arrival and tesla is not going anywhere or they will not never be mainstream and tesla could never befelt like on the market or people were saying now that apple is going to do it, everybody will want the apple electric car. you can't have both arguments. i do think they will become more popular and that is why apple is taking a look. >> let's say apple does come out with an actual car in 2019 and tesla has a couple of launched in between and they can grab more market share. what are you expecting and modeling in at this point and are you watching the competition, whether it be from apple or bmw or any other of the luxury automakers in terms of modeling for tesla? >> always all of the time looking at competition. and i want to point out that tesla competes with the gas internal combustion engines today. so they are a car company beating with other car companies and they are a software and a tabloid -- tablet company and that console is like a tablet. model x is coming out next week. the model three which is the mass affluence car at 35,000 to $40,000 will come out in 2017. so there is

tesla model x, the first ones have been delivered. now the challenge, ramping up production through the third quarter and into 2016. >> let's get out to greg erwin. we know the numbers for the model s. we know it's market share numbers. do you think it's easy to extrapolate that to the model x? is it wise to do that? >> you know i think over the course of the next several quarters it's quite likely that tesla had achieve a similar market share in the model x in the same category. the s, there's 300,000 vehicles in the sedan market they compete with. in the suv market it's a 70,000 unit market. so if they he translate that it means they're looking at something like 60,000 units as a run rate up from just the s today doing about 24 or 25 in the u. s. >> wouldn't be so bad. price tag is 142,000. do you think that was sensible pricing? >> that's the signature addition. that's the most heavily optioned vehicle you can possibly buy. this was something they did when they laufsh they launched the model s. they give the most exciting, most int

tesla's stock is very expensive. reminds me of amazon in 1998, when amazon came out in the dot com bubble, we knew the commerce world was revolutionary and amazon stock hit $113 in 1999. it took ten years to get back to the level. liz: hold on, let me then get to the stock. guys, how many times have we heard analysts say get out or hold it or it's a neutral or outright sell. over the past two years, it's up 31%, over three year, 754%, and then you see the five year. the five year, up 1,145%. so i look at that and say the analysts who told me not to buy it, they lost me money, sflos. >> right, we've owned it for three years and made the 500, 600% on it. we're still buying it today, i think you're going to make a few hundred percent over the next five years. if you think about investor in the future, tesla is the leader in what cars will be in the future. they are it. there is nobody close to them. apple and google are -- liz: let me argue with you on that. the porsche mission e. this is a concept car, but they say the

tesla takes new suv.o electric. >> we show that you can make a compelling sports car and could go electric. you could do it with saddan and we are going to show that you can do it with an suv. >> nicole: it looks great. the american designer who built a fashion empire is stepping down. we will look at who will replace ralph lauren as ceo of his company. we are down at 9% for the quarter, folks. today looking pretty good. s&p up 21. you are watching fbn a.m. first look at markets. ♪ ♪ ♪ >> okay, people, you know thee d drill. ♪ ♪ ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >> lauren: b

is it going to help tesla reach of selling 50,000 vehicles in 2015? , colin rush.ehicle,look at this what was the biggest surprise for you that you didn't expect? >> there wasn't much that we didn't expect. we were looking for extreme acceleration, the luxury and safety grading, which was already out there. what was surprising was the subtle details around convenience with the accessory hatch and some of the features on the inside, but they had talked to discard very aggressively into the launch, and i think they delivered well. -- your model for tesla is interesting going forward. your numbers seem lower than the street and revenue basis. you think tesla will hit its big recently-lowered number of 50,000 vehicles in this calendar year. >> i don't think there is any question around that. they had discounted their production ramp for the model x. cory: what did you say about the production ramp? >> they have discounted the production ramp on the model s going to these lines. that 50,000 vehicle number is very achievable, even with something going massively wrong. co

tonight the new teslas roll off the lot. i'm live at tesla headquarters. coming up why what goes on this evening is so important to the company's future. >> and "forbes" announces its latest rich of america's rich et people and a silicon valley giant breaking into the top ten for the very first time. plans to put the brakes on a law giving cyclists more legal leeway at intersections. ==vo== the law is what support >>>ies from so's mayor plans to put the brakes on a law gives riders more leeway. it allows cyclists to treat stop signs like yield signs and red lies like stoplights. legislation was introduced this month in response to the recent tug-of-war involving police and cyclists. mayor lee is already warning the board to expect a veto if approved. >>> flying from india to san francisco just became yearsier as promised by the prescription. air india announced today a new non-stop flight from sfo. new flight takes passengers from india to san francisco. check out the route. it will go over alaska and russia and it will be one of the world's longest non-st

that was the case of the tesla auto plant in fremont as tesla ceo elon musk unfailed its company's first all-electric luxury suv. one of the most interesting fee turg tours, the rear gull wing doors, the driver's doors opens once you approach, closes once you're settled inside. they hope the new model x will attract more women to its brand. the testimoniers better have a little money there. the fully loaded performance model is priced at $142,000. exact pricing of the base model hasn't been released, but expected to be around $93,000. last night tesla delivered its model x to the first six buyers who stepped up on stage and drove off in one is one of the most talked about suvs. >> i'm on my third tesla now. i had one when they first came out. it got one to myself and gave it to her when she sold her range rover and bought myself a new fast one. >> reporter: the model x goes on sale at the market for luxury suvs is booming. u.s. luxury suv sales were up 17% through august. that's five times better than the industry as a whole. reporting live in fremont, bob redell, "today in the bay." >>

i don't think tesla is dumb enough to put this on a big event.we want to see is them to build the 20,000 cars they say they have preorders for. cory: the forms online suggest there is more. matt: there were 20,000 earlier this year but we don't have a final number. cory: and importantly, there is a refundable deposit that went out before they knew how much the car would cost. what percentage of orders do you think it canceled because it was so expensive? matt: people put on deposits to wait that long -- i think very few will be canceled. i think some of them may be canceled because no one wants to wait for two years. we have to see how quickly they can ramp up production. 15%. cory: good stuff. betty liu will be there in california. she will take a test drive. we will get you all the highlights first thing tomorrow. check us out tomorrow when the tivo ceo comes. ♪ ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.

can tesla keep it up?n again. >> i think we need to ask him how are you going to keep your employees? it was elon musk who was poaching a lot of apple employees for his company and now apple may be luring some of the tesla employees away. i think elon musk would take this in surprise -- stride. there's been the volt, the leaf. again, those aren't as high-level, fancy pants cars, but bmw has one, porsche coming out with one. they have a concept car. i would say that everybody's jumping in right now. trish: yeah, everybody's getting in, but i just question, ashley, how sustainable they really are are. you've got to go plug the darn thing in every height, you've got to insure yourself that you're not going to go a certain amount of distance unless you get another way to plug it in. it's not exactly what you'd call convenient, but it is maybe a nice vanity-type vehicle. >> it is. and it's the apple brand. look, i think they're a little am by,. they want their shipment date to be 2019 on this. doesn't mean we'l

tesla competes with porsche right now, tesla competes with audi right now. and they are competing really well, but i do think that the other auto makers are seeing that there are certain advantages to driving electric, if you can harness those advantages you can make a great vehicle and that's what they're trying to do. we'll see if they can do that and if the warranty will be the same, but it will be interesting to see what they come out with, although we have to wait i think four more years to see it. >> let's add apple to this mix as well. we know they have been hiring people away from tesla, tesla has cried foul on that. they hired a former detroit executive to run this division. james, how realistic, what can we expect from apple in terms of a car of some kind? are they going to build a car or just make the software to own that car? >> it remains unclear, but we believe they are n fact, building a car right now and we would add the google hire yesterday of another key executive to the traditional auto background. we are more concerned quite frankly on t

tesla's moment of truth. the first delivery of the model x is happening tonight and phil le beau is on the scene with the details. >>> and google just announced something that could have other investors nervous. we'll tell what you that is later on. >>> but first tonight's largest story. the largest stock in the s&p rolling over hard. shares of apple dropping 3% and it is lower. now negative on the year. question, did the market just lose apple and what could that mean for the selloff? pete, what do you say? because it was a selloff in the whole session. >> right. and including the early part of the day, this stock was in positive territory. and then we start to sink toward noon and the selloff begins. and you wonder are these folks with profits in certain areas and taking some of the profits off the table because they are getting hurt in other areas. i really didn't see anything specific out there. yes, google has a competitor, a phone that undercut apple. apple still owns the smartphone market. android is t

breaking tesla news. the model three will star in two years. tesla's making an announcement modeltter about the third . they have the roadster, the model s was the first big model. the model excommunicate cia prices. you see the model three, the more affordable model will be out in two years. they will start production on the smaller lower cost. all this coming on twitter as we speak. emily: i'm looking at those tweets now. matt: i want to point out a star action i got involved in, i had the privilege of playing at a best buy store. he beat me by a law. emily: i am not surprised. we will be speaking with ludacris later. thank you for that update on tesla. i want to get back to our lead. breaking news out of twitter. pressure on the board mounting as the search for a permanent ceo ken 10 years. according to people familiar with the matter they are scheduled to meet tomorrow and discuss the results from the search so far. they have been under pressure to give us an update. here is what we have learned so fa

the bay's" bob redell joins us live from the tesla plant in fremont. no doubt hoping for a test drive. the first and only all-electric luxury suv on the market. >> sam and laura, you've seen these cars are very nice to look at. unless you have around $100,000 or more, that's probably all you'll be able to do. last night here at the tesla auto factory in fremont, ceo elon musk invited the first six buyers of his company's new model x on stage to take the keys and drive off in the company's first suv. the model x features rear gull wing doors that open upwards, reminds you of a del lorian back in the '80s, a driver door that opens once you approach the door, closes once you're inside, expected to be around 93,000 for the base model, 142,000 for the fully loaded model for the only all-electric suv on the market right now. >> it's incredibly important that we move to a sustainable world sooner rather than later. the sooner we do it, the better it is. >> reporter: the model x goes on sale as the market is booming. luxury suv sales were up 17% in august, fiv

. >>> and tesla showing off its new electric vehicle that's about to hit therroad. we'll tell you what makes this one different. >> they make ,0auties. >>> and power ball fever grips the area. 3900 million reasons to get innen to before the odds change mad not in you favor. switch now, new yo rk and get installed as early as today. mom switched. we switched. i switched to time warner cable and knew exactly when they were coming. thanks to their 1 hour appointment window. for $89.99 a month, you'll get 100 meg internet, hundreds of hd channels, and unlimited calling across the u.s, and 34 other countries around the world. a and for a limited time, you could get a $300 reward card plus tv equipment and epix included. call 1-800-341-9716. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, t t you may know it only covers about 80% t t of your part b me idical expenses. the rest is up to you. call

. >> tesla's newest invention unveiled tonight. the model x, the electric suv finally hitting the road. the carmaker turning the model's release noose an extraordinary party tonight. our business tech reporter scott budman is outside the tesla plant in fremont. some happy owners. it was pretty cool. >> they're very happy tonight. in fact, they're test driving cars tonight here in fremont with the first half dozen customers already on their way home in brand-new teslas. >> all right. >> only in the bay area would buying a car turn into a giant hi-tech pep rally. >> open these doors. >> the tesla model x complete with gull wing doors and a price tag rising into six figures was driven off stage by owners who treated themselves to a locally made suv heavy on technology while using no gas. >> i'm on my third tesla now. i had one when they first came out and got one for myself and gave it to her and bought myself a new fast one. >> fanfare aside, tesla hopes x marks the profitability spot. a way to justify its high stock valuation and pr

as i spade space-x, tesla. now you've got solar city and solar pack that people put in their houses. ( applause ) are you sincerely trying to save the world? >> well, i'm trying to do good things, yeah. i mean, saving the world is not-- i mean -- >> but you're trying to do good things and you're a billionaire. i mean. >> yeah. >> stephen: that seems a little bit like super hero or super villain. you have to choose one. >> i'm trying to do useful things. ( laughter ) i -- >> uh-huh. >> yeah. >> stephen: so let's talk about the tesla. i have a tesla. >> yeah. >> stephen: okay, and i love it. i love it. ( applause ) you got a new thing that you think is-- people are going to upon for their tesla. jim, can we show footage of this? i think it's called-- this thing is the power arm. that is an extremely-- >> it's a snake charger. >> stephen: it's a snake charger that automatically plugs into your car when you get home. >> this looks a little wrong. ( laughter ). >> stephen: that really looks like the thing that jacks

tesla delivered the all- -- will deliver the all electric vehicles tonight. they were promised delivery in 20134 but tesla's ceo says the complicated design of the doors caused delays. prizing for the model x is expected to begin around $80,000. the fully loaded series could go for $132,000. >>> stanford university says it's changing a proposed development plan for property it owns in menlo park. middle plaza is set for the former auto row. the new plan enlarges the size there's also retail and office space. the university will host bo community openhouses in november. >>> coffee lovers are enjoying discounts on this national coffee day. baristas at peet's coffee gave out hundreds of cups of coffee for free this morning out of a mobile coffee truck. coffee is an $18 billion industry here in the u.s. the average person in the u.s. spends more than $is,000 a year on coffee and we know what we like. >> it's the cop fort of getting in, having something nice and warm. >> it's the taste, i the -- i like the sugar taste. i get the iced. >> people coming to the peet'

just be careful shorting tesla.esla has a very -- guy runs that stock better than anybody, who also happens to run an auto company, musk. be careful of musk. he can run a stock better than anybody i've seen. he'll come out with somebody in the next two days. he'll say, you'll forget porsche. >> i know some guy who can't run a stockwell. jeff immelt. >> doing everything right. i tell you. that interview last week, brilliant. >> we got the headlines from ge. he made no secret of when he joined us on "squawk on the street" last week, week, you ha reauthorize the xm bank or you lose jobs. ge takeinging 500 jobs out of t country because of nonreauthorization. >> what about halliburton? >> that's thought to be problematic but we'll see. antitrust is a huge issue these days. >> maybe their acquisition in europe not as bad -- >> the concern is that they'll not -- even with the investors, they agreed to make a proactive move at the time the deal was announ announced, you can't create a viable competitor to who may buy them.

it could be big things for tesla.he action begins right now. >>> so here's the question every investor wants to know heading into next week's fed's meeting. >>> dan, you're looking at something counter intuitive. >> we can be counter intuitive. what the fed is going to do it has a lot of domestic implications. it has to be a monkey wrench that's the macro situation. i come back and look home. we talked about utilities on this guess being for the last year. i think we were all in agreement when the xlu was 30u7% late in the year that it was way over valued. it didn't make a lot of sense there. we were short of the utilities. i think the situation is a little bit different. it's about 17% off. 52 week highs here. i think the stocks that make up the xlu are much cheaper than they were a year ago and the yields are fatter. they don't have any exposure overseas. when you think about the yield they could be deemed to be predefensive no matter what the feds do. >> the utilities were out performers. they had a pretty good wee

they were at tesla's fremont assembly plant as they revealed their highly anticipated model suv just about two hours ago. >> the new car released is two years behind schedule, but tesla en enthusiasts say it is worth the wait. katie? >> fashionably late. the model x and the elanmusk. fans are unphased by the delay. many are lining up for a chance to test drive the model x which was unveiled in spectacular fashion. >> it wouldn't fly on a tesla. instead the model x's falcon wing sores. ultrasonic sensors detect obstacles so you don't hit the garage roof or the mini-van jammed next to you. if jammed by traffic they have automatic breaking and side collision steering earning five stars in every safety category. the front doors open as you approach. once inside they make it the next generation nuclear fallout shelter. tesla fans would love to drive one home. >> the no nose cones. >> it is something cool and i wasn't expecting. i like the performance of course. >> and of course it is an suv. they say the third row seat access and doors are inspired in part by his own struggle of getting h

what made this launch different was that tesla was targeting women. only 13% of model ss were purchased by women. so this time, they brought in a focus group to make it functional for women, specifically mothers. women were part of the inspiration for those falcon wing doors. >> that instead of having to leave your kid out in front and sort of put them basically into a small hole, you can actually just stand right here. you can step into the car if you want. and you can put your child down in the child seat. it makes a huge difference in terms of back strain and comfort. so, those are two functional reasons and it also looks cool. >> reporter: now women will be an all important part of tesla sales goals. 400,000 vehicles on the cars by 2020. women by 43% of the vehicles on the road. what about the bells and whistles? that bio defense system is a hepa filtration system to make sure the air you are breathing in the cabin is perfectly clean. the panoramic windshield goes from front all the way back. you can see just about everything in this car. and they

and tesla's new model x is here. the s-u-v's new features.and later in the broadcast are the giants still live for the playoff spot? will check in with the sports highlights later >> diane : and cooler temperatures for tomorrow, your seven day forecast is coming ouup ♪ ♪ ♪ the beautiful sound of customers making the most of their united flight. power, wi-fi, and streaming entertainment. that's... seize the journey friendly. ♪ >> catherine : the next generation of luxury s-u-v's is here. tesla unveiled its model x car tonight at its factory in fremont. kron 4's jeff bush was there for the big reveal. and explains the features of the new s-u-v. >> jeff :thousands were in attendance and the excitement was on par with any rock concert. elon musk took the stage and demonstrated the main features of the model x and they are unlike any car on the road today. the model x has a five point safety rating. that term illustates the numerous features that make up the ratingand, according to musk, the model x offers a vehicle that provides less than a ten p

back to you. >> that tesla looks hot. i might have to take a look at it.teve sedgwick live from london thank you. >>> still ahead, full highlights from nfl sunday. >>> plus a rare sight in the skies last night and not just the supermoon, the one you see here, you see the magic that happened when this beauty lipd up lined up with the sun and earth, those stories when "way too early" comes right back. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. is your head so congested it's ready to explode? you may be muddling through allergies. try zyrtec®-d to powerfully clear your blocked nose and relieve your other allergy symptoms. so, you can breathe easier all day. zyrtec®-d. at the pharmacy counter. can a business have a mind? a subconscious. a knack for predi

meanwhile, tesla is unveiling its new model x. did that last night in fremont, california, with a new feature. falcon wing like doors, which ceo elon musk demonstrated. >> we're going to open the doors. come on. come on. open. >> those rising doors are supposedly designed for tight spaces like a parking lot, as you can see there. they did receive a lot of cheers from the crowd. but will they generate cash? >> he thinks of everything, doesn't he? >> for his take, bob lutz, welcome back. >> welcome back, bob. >> good to be here. >> so you've not been the biggest fan of all these electric cars. what do you think of the model x now that we're seeing it? >> first of all, let me say i am a fan of electric cars. the problem with them is they have a hard time making money because of the cost of the battery and there are other limitations. first of all, i like elon musk. i think he's a terrific guy. i'm sure the car is nice. but in the world of automobiles, this isn't a big event. they've just announced $130,000 vehicle with some trick doo

bob redell live in front of the tesla plant.eople actually left that party in their new model x. >> reporter: with a little less cash in their wallet. the model xs are nice to look at. that's about all you'll be able to do unless you have around $90,000 to $100,000 to spend. last night ceo elon musk invited the first six buyers of his company's new model x on stage to take the keys and drive off in the company's first suv. the model x which is an all-electric vehicle features rear gull wing doors, a driver door that automatically opens as you approach the car, closes once you're inside and a hefty price tag, expected to be around $93,000 for the base, $142,000 for the fully loaded model, the only all-electric luxury suv on the market. >> it's important that we move to a sustainable world sooner rather than later. the sooner we do it, the better it is. >> reporter: the model x goes on sale as the market for luxury suvs is booming. u.s. luxury suv sales are up 17% through august, five times better than the industry as a whole. rep

going to a tesla event is a bizarre thing.ver seen so many people get excited and holler over a car seat. this is what we are talking about. it is a cool care. lon hopes have the drivers will be you and me. x is the building mass market. i drove the premium version. from 0-60 in 3.2 seconds. that car will set you back $142,000. he handed out six of those yesterday on stage. he went over the top design features you saw the falcon wing doors, 17 speakers. the panoramic windshield. you feel like you are driving in a convertible but you don't have to worry about the wind in your hair. some of the things he put in this car were not necessary. they were things he thought were amazing to put inside a vehicle. about 23,000 orders so far for the model x. he delivered the first six on stage to new owners. to beill continue shipping those out over the next several months. scarlet: i love the fact that you turn the volume to 11. if they are going to appeal to you and me, how safe is the vehicle? he said this vehicle is going to get a five

what about a tesla for the rest of us? the model 3 expected in 2017 and that's going to be about a $35,000 vehicle. >> interesting because $75,000 is a lot but right up there with the real high end suvs. and this one is all electric. >> that's a soccer mom car. three row z -- three rows, seven seats. >>> a new life for an old church. what's planned for this former house of worship turned roller rink. >> move over, san francisco. another red haut ot market is --red hot market is on the move. >> an east bay coach and student come to blows. >>> there are plans to turn an old church in san francisco in to apartments and retail. the catholic archdiocese closed sacred heart in 2004 because the building, built at the end of the 19th century, was too expensive to seismically retrofit. a contractor eventually bought it and now there's a proposal to turn it in to residential units and commercial spaces. for the last several years the building has hosted regular rolling skating nights called the church of eight wheels. >> this city i

they were at tesla's fremont assembly plant as they revealed their highly anticipated model suv just about two hours ago. >> the new car released is two years behind schedule, but tesla en enthusiasts say it is worth the wait. katie? >> fashionably late. the model x and the elanmusk. fans are unphased by the delay. many are lining up for a chance to test drive theodel x which was unveiled in spectacular fashion. >> it wouldn't fly on a tesla. instead the model x's falcon wing sores. ultrasonic sensors detect obstacles so you don't hit the garage roof or the mini-van jammed next to you. if jammed by traffic they have automatic breaking and side collision steering earning five stars in every safety category. the front doors open as you approach. once inside they make it the next generation nuclear fallout shelter. tesla fans would love to drive one home. >> the no nose cones. >> it is something cool and i wasn't expecting. i like the performance of course. >> and of course it is an suv. they say the third row seat access and doors are inspired in part by his own struggle of getting his

seven more companies including tesla, mercedes-benz and jaguar. the national highway traffic safety administration has written letters to those companies asking which models use those specific inflaters. already more than 23 million airbag inflaters have been recalled in the u.s. alone. the airbags have been linked to eight deaths and more than 100 injuries. >>> staying on the tesla theme. happening today tesla's latest vehicle rolls out of the factory. tesla set to deliver the first model x from its factory in fremont tonight. the all electric suv features, get this, falcon wing doors that open vertically, a favorite of scott mcgrew's. its battery is projected to last for 250 miles per charge. the model x is expected to sell for around $80,000. slightly more than the model s sedan. >> wonder what that is like if you park next to it. >>> new this morning, prestigious award if some bay area scientists the mcarthur foundation announced its fellows and they include four people with ties to the bay area. the fellows receive a $625,000 grant for their

one coming from tesla at $35,000. that model three is expected in 2018 but it is worth noting that the model x shown here tonight came out a little later than they had originally planned. >> so ken i know you said there was a long waiting list. if someone is watching tonight and saying, i would like one of those cars any idea how long the wait would be before they would get one? >> well, it's my understanding that the list right now if you were to buy one, one of these even early on the list it would be a year before it's delivered to you. >> so be patient. ken pritchett, outside of where they're building that suv. tesla model x is a launch of the of a plant that was questionable. close to 90,000 cars are expected to be built next year. >>> two men who were beaten in a bathroom at levi stadium are now suing the san francisco 49ers. the suit sails the team failed to provide security. the two cousins say they were beaten and seriously injured at a game last year. >>> amador riviero pled guilty and was sentenced to five

. >> a big night, tesla introduces its new model, the northern california couple first in line to buy the first suv and they started paying for it three years ago. plus -- >> a tense hearing on capitol hill, the back and forth between the president of planned parenthood and leaders. >> and cloud cover right now. you can see it getting in there with the sun getting lower. a beautiful sunset tonight but the clouds bring showers to the south of us. >>> in washington the house and senate are expected to pass a spending measure tomorrow that will keep the government running through december 11. this comes as there is heated debate over funding for planned parenthood. today the president of planned parenthood testified on capitol hill. joel waldman has the back and forth from washington. >> reporter: tension on capitol hill. the head of the house over sight committee accusing planned parenthood of misspending $40 million in federal funds from travel to parties and a manhattan office. >> what i don't like, what i don't want to become numb to is wasting taxpayer dollars. >> reporter: the gril

and did this guy just reveal something big about tesla?i try to do useful things. >> reporter: and it could mean big things for tesla. the action begins right now. >>> so here is the question every investor wants to know heading into next week's major earth-shattering fed meeting. where do you put your money? let's get in the money and find out. dan, you're looking at a counterintuitive trade. and i'm not exaggerating, it is a major fed meeting. >> it is major. we can be counterintuitive too. it has a lot of domestic implications but all of a sudden now there seems to be a bit of a monkey wrench that is the macro situation. to me i want to come back and look home. we've talked about utilities on this desk for the last year. i think we were all in agreement last year when the xlu, the utilities etf was up 30% late into the year, that it was way overvalued and didn't make a lot of sense there and we were short of the utilities. now i think the situation is a little different, 17% off the two-week highs here. i think the stocks that make up t

>>> the debut of the new model x from tesla. how will two more years of low gas prices affect the sale of the cars? >>> we can see some slick roadways in the not too distant future, details, coming up. >>> a couple books a vacation online, but winds up paying for it twice. i'm m >>> the sheriff is answering questions about a mysterious death at the santa clara county jail. the death is getting extra scrutiny because it follows a beating death of another inmate just weeks ago. david louie joins us live with the information. david? >> reporter: the sheriff as well as the under sheriff appeared in front of our cameras a few minutes ago. they couldn't tell us a great deal of information only because the jail has not received any information yet from the coroner regarding the cause of death. they're telling us the inmate was 33 years old, in jail for multiple counts of assault and battery. he was found dead in his cell yesterday morning. so the sheriff's office decided to be transparent and to at least update people on what they can

tesla needs this car for couple reasons.irst of all it has to expand the brand and not just one car company. there is competition along the way, with audi electric crossover next couple years. they need to get into people's garages before everybody has a chance to. everybody that buys model. accident, they're happy wit, based on experience model x owners have. they will look to buy one of the cheap teslas along the way next couple years. melissa: gas is cheap. is this good time to introduce new electric vehicle no. >> tesla is not affected by that. that is not why a tesla owner buys the car to save on gas. interesting we have barbell type stories. overhyped company and a company that can do no right. >> i don't think it works without 7500 per car subsidy that an electric car gets plus $2500 in california. melissa: these people don't care about the price of the car because they don't care about price of gas. these price of cars are really high. >> california resources board put a cap on amount of rebate that wealthy people ca

this big news out a tesla. oil prices. tesla. a big collector car.is a one-year chart of tesla. the stock is up a little bit today. if you compare that input the stock side-by-side, look at the difference in the stock charts. which stock would you rather own right now? overall, a stronger stock. tesla, three cars. spending $100,000 on three of them. do you want to own the stock? stuart: thank you very much, cheryl. here is what we have coming up for you. russia begins air strikes in syria. they are not targeting isis. anti-aside groups. senator pat tooley on that in just a moment. a big interview tomorrow. charles payne is talking to donald trump. varney will continue in a moment. ♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck. nicole: i am ♪ ♪ petallides with your fox business brief. the dow is up 242 points. stocks down roughly 9%. here are some of your dow leaders. intel update percent. shallow front and cisco among the other winners.

could g m'baye tesla? i'll just sit here. >> could tesla buy gm? >> that's a -- that's -- i was waiting for you to say that. >> it's always good to see you. >> when we come back this morning, a cnbc exclusive you do not want to miss. our sarah eisen sits down with imf managing director christine lagarde, and a new device from tivo says you can skip all the commercials with the press of a button, but is that time worth your money? walt mossburg will have his review. we're keeping an eye on the dow rally that continues to 200 points. s&p up 26. slightly off the highs. don't go away. this bale of hay cannot be controlled. when a wildfire raged through elkhorn ranch, the sudden loss of pasture became a serious problem for a family business. faced with horses that needed feeding and a texas drought that sent hay prices soaring, the owners had to act fast. thankfully, mary miller banks with chase for business. and with greater financial clarity and a relationship built for the unexpected, she could control her cash flow, and keep the ranch running. chase

that is something that tesla does not have access to.f apple did build a car, it would be as tied into all of our other apple devices as the iphone, and that would be a fundamental advantage. emily: speaking of iphone, we will give you our review of the iphone 6. thank you so much. great to have you. staying with apple, the official reviews are out today. while it does not look much different, a lot has changed on the inside. bloombergs sam grobart gives us his take. bloomberg's sam grove art gives us his take. >> should you buy one? yeah, probably. i still think the iphone is the best smartphone you can buy. android phones have made tremendous improvements, and apple has had missteps, but the way apple can develop the hardware and software together makes for the best user experience. these new models are typical of the two-your product cycle. a lot has changed inside. two-year product cycle. basically, if you press harder than normal, you can pull up shortcuts for different mobile apps, like right click on your mouse. first, 3-d touch d

at tesla headquarters in palo alto, california. it's 11:00 a.m. on wall street. squawk alley is live. ♪ >> kate mitchell's co-founder, fwraits to have her back. as always, john ford, and kayla. the markets having a spill in the early going, but managed to recover some of the early losses. all the major averages posted their worst day, of course, in over a month where heed. the nasdaq finishing down more than 3% in that session, and then there's this new video that investors carl icon in which she's warning about danger ahead. take a listen. >> low rates by almost definition building bubbles. building real estate bubbles, building bubbles in the art market. the fed balance sheet has mushroom from less than a trillion dollars to over $4.5 trillion which is a huge almost unbelievable move. all that money crowds out the little guy, the middle class investor has nowhere to go with their money but into the market or even more concerning -- we have cross currents here. we talked with you wu a lot about valuations over the past several months. icon comes along with this

the tesla's model, jo ling kent has the story. >> the tesla suv will be revealed in fremont, californiah the falcon doors, in a tweet saying it's finally here. the first all electric, all wheel drive model x is expect today start at $80,000 and go up to $132,000 for the signature series and reportedly have a 90 kilowatt battery, a range of 250 miles per change and seats for six to seven passengers. tesla is counting on the suv to do well and the stock price must aim between 50 and 55,000 vehicles this year. so far only sold about 21,000 according to reports. unofficial counts show the demand is very high for this suv, maria. maria: thanks. it looks beautiful, actually. tesla has a history with their new cars though. should we be worried in terms of issues. dagen: this is a six-figure automobile. i would argue anyone buying this suv probably has about three other cars in the garage. so, if this one doesn't-- if they have problems with it initially, it doesn't matter. this is like a, it's a luxury car and they buy it for luxury. and we have all been in one. maria: not the suv. dagen: been

>>> the debut of the new model x from tesla. how will two more years of low gas prices affect the sale of the cars? >>> we can see some slick roadways in the not too distant future, details, coming up. >>> a couple books a vacation online, but winds up paying for it twice. i'm [female announcer] for thousands of local foster children, extracurricular activities help provide a sense of identity and a path to success. joining the soccer team... getting help with math... going to prom. i want to learn to swim. it's hard to feel normal... ...when you can't do the normal things. [announceto help, sleep train is collecting donations for the extra activities that for most kids are a normal part of growing up. not everyone can be a foster parent... ...but anyone can help a foster child. my here at c.k. mondavi.on, the vice president of operations to make this fine wine it takes a lot of energy. pg&e is the energy expert. we reached out to pg&e to become more efficient. my job is basically to help them achieve their goals around sustaina

they're going to release the specs on the new tesla x. our business and tech reporter scott budman is at the conference and he'll have live reports at 6:00 and on nbc bay area news at 11:00. >> a swarm of honeybees took a police cruiser hostage today. check out the amount of bees surrounding this patrol car. thousands of them trapped an oklahoma sheriff's deputy inside his car on an oklahoma highway. a semi truck carrying the bees crashed on its side earlier in the afternoon, and all the honeybees were dumped along the interstate. motorists traveling down that interstate were driving into bees about a half mile away from that accident. experts say it could take hours before beekeepers are able to clear that area. >> oh, my gosh. >> a big job. >> i would want out. >> i would close all the vents, too. >> good thinking. >> i would be afraid. >> you know with the drought and the warmer temperatures, a lot of bees are trying to find anywhere to make a home, and i actually had that problem at my house where bees were going into an old mole hole

>> reporte >> and it could mean big things for tesla. action begins right now. >>> so, here is the question every investor wants to know heading into next week's major, earth shattering fed meeting. where do you put your money? dan, you're looking at a counterintuitive trade. this is a major fed meeting. >> it is a major fed. we can be counterintuitive, too. the fed has a lot of domestic implications. all of a sudden, a monkey wrench that is the macro situation. to me, i want to come back and look home. we talked about utilities on this desk for the next year. we were in agreement where the etf was up 30% late into the year and it was way overvalued and didn't make a lot of sense there and we were short of the utilities and now the situation is a little different. about 17% off the 52-week highs here. the stocks that make up were much cheaper than they were a year ago and the yields are much fatter and they don't have any exposure overseas. to me, right now, when you think about the yield that utilities offer, they could be predefensive