >> there is a timeline. by next year, you will be able to add on the option of all-wheel drive on to your current model s's. he will be rolling this out in the u.s. and overseas. one of the things about this is guys love cars. there has been so much enthusiasm over how cool this car is. cory says he loves it. it looks great. i wanted to know about the practical side of this. if i'm driving this car down the road, what happens if it is on auto pilot and it hits a barrier and hit someone. who is responsible for that? there are a lot of legal questions that are left unanswered. one thing i want to point out is that elon musk said with or without any of these certainties about what economist driving will look like, he believes it is firmly going to happen in our lifetime, in fact, in this decade. >> betty

tesla is capacity strained.hey don't have a demand problem for their product but you see it will grow into ambitious valuations here. this is a capital intensive business, you have to build plants. there are other issues. we don't know whether middle american demand for their product will be quite as good as it is on the coast where it's much easier to own products like this. so that's definitely a challenge. netflix, you know, we've got hbo announcing they're going to start offering content directly. those are also going to provide some competition. so really not just a hope story. there's other issues that have been identified now in the marketplace that i think are also lending some concern. >> in terms of the patterns, they're virtually identical in the sense that they all have the precondition which is required for weakness, which is extreme proceeding strength. and what gives you double to down side is that precondition of having advanced for a long time, brought in a lot of people, then you start to rever

we have a technological marvel in the tesla. where will the investment come teslas?hat is a good question. it will start out that the high end and the goal will be whether people want to follow that. >> that is the conundrum of our economy. me x fed president said to in2007 -- said this to me 2007. it still hasn't clicked in, has it? help, you get a higher real way. if it is a substitute, then -- and i >> you are with alan krueger that there is a two-part economy, the winners and losers. technological progress and globalization. and that is associated with declining labor force participation. if you have the low-end, your space is limited. at the high-end, people are working longer and accumulating more well. also, more skewed incomes and more skewed labor share of incomes going down. >> what do we need to do to be the kind of economy that would jobs?te >> a two-year plan, six-month plan. >> do you have a two-year plan? >> not a chance. >> the politicians are looking for a four-week plan. but that is typical. -- >> that is typical. why do we need a four-year college

tesla at session highs here.gan in the news, coming up swinging after one of this country's most widely read newspapers reports apparently incorrectly according to jpmorgan that the firm suffered a second cybersecurity breach in three months. charlie gasparino has exclusive details what the wall street powerhouse is saying about cyberdefenses at this hour. only to charlie. >>> and the superfood so successful, the world's richest man bill gates is putting his money behind it. >>> and the new york mets are jumping on the bandwagon. who else? a fox business exclusive with the founder and ceo of beyond meat. ethan brown, who's trying to change our eating habits one mouthful at a time. and bill gates is on board. could be a game-changer for the entire food industry, and your portfolio. dad,thank you mom for said this oftprotecting my future.you. thank you for being my hero and my dad. military families are uniquely thankful for many things, the legacy of usaa auto insurance could be one of them. if you're a current or

. >> reporter: a giant robotic arm una victims tesla's latest version -- unveils tesla's latest version of the model s. ceo elon musk says the vehicle is it not just faster but safer with the new pilot system that uses radar and ultrasonic sonar. >> it's able to see things at a long distance and also able to see through fog and snow. it's able to read stop sign, distinguish pedestrians, look at traffic lights. >> reporter: while it's designed to assist drivers, it can't take over completely. >> it's not at the level where you could safely fall asleep and arrive at your destination. >> reporter: but it can reach speed up to 155 miles per hour. elon musk says the new model is like giving drivers their own personal roller coaster. the car can do zero to 60 in 3.2 seconds. >> you'll be able to choose three settings, normal, sport and insane. it will actually say insane. it's true. >> reporter: tesla is now offering four wheel drive as an option powered by dual motors. analysts say the new feature could help tesla sales in cold weather states and abroad. >> 80% of audis sold in the u.s. are

s out or the few current tesla?ll, luxury manufacturers have to deal with the value of the vehicles, and it will affect the new vehicle sales because if the are residuals is low, and the worth of the used vehicles is low, it will make leasing very much more expensive on the new vehicles they are trying to move out of the showrooms, and so it is important to deal with the used vehicles, and it looks like they have a plan to do so. >> jack nerad of kelly blue -- k kelley blue book. and so the stock goes in and they have delivered something that is they have been talking about. >> and that is the tape, and all of the anticipation, and a right for the sell the news event, and in a different tape, tesla would have been making new highs today with the announcement. >> and pete says trade with options, and that is the right way, but trading the long side, 225 is the pivot point and a close a week or two ago with trading below 240 and to the point, the tape is a lot higher. >> and no way to justify if valuation, and a guy f

it's true. >> reporter: tesla is offering four-wheel drive as an option.he new feature could help sales in cold water states and abroad. >> 80% of audis are all wheel drive and half of bmw and mercedes are. >> reporter: it will hit in december. cbs news, los angeles. >>> a breakthrough in diabetes treatment to end the need for syringes and pumps. >>> hillary clinton was hilarious. we remember former "snl" star january hook. aise her spirits. we tackled your shoulder pain. you make him rookie of the year. we took care of your cold symptoms. you take him on an adventure. tylenol® has been the number 1 doctor recommended brand of pain reliever for over 20 years. but for everything we do, we know you do so much more. tylenol®. but for everything we do, we know you do so much more. i to the acidity in any foods.ht never thought about the coffee i was drinking having acids. it never dawned on me that it could hurt your teeth. he told me to use pronamel. it's going to help protect the enamel in your teeth. it allows me to continue to drink my coffee, and it was a

. >>> tesla has unveiled it's next generation car, the tesla d. the d stands for dual motor. that means two engines, front and back. can you imagine how powerful that would be? it is also all-wheel drive, has auto pilot and ultrasonic hardware, what he calls the next step toward the complete self-driving car. >> this morning is the first time investors will have a chance to react to tesla's big announcement. for a look at that and the rest of today's business headlines, we turn to kate rogers live at cnbc headquarters. good morning, kate. >> good morning. futures are lower after the market got rocked yesterday over concerns about the global economic weakness, concerns about ebola and the dow suffered its worst point drop in more than a year. as for what may move trading today, look for data this morning on prices on imported goods the dow dropping 339 points, the nasdaq down 90. and google is thinking big. reports say the company will launch a new smartphone later this month. it's code named shamu and has a 5.6 inch screen. and amazon is reportedly planning to open its first

back to tesla. the stock is great.exciting things, he tweeted they're going to make a big announcement on october 9th. seems exciting. charles: exciting enough to buy the stock tomorrow in the audience wants to know should they buy it tomorrow? >> no, no, do not buy tesla tomorrow. the answer is elon musk, implied it is too expensive. and it's going to take billions and billions to take financing to get to where he equates to the valuation. charles: i'm out of stock, i'm holding my mobile i on a play on the tesla news. that will be a big part of the news. i love tesla and love to buy on dip around 220. let's check in with neil cavuto and see what he's got coming up tonight, neil? >> hey, charles, tonight on cavuto, officials are telling us to keep calm on ebola. when you hear my exchange with the head of the cdc, you might not be keeping so calm on ebola. charles, you are amazing at predicting stocks, wait until you hear what the amazing kreskin sees coming. he's here and only here magically at 8:00 p.m. on fbn. charle

it will be some sort of new tesla model. stay tuned. >> oh, how is that for a tease? >> all right. >>> 0 to 60 in two seconds? >> you are already there. >> know what i have in the weather office? heat. it will be hanging around a couple more days. hotter tomorrow. it was sure plenty hot near the water. san cruise, 94 at the beach in santa cruz. berkeley, upper 80s , hayward, upper 80s . bodega bay, you never hit 80, you did today. palo alto, dublin in the 70s after high ins the 80s and 90s but these will not be record highs. tall record highs from october 1 through the 17 are from the 90s and 100s . san francisco, i'm forecasting 80s which is certainly well above normal, but not record territory coming up tomorrow. warm night in san francisco. 63 oakland, san jose, 62. markedly cooler north and east. napa 56. concord, 57. it is all about the ridge of high pressure. it is now here, now that it is here, it will stick around until sunday when the sky moves. when it moves, it will sag to the south, not be as strong and the same ridge that gave us the offshore wind will gi

it will continue to buy power trains from tesla for its upcoming b-class tesla car due out later this the legislation supports franchise laws requiring automakers to sell vehicles through dealerships. gm supported the bill, but some auto parts companies say the ban could stop tesla from increasing its sales. michigan will be the fifth u.s. state to ban direct car sales. in all of them, tess sa operates what are called galleryies. they have galleries or showroom necessary 21 states. tesla shares in europe are up 21 % this morning. >>> ford is the latest company to drop pimco's total return from its environment plan. the move is expected on november 14th 1k39 company says it made the decision as a result of bill gross's departure from the investment fund. investors can transfer out of the total return fund at any time. and future 401(k) investments will be managed by blackrock through its bond index price. thank you very much. >>> here is a quick reminder of your headlines this morning. shares in yahoo! given a boost as the internet giant's third quarter revenue beats forecast. >>> repo

of, project cars that are really too big to go and so this was, a piece of cargo that came in for tesla recently on a ship in may, and so this production press, and they will be introducing in the coming months and i am sure that you will be reading about this, and actually the used piece of equipment, that they purchased from toyota and japan, they were also, expecting additional similar type of equipment from germany and italy. and we are working with tesla and a number of initiatives as well and they produce the cars, using aluminum coils, and actually stamp their auto parts right there, and their plants in freemont and so we are taublging about that and we are talking also about possibly exporting the finished product and the finished vehicles to asia and possibly also europe, and we are looking at bringing in the bulk product that will supply the batteries for the giga factory that they just announced that they will be building, outside of reno, nevada and we think that will be a great opportunity for the port and other items that we are looking at also include the products that co

charles payne, let me ask you, would you buy tesla ahead of announcement. >> i sold tesla two weeks agoi'm a buyer on any major dip. ultimately till be a 3, 4, $500 stock. i bought it last four or five years five or six times. i hope jonathan is right. i will be buying. >> if they introduce a lower priced car that will be a big deal. people want these electric cars but they can't afford them. maybe now they will be able to. >> i want to chime in to say -- >> that is the thing, charles, you're missing buying a stock, you're not buying a company. you're buying a valuation. tesla like cisco may succeed but valuation will be depressed -- melissa: another fantastic story out there. it is the world's first 3d printed car. lance got a chance to get behind the wheel! i'm so jealous. lance, what did you say, it was singularly awesome experience! tell us about it. >> it really was. actually, really is a printed electric car. chassis, fenders. the only things that aren't printed, motor, battery, wiring. melissa: that is a lot of stuff, lance. >> let me tell you something. standard car takes 5,000