i personally am a tesla fan, but edison built a business. he was inventive himself, but he was ruthless in growing the business, and in fact, he attacked tesla for many years. elon musk does much of the same. he's innovative, but he is running a business. so, when you look at when he goes into states, like if he's going to decide to put a launch pad in arizona or build tesla in nevada where we are right now, the fact is he's going to shop. he's going to push them coming and he pushes them for tax rebates and everything he can, because that's the bottom line. that innovative, does that sound like a creative type that he is? i don't think it does, but it's interesting to look at someone i hold in high regard and look at the profit motive of how they are running the business and how that translates. he's not just inventing for america's greatness, he's inventing for his business and that's how he's running. >> or loss of profit motives being inoculated in the amazon search? >> yeah, i mean come amazon hq search is interesting to watch the states

i'm personally a tesla fan. edison built a business. he bought other people's patents. as invented himself. he was ruthless and growing that business. in fact, he he attacked tesla for many years. elon musk does much the same. he's innovative about running a business.when you look at when he goes into a state like if he's going to decide a launch pad in arizona. or build tesla's in nevada where we are right now. the fact is he's going to shop. he's going to push them and he pushes them for tax rebates. is that innovative? does that sound like the creative type he is? i don't think that it does but i think it's interesting to look at somebody that i hold in high regard and look at the profit motive of how the running their business and how that translates. that's not just inventing for america's greatness. he's inventing for his business that's how he's running. >> are lots of profit motives being inaugurated in the amazon hq to search? >> amazon hq two is interesting to watch the state scramble for it and watch some states opt out. to get on the hq2 search, companies are

if you're such a fan of tesla and boy wonder musk, why are you not a fan of facebook with boy wondererberg? >> i used to be a fan of zuckerberg. in fact i, you know, i've been in touch with him and sheryl sandberg and so on. the trouble is, i think he has lost his way. he is doing damage to the world now. facebook has sold its soul. it has been gathering data, unimaginable. they are obsessed with gathering information and selling it. they're not concerned enough about the protection of the consumers. it is money, money, money. i used to be a big fan of zuck. i exchanged many emails through him and executives trying to guide them through this thing. they keep making excuses and keep lying and we have this disaster that is happening. stuart: you used a expression that they keep lying. that is strong stuff. >> read the interview from the founder of instagram. one of the reasons he left the company made him lie to european regulators. they keep coming up with apologies and excuses, doing it again and again. the company is obsessed with gathering data. mark zuckerberg is becoming big brot

earnings that are coming out and at the top line revenue, it is impre impressive stuff >> rick is a tesla fan >> thanks. >> make sure you join us tomorrow, "squawk on the street" is next. ♪ good monday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jim cramer futures are capped by a ged number by friday the best day for china's stocks in three years as xi vows unwaivering support for the private sector china stock bounced, that rally at the open. dispute from china is far from over change at the top of the board of cbs the search is still of course for a permanent ceo at the company. >> the busiest week of earnings, is the picture strong or weak? we have a couple of different ways to look at those numbers. stocks on the rise around the globe fuelled by this rally in china and shanghai over night. oth offset the impact of u.s. tariffs. this typically don't happen when global markets are going up. >> it is very funny last night of the tragic lost of the eagles and i see china tapped in and futures are down huge. we have become, when italy is down and gree

. >>> big fans of tesla, the model 3 is now available. ceo elon musk made the announcement yesterday. it will be $4,000 than the standard version. the mid range battery can take you 20 milescharge. >>> apple gearing up to a big product announcementat the broo academy of music. it's expected they'll have new iv pro tablets. they revealed new iphones and the apple watch. >>> we have new information for the 49ers quarterback, jimmy grapalo, he appeared at 49ers headquarters. they spotted him coming out of the train being room. he hasn't spoken about his injury or playing just yet. they hope he can play in the off season programming. he's 7th among merchandise sales, behind stars like tom brady. >>> and the bong owes defense played its best game of the season on the third play of the game, scored a pick 6 and denver offense had creative moments as well. he threw for a touchdown pass, the cardinals turn over the ball 5 times as the broncos won 49-10. 4:18 is the time right now. lets check in with sal for friday morning traffic. sal? >> i like

earnings that are coming out and at the top line revenue, it is impre impressive stuff >> rick is a tesla fanstreet" is next. ♪ good monday morning, welcome to "squawk on the street," i am carl quintanilla with david faber and jim cramer futures are capped by a ged number by friday the best day for china's stocks in three years as xi vows

nothing has changed at all now, supporters of elon musk and tesla fans will come back and say, come on tweet all he was doing was poking fun at the s.e.c don't make a federal case out of it but i will tell you the critics will look at this and say i don't think they'll be able to rein this guy in. >> by the way, it is already a federal case >> good point. >> are we hearing anything about whether the company or the people around the company want to rein him in at this point i'd heard weeks and months ago during this period, but this is a whole different situation. >> yes, andrew they do. here's what they want. they love his vision they love his drive and they think he is the thomas edison of our times. that's the term you hear from people at the same point, a lot of them are like, why even say anything at all rein it in there's no reason for you to be on social media saying what you're saying. >> right the other point, by the way, to make is here he is effectively using twitter to demonstrate his hatred for the shorts. which is what that case was about. whether he was trying to manipula

possible outcome for elon musk considering the fact that what people were worried about with the tesla fanswere worried about about was that he would be barred from seiving as an officer on a publicly trade company. he was hit with a fine that was -- that was not even a rounding error to him that spend more than that on marijuana every year. but the fact that -- >> no, but fact is he really got off free and the problem with tesla is by march they have a billion dollars in convertible notes coming due the stock needs to move up over 350 dollars in r it to work for them. >> move to pay or that bond in cash. and they have that cash -- for last week immediately put him down price tag 2.58 where it is -- you know, not making money. there's still not making money. >> we have an analyst on the show this morning. hold on a second analyst sitting next to me who went to the factory of the production of the cars last week. and he saw they will roll off the line, one every 20 minutes. very positive interview from the gentleman who was the tesla analyst sorry shaw, go ahead. make quick point. >> well th

. >>> if you're a big fan of tesla, a new mid range model 3 is available. elon musk made the announcement. the cheaper model 3 costs $45,000, pam, before federal tax incentives, that's $4,000 cheaper than the standard version, the mid range battery can take had you 260 miles on a single charge compared to 310 miles in the longer rang version. >>> and apple is goring up for another big product announcement. apple sent out media invitations yesterday for an event at the brooklyn academy of music in new york, october 30th, a lot of people expect that apple will unveil new ipad pro tablets and make updates to the mac lineup. they unveiled iphones and a new apple watch. >>> and we have some news for the 49ers quarterback. it's been two months since he tore a ligament against the kansas city chiefs. he appeared at the 49ers quarte. he ducked back in when he saw the media. he does in the seem ready to talk about the injury or the season or the future yet. he can throw footballs at the off season training program. >>> the denver broncos are headed to colorado with

. >>> well, some big news the you are a fan of -- if you are a fan of tesla. mid-range version of the model 3 is now available. the ceo musk announced it yesterday. the cheaper model 3 costs $45,000 before federal tax incentives. that's about $4,000 cheaper than the standard version. the mid-range battery can take you 260 miles on the single charge. that compares to 310 miles in the longer range version. . >>> a manhunt is underway in oakland. police have blocked off several roads through the foothill boulevard as wanted suspect. more details coming up. >>> a new report details contamination concerns at hunters point in san francisco. the risk residents there say they are taking by living navy >>> plus, a deadly overnight crash in the north bay. look at the pictures. the investigation underway now after a violent collision that split that car in half. >>> good morning and happy friday, it's october 19th. i'm gasia mikaelian. >> and it's friday gasia. >> it the. >> good morning, i'm dave clark. we're also checking on your weather. it's been a little cool this m

tesla. a lot of elon fans like he is a real person -- like that he is a real person at a human being and probablyuy, too. some of that criticism is , but we lived fair in a different world today. when you look at how the president acts, and as the president of our nation, elon's behavior seems quite normal. emily: to be fair, we are not comparing his behavior to anyone you just mentioned. i'm asking about potentially defrauding investors. he gerber: i don't think defrauded investors. the sec documents convey he deal.t he had a it was a mistake, and i'm not trying to minimize that, but this once again is far from the type of corporate scandals we see at facebook, for example. it's nothing. side, itom the saudi certainly seems not clear that there was ever a deal in place -- mr. gerber: yeah, but they are buying everything. are buying everything they can, and now we understand why. emily: thank you. appreciate you sharing your views. thank you both for joining us. i'm sure elon will give us plenty to talk about in the weeks and months to come. u.s.g up, a selloff in stocks. disappointing earnings f

microsoft, visa and of course, tesla which is a fan favorite as well.ou, i know we've got a lot of stock news because the markets are down, charles, but we are also getting in breaking news at this moment that is related to those bomb attacks. stocks are still taking on water as we head into the final hour of trade. green arrows at the open quickly turned red. deep losses across the board, particularly from the nasdaq to the russell to the transports. the federal reserve is not helping the picture which was already darkening after wages and prices failed to take off in the most recent months. this as the big apple finds itself not just at the epicenter of the financial world, but the center of major global headlines. the sell-off began as news broke that

tesla. a lot of elon fans actually like that he's a real person and a human being, and probably a fun guy, too of that criticism is reasonable and fair, but we live in a different world today. when you look at how the president of the united states and how he acts, and that is the president of our nation elon's , behavior seems quite normal. emily: to be clear, we are not comparing his behavior to any of the people you just mentioned. i am talking about defrauding investors are potentially defrauding investors. mr. gerber: i don't think he was defrauding investors. he had a deal with saudi arabia. the sec documents clearly say he perceived he had a deal. the fact that he tweeted those two words, even that he was considering taking tesla private, if he did not say funding secure, we would not be here. it was a mistake, and i am not trying to minimize that, but this once again is far from the type of corporate scandals we see at facebook, for example. it's nothing. emily: right. and from the saudi side, it certainly seems not clear that there was ever a deal in place -- mr. gerber: yeah, but the

microsoft, visa and of course, tesla which is a fan favorite as well. liz: i'm telling you, i know we've got a lot of stock news because the markets are down, charles, but we are also getting in breaking news at this moment that is related to those bomb attacks. stocks are still taking on water as we head into the final hour of trade. green arrows at the open quickly turned red. deep losses across the board, particularly from the nasdaq to the russell to the transports. the federal reserve is not helping the picture which was already darkening after wages and prices failed to take off in the most recent months. this as the big apple finds itself not just at the epicenter of the financial world, but the center of major global headlines. the sell-off began as news broke that multiple top democratic leaders along with cnn all received pipe bombs or suspicious packages. the evacuation order over at cnn's new york headquarters and the surrounding two-block radius has now been lifted at this hour but it was a very tense scene when that explosive device which

. >>> big news for fans of tesla. a mid range version of the 3 is available.e yesterday. the less expensive models cost $45,000 before federal tax incentives. about $4000 less than the standard version. the mid range battery can take you 260 miles on a single charge . compared to 310 miles. >>> after back-to-back years with wildfires in wine country you may wonder how smoke could impact your next class. turns out one want to know the next thing. there stuttering the studying at uc -- they are studying at uc davis. they know griefs are most honorable to smoke taste during a critical age of ripening. researchers are working to find out what can be done to salvage the flavor when that happens. >>> student at san francisco's state university will soon be able to get a free share membership. low income students are offered free bike rentals through a partnership with the city. according to the san francisco examiner the city will pay for the first two years of the program. after that lyft, which owns the bikes will pay for the service. the examiner says $56,000 has

same question to you, shah it is at 280 tesla 280 would you buy it at that point? >> no never been a fansla shorted over year and i've made money, lost money but at this point i'm not a buyer i think too many problems. litigation ahead for -- both elon monk and tesla. and i think that's going to keep stock pretty much a lid on for some time to come. and if they blow the number next quarter that might change my opinion but right now i wouldn't tough it. >> three minutes into trading session after yesterday's big rally, is the market as of now we're down not the that much. down 125 points about a half percentage point loss. the individual stocks making news and moving -- higher profit of the rv maker that would be winnebago i believe that stock is up this morning. yes it is. wow, significantly higher. 16% gain for winnebago where's are the price of oil this morning it has been arranged 72 a barrel. 7114 this morning. how about gas prices? actually slipping a bit now at 2.387 per gallon of gasoline. facebook facing a lawsuit from advertisers who say it failed to disclose an error with a key

tesla. he is a fan of what elon musk is doing, he didn't say it in that way. >> the autonomous thing is thetime in the back of cars buying product in the back of cars with cargo and it will change the way the commute takes place in the country. >> i love it. from the government down we need to listen to this man because obviously he has it. unbelievable to think about oracle being the ones who are over the cloud for amazon and these other companies, they all flow through him. he's the godfather. dagen: he was taking shots. we stay with us. ♪ so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $339 a month for 36 months. experience amazing, at your lexus dealer. dagen: george harrison. let's get final thoughts from our all-star panel. >> too much political divide. stop allowing emotions to control our reason. it is not trump's all the caravan is moving from the country they're coming from, not trump's fault the bombs ar

analyst meeting with larry ellison, vocally and clearly makes it obvious that he's a big fan of elon musk and teslae in terms of meeting the sec deadline to name its dependent directors and chairman >> yeah. >> could larry ellison be a candidate? that would be an interesting kind of pick >> true. that would be interesting pick if he wanted to take that position remember it is not just for the chairman's position which is required to be an independent director but there is going to be two more board positions that's going to be opened. theoretically, they can look to him hey why don't you come on board, you are a big believer to us >> phil, what do you think of the cap? these numbers that came out were extraordinary. is that off the table now? is that what the stocks have been rallying for? >> it is one reason why the stock is rallying and people truly buy into what elon musk is saying in terms of on the conference call. we are not going to raise capital in the fourth quarter or need to raise capital at all next year. everyone though th even though they have a big debt payment coming through, everyo

tesla existing without elon musk. a lot of the reason customers are buying the cars or fans of the company, has to do with his colorful- this colorful guy. it is hard to say the sec has to step down as ceo because that would probably hurt the value of the stock and hurt investors. on the other hand, when you have a situation where somebody is not listening to the thrust of what board members or regulators are saying, it is hard to know where you go. emily: a federal judge still has to decide whether the penalties agreed to our fair. what do you imagine -- are fair. is happeningmagine with regulators knowing the swiftness they moved to open this investigation in the first place? max: an article my colleagues published earlier today said you can imagine the sec reading the right back to his lawyer saying we really mean it that you have to not call us the short seller enrichment commission. beyond that, i'm not sure. i guess you can imagine the sec bringing a lawsuit again and trying to get a deeper penalty, but who knows. hopefully, from the point of view of investors, elon musk will stay off of twitter. we saw some of

nothing new with people shorting tesla, but the founder of this fund is the same person who -- at itset against peak in 2015. >> if you are a fanxt links, a duck -- of netflix, a documentary series called "dirty aney," he was kind of starring role opposite bill ackman. ackman was long valiant. company wasinst the .ery profitable for her she is taking a short position in tesla, a small position. she doesn't categorize it as a high confidence short. she still is critical of the company and its balance sheet. she talked about the amount payable, which is more than the balancef cash on the sheet. this is a company that is having trouble paying its bills, essentially. it doesn't help matters that they had that settlement with the fcc which is not finalized, by the way. of famous short has opined on that recently, with david einhorn at greenlight capital. is theory is that elon musk trying to get himself fired. he has already agreed to step down as chairman. of course, he may have bungled his settlement by calling the sec the "short-sellers enrichment commission." he certainly, after that settlement, has shown his frustration on twit

fans aren't working. right now it's not clear what caused this outage but the university has set up a command post right there on campus. >>> tesla posted some big earnings today, and its shares exploded more than 12% in response. it happened after elon musk released the company's third quarter earnings. the earnings report not only showed that tesla is starting to turn a profit. it also showed the company made more money than wall street expected. and sales on the model 3 were higher than predicted. >>> okay. robert redford is selling his home in the wine country. it's ten acres just outside of shaenl san helena. selling for a cool $7.5 million. if we're looking for a little slice of hollywood we can get bob redford's house. >> that mega millions ticket wasn't sold here, though. keep on dreaming. >> i just need help with the down payment. >> we're going to have to bring in a few more people. >> live look outside right now. take a look out your window tonight, it's really nice. mostly clear skies. in san jose 68 degrees. notice it's going to be another chilly night. grab the blanket. we'll be down in the 50s at 11:00. i'll talk m

fans we still see a pathway to $3,000 a share in amazon the next two years. >> got it. thank you so much for your perspective. appreciate it. >>> and we are talking teslah former nasdaq ceo in a few minutes. "squawk alley" back after a quick break. >>> i am scott walker. we are following the dow's record run today and do you own shares of general electric or thinking of buying we debate where that stock goes from here, analysts are making surprising calls >>> oil's big moves means a name is about to surge, that's what someone on wall street thinks. our call of the day. time to hold traders feet to the fire, picks that hit, those that missed we have that quarterly report at noon see you in less than 15. >> looking forward to it. >>> still on "squawk alley," bob greifeld with his take on the elon musk settlement and tune in for power lunch when howard marks joins that program at 1:00 p.m. eastern >>> still up, more "squawk alley" ahead >>> i believe that investors would benefit if there were best communications, couple weeks ago there were none, stock was up 12% in a week. i think the sec will benefit from the settlement also, not just for tesla sharehol

tesla, some things don't change. we still fixated on the number and them having enough cash to meet responsibilities. over the weekend you had customers volunteering at stores to help deliver the cars. there are super fanshe craziness of the company. >> that does it for the closing bell and for me. romaine bostick will be stepping in. this is bloomberg. ♪ caroline: live from bloomberg's headquarters on caroline hyde. romaine: hamerman bostick. caroline: -- romaine: i am romaine bostick. done.ne: the deal is ceo.s what new ceo has the market expecting to bounce. the nafta rebound3. wide president trump's new trade agreement is no economic revolution. lagarde speaks with us about trade, trump, and much more. >> general electric shook up naming itss morning new ceo and moving out john flannery after two years. we want to talk about what this means going forward. we have justin bergner. he was only there about 14 months. and this new ceo coming in, with some of the changes flannery put in place, is this going to be a change in the complete direction, or just a change of the figurehead? >> that is a great question. my view is the strategy will not change much under larry coker'-- larry culp's leadership. tak

tesla's stock on the next pop yesterday after a short seller in true love says he the stock is going to rise. he thinks it's going to go down. now she's a fane founder of state-run research and he joins us now. andrew, very good to see you welcome back. tommy why you changed your mind. >> i just thought it was very dangerous going into this quarter. musk moved up his earnings call this week for next week. the same day ford was doing their earnings. the model three became a big hit and it just seems right now if that interest is a very short and must have a lot of interest in making the stock higher to around 359, march so debentures become security. it was a very dangerous short. if you take the crazy antics of musk and put it aside from in the business is doing quite well. stuart: that's what i was getting out. you believe the basic business of tesla is going to be okay. absinthe must do whatever he's doing, the business of health is okay. that is what changed. speed how about this if it's not going to be okay at would've been against the guy right now. probably abettors shape right now for the past few years because of the success of the