emily: tesla names a new cfo. higher after hours despite weaker than estimated third quarter results. i'm emily chang and this is "bloomberg west." etsy reports of mixed quarter with some warning signs ahead. a multibillion-dollar buyout. twitter hearts changed but existing users, not so much. we talked to a former board member about jack dorsey's latest move. first let's get caught up with our bloomberg first work news. u.s. stocks extended a rally today with the s&p 500 hitting a three month high. chevron gained as crude oil climbed to a three week high. the energy group has rebounded 22% from an august low. visa and apple helped send the nasdaq 100 to an all-time record, topping its previous record from march 2000 during the dot-com bubble. volkswagen said approach indicates an additional 800,000 cars showed your regular emissions output. the german carmaker said the economic risk amounts to -- volkswagen may be liable for fines of as high as 18 million dollars and faces further cost from lawsuits in the u.s. a

. ♪ emily: tesla names a new cfo.after hours despite weaker than estimated third quarter results. i'm emily chang and this is "bloomberg west." etsy reports of mixed quarter with some warning signs ahead. a multibillion-dollar buyout. twitter hearts changed but is

emily: tesla names a new cfo.r hours despite weaker than estimated hard quarter results. -- third-quarter results. i'm emily chang and this is "bloomberg west." reports of mixed quarter with some warning signs a hand -- ahead. a multibillion-dollar buyout. twitter hearts changed but existing users, not so much. we talked to a former board member about jack dorsey's latest move. first let's get caught up with our bloomberg first work news. u.s. stocks extended a rally today with the s&p 500 hitting a three month high. gained asd son mobile crude oil climbed to a three week high. the energy group has rebounded 22% from an august lo

tesla is also naming a new cfo. the former google finance executive jason wheeler is stepping in. jumping some 9% in after hours. also trades in germany as well. so we're up close to similar levels, up from close to 7%. staying with transport and autos, volkswagen and porsche shares are back into the red today. being heavily sold down. for the first time, now petrol cars have been dragged into the scandal. announcing 800,000 vehicles have been effected by another problem involving carbon dioxide emissions this time. and this could lead up to a 2 billion euro charge for volkswagen. the issue is another headache of course for volkswagen. it adds to the on going defeat device investigation which involves up to 11 million vehicles. it was made by an internal probe. it doesn't specify which models. now separately, vw recalling certain cars in the u.s. and canada now according to a reuters report citing an internal memo. the issue could reduce engine and brake power with the car maker telling dealers not to sell any more vehicles currently in inventory. let's talk through the vw issues.

tesla, compared to the other great names, is struggling. and in that sense the immediate path is in your direction. >> i think the fact that the stock fills in that entire earnings gap in the last couple weeks tells that you lower lows are coming. this is not a long term bearish bet. i would love to buy it on a down draft closer to 115. that's my trade next year at some point if i get the direction i want at some point i want to turn. >> abercrombie was down 25%. ross and gap and t.j. max getting in on the option. there may be hope for the sector. morgan brenner has more. morgan? >> me list yashgs that's right. there's been a lot of focus on retail. the retail etf, seeing the best week since january after that big selloff last week. let's dig a little deeper and see what is working in the space overall. the s & p retailing industry group up is 30% over the past 12 months. it trounced the broader s & p during the same time. but here's where it gets interesting. the chief market strategist at jones trading points out that four stocks have acc

we'll give you the name and how to profit. >>> plus -- talk about a shocker. teslas falling after the company announced a big recall. but that could make for a great trade. we'll explain. >>> and -- >> you lock it up. >> that is what investors want to do with profits in their portfolio and we'll show you how for under

launching the model x in september however investors are cheering tesla's ramp up of production following the strong roll out. they're also naming a new ceo. jason wheeler will be stepping up to the plate. tesla jumping 9% after hours and over in frankfurt we're also up by similar gains as well. staying with earnings, marks and spencer is trading higher after upgrading the full year gross margins and also raising it's dividend by 6.3% and this is by posting a 24% drop when it comes to first half profits citing a challenging market both domestically and abroad. >> we also have glencore coming out with results. it struck a bullish tone in the latest trading update says it's debt reduction plans are on schedule. the mining and trading giant cut it's guidance for the full year to scale back on its costs. it will also bank $900 million on a deal selling around a third of its mines silver output to silver wheaton minerals. joining us now, a man that says maybe glencore isn't going into extinction. good to have you. what did you make of this trading update? it's trying to cut down debt but still looking at 25 billion dollars in 2016. >

name. >> coming up at 4:00 a major recall from tesla, the entire fleet of model s sedans and what you need. >> a red panda escapes from a northern california zoo and officials are worried she may never be found again. that is on abc at 5:00. >> new this morning popular stores at walnut creek shopping center are open for business finally after months of construction. the broadway plaza has been undergoing a two-year renovations and shops lined up hoping to walk away with a free different card from macy. people did not mind the hard hats and one shop are said that all of the construction has been worth the wait. >> it will be worth it. i am looking forward to seeing the new stores. and what is going on here. >> i came out today because there is a gift card from macy's $10 and i am getting one for my daughter who is working. >> the renovation is add 315,000 square feet of space and parking. >> the most adorable holiday traditions is underway today in san francisco. here is a hint: at macy's puppies and cut ins at the holiday window display from the san francisco spca which is an abc news perf

name and how to profit. >>> plus -- talk about a shocker. tesla shares falling after the company announced a big recall.could make for a great trade. we'll explain. >>> and -- >> you lock it up. >> that is what investors want to do with profits in their portfolio and we'll show you how for under $5. the action begins right now.

name and how to profit. >>> plus -- talk about a shocker. tesla shares falling after the company announced a big recall.ut that could make for a great trade. we'll explain. >>> and -- >> you lock it up. >> that is what investors want to do with profits in their portfolio and we'll show you how for under $5. the action begins right now. >>> let's get right to it. tesla investors getting a shock. shares falling 3% after the carmaker announce the recall of every model s. it has ever sold. so what does this mean for the stock. let's get into the money and find out. and this is a voluntary recall and it may not cost that much in the end. >> it may not cost. and what location they bring in to bring the cars in. it was one faulty seat belt. so i think the 3% decline at one point was a massive over reaction here. but this is a company that is -- has not produced a whole heck of a lot of cars so far. they have guided to 50,000 next year. and these will become more common as they produce more cars. right now, not a big deal. >> and $90,000, and that is $90 million. i don't think that is troubling. what is more tr

tesla the landscape? is it just another name in a competitive industry? jonathan: it is a good question.are trying to get the benefit of economies of scale given their need for lithium-ion batteries and then trying experiments on using storage on a residential basis. alix: m&a, on the alternative energies base, counts have been down around 79 deals so far. jonathan: i could not speculate on m&a deal volume. in thethe global leader energy space, it is clear from what we say in public that we are very busy. most industries continue to consolidate. about the link to andprice, wti falling below oil prices continue to dissent. does that make the onus on alternative energy come down a little bit? jonathan: oil is used for transportation uses for the most part and natural gas is used to generate power for the power grid. the united states is not usual because we have unusually low gas prices and great natural renewable resources. wherearts of the world you have good renewables, energy is much more expensive and it increases the relative attractiveness of renewables. thank you so much for joinin

now to the lead, tesla shares rising in extended trading as the electric carmaker narrowed its forecast for for your cell's volume and named a new cfo. jason moore takes the job after 13 years at google where he was most recently vp of finance. tesla reported $1.2 billion in sales, 32% increase, but saw a 32 many dollar loss. the company will need to deliver 16,820 cars this quarter to reach the low end of its full-year target of 50,000. ceo elon musk had some big news, a more affordable model three. he said we will see it in early 2016. with me to discuss is the author of the book, elon musk. also our editor at large, cory johnson. what is standing out to you? obviously it is significant that they are saying yes, we can deliver those 50,000 cars this year. big drop-offot a in the sedan sales. it's been on the market for three years. i think everybody has been looking to see if the car is going to saturate the market. there are only so many wealthy people who can afford this ring. ir that number to stay that i think would be what is pleasing investors. corey: it's an interesting quarter for tesla. it would it one point be

names but all made by mvp group. you can visit their website to request a refund. >>> the car maker tesla will once again try to open showrooms in connecticut. the car maker said it will try to be allowed to open three stores and sell cars directly to consumers. the senate failed to take up the bill. tesla estimates that each of its proposed showrooms could create as many as 25 jobs and generate $71.5 million in sales tax. >>> new questions about coca-cola coca-cola's role in shaping an anti-obese ity group it formed. information obtained by the associated press said coca-cola helped pick the mission leader and provide information for the website. coke said it plans to return most of the money. the ceo said it became clear to us that there was not a sufficient level of transparency. >>> the holiday is almost upon us. you see the bell ringers out, you see the lights. what do you get for your little ones and family and friends? >> we have the annual toya wards. >> these are not just for toys, i like them, too. they began back if february at the annual toy fair. after making sure those toys meet federal safety requirem

now we look at individual names are rocking and rolling here. the behavior of tesla'stock at this hour is an epic indication that investors are still believers in the "iron man" of silicon valley, elon musk. look at it right now. up 10 and 3/4%. it missed estimates but electric cars are selling better than ever perking up investor ears to musks prediction for the future. here is his prediction, quote, any cars being made don't have full autonomy, not just, cruise control, but full autonomy will be like owning a horse. you're really owning it just for sentimental reasons. all right, all you equestrians calm down. you know what he meant. he said that the future is not far off and he may be right. traditional automakers have their own problems. vw's widening emission scandal, another 800,000 cars swept up in the nightmare. honda cutting ties with deadly airbag maker takata. gm with lawsuits over ignition scandal. tesla is one of the bright sides. auto sales on track for a record year, 18 million, possibly sold. and it is old school companies leading the way. who will win

the four names that could be set for a retail rally. >>> and tesla call is just getting started. we'll hear from elon musk on the quarter coming up. >>> but first let's start off with the deal on the street. activision snapping up candy crush maker king digital for $6 billion. both of the stocks rallying but king digital trading well below the ipo price of $22. and tom has his own offering. tom. >> here is my offering on the initial public offering side of the story here. if you take a look at the ipo market since the beginning of 2014, kathy smith at renaissance capital, they manage a fund. they put together some numbers. since that time period, 90 ipos have raised at least $250 million apiece. among the ipos, more than half, 56%, are now trading at or below their initial public offering price. that is an important distinction there. over half are now at or below the offering price. here is the interesting part. if you go to 2015 alone, check out some of these stocks. bojangles, party city, box, are some of the four high-profile. bojangles, restaurant chain, down 9%. box, cloud

tesla, mobileye, fitbit, these are all big retail names.ou'll see, you go to jim cramer on twitter, if you can stand the guy who hacked me recommending penny stocks, you will find mobileye is a company people want to hear good things about. they came out with 15 cents versus 30. let's put it this way. there will be institutions that will say it's not good enough. individual investors say it doesn't matter. it does collision avoidance, when you pick up a new car it's filled with mobileye. i like -- these are victor kaim stocks. i like the collision avoidance so much i bought the stock. that's not been a fruitful way to invest. ask the people who bought gopro. i think mobileye is fine, not great. you needed a big blowout. >> justify the multiple? we're talking about a high multiple high growth stock. >> you, you. you got it. when you look at the auto sales would have thought they would have done better. i will be tarred and feathered for saying they should have done better. but these high multiple stocks, you know they have to take your breat

names, the more they run. i think you get side tracks with tesla though. >> and what are the ceos that should have been. >> ohhh. >> all right. >> real quick, though. >> i'm going to say schultz and bezos. those two guys are magnificent in two completely different businesses. but what we've seen out of starbucks since the beginning and the return and what we continue to watch, each and every week in the way this stock trades, and you look at bezos and we talked about amazon, but it is miraculous. and the spending and when he pulls back to show you how much money they are making and they continue to put money back into the company, these two guys are doing an incredible job. >> what do you want to say? you didn't want to answer my question. >> i was going to say john malone. and i recall this year he joined the board of -- lyons gate. you see that. you see the reaction yesterday. a lot of people getting involved in lyons gate yesterday off the earnings release. >> that was like a lead. >> it was a pause and then -- you know what recourse is. >> no. >> it is unfortunate. >> and college football game day. you go t

we have cbs, tesla, etsy, zillow, those are just some of the names. there are many others on there as well that will be reporting after the bell tonight. we will bring you the numbers the second they are released with our instant analysis. >> first, though, up next, glaxosmithkline ceo speaks with us in a first on cnbc interview. find out which drugs in their pipeline he thinks have the biggest blockbuster potential when we come back. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. i'm a senior field technician for pg&e here in san jose. pg&e is using new technology to improve our system, replacing pipelines throughout the city of san jose, to provide safe and reliable services. raising a family here in the city of san jose has been a wonderful experience. my oldest son now works

names. look at go pro. down again this morning. $19 a share. tesla is down as well. 1%.than that earlier. tyson foods. strong demand for chicken products. 8%. that is a big game. another from the fox news poll. terror rising to the top of the list. that is up from 11% in august. the economy is now second to terror. 24% say terror is the most important. steve moore is with us. you have to be disappointed. to you and i, it is all about prosperity. all about economic policy. we have been waylaid either terror threat. >> this cannot be good for our business. it is interesting. i was looking at the polls for virtually the last 10 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 o

. >> we'll continue this conversation and go over a couple of names and making your case again where it stands on teslaso we'll have a lot more with ron in the next two hours. but in the meantime, back to michelle. >> going to be great. terrific. >> breaking news on the square ipo, plus there's no place like home but does your town make the cut on a new list of america's top 50 places to live? so those two stories next. plus synchronize your watches. we're counting down to the big 8:30 a.m. jobs report. it's going to be huge. we'll talk expectations and the high stakes for the fed and the markets straight ahead. first as we head to break here's a look back at this date in history. ♪ "the year of spieth comes to a close... tour championship winner...and he does indeed take it all." >>> breaking news from square. >> i like to be here in person to read the break news. we are getting some new details about the expecd ipo from square. it's happening in a couple of weeks. the road show will kick off on monday and expected price range is $11 to $13 per share. at the mid-point of that range or at the high end

especially true of tesla pictures are up significantly after credit suisse is that sank in early january former portuguese short-term concerns that have been plaguing the stock, namely quarter volume concerns and model x production ramp, whether or not it will meet expectations. and analyst believes that the report will positively address both and he sees the company reaching 17,000 units in the fourth quarter and that the economy could earn four dollars in earnings per share in 2016, and that the free cash flow could be better than expected. stock is up about 4% at this time. another stock trading , this stocky higher is up amid much positive commentary out there, especially after the governing put up a much better than expected order last week, raised its quarterly dividend by 13%. today the highlight is on an instant cold beverage maker and its launch in september and out in canada now, one positive year is the cold beverage market is five times larger than the hot market. it is a tough year for this stock. it is something that is left shares trading at a significant discount and do something that would attract new investors to this name. erik? erik: thank you. a

on "fast money" at 5:00 we will be breaking down tesla's earnings report and be on the conference call as well. >> thank you very much. the biggest namesbusiness and technology are gathered right now at new york at the deal book conference which is where we find our own kayla tausche who is speak so long to some of those big names. welcome. >> thank you, brian. well, our andrew ross sorkin just got the stage with peter teal and chris sacca whose investments in facebook and switer respectively have become the stuff of legend. both of them recalled times growing pains for each company, decisions at an early stage whether to sell facebook to yahoo, at which time for facebook of course the rest is history now. we know that each of those companies has gotten incredibly valuable, valuations have gone up. so does teal think that where we are now in the state of tech valuations indicates a bubble? here is what he said. >> valuations are high. i don't think -- i don't think we're anywhere near the 99/2000 levels and i think that if there's a bubble today it's certainly not centered on tech. i think for there to be a real bubble you have to get

-- named ceo and chairman of calo bios, several cancer drugs in development but recently announced lay offs of more than half its employees. >>> still ahead at 4:00, a major recall just out from tesla. the problem behind the recall as more than 90,000 cars. >>> and the holiday travel rush has begun. airports busier than ever. so what can you expect this coming week? >>> and new at 4:30, heading for a record. excited fans >>> los altos, antioch, petaluma and all the bay area, this is abc 7 news. >>> tesla is recalling its entire fleet of model s sedans because of a seat belt issue. tesla wants to check those belts after reports that a front passenger seat belt became unlatched on its own. the company blames it on a manufacturing error and hasn't heard of any other reports. the recall is the company's largest ever involving 90,000 cars worldwide. tesla owners are being asked to visit a tesla service center for inspection. >>> well, you know it's almost thanksgiving when the cars come to san francisco. the 58th annual international auto show kicks off tomorrow in san francisco. it offers local car enthusiasts a first chance to see the new 2016 models from car manufacturers. speaking o

tesla is never going to make one. >> they would lose everything. >> guys are the ones buying these things. >> right. >> you have a husband. >> he made me put my name on it. >> really? >> yeah. the lease is only in my name. >> and in the game space, zynga. >> you are a weirdo. >> i am. trading on the top and bottom lines the mobile game maker also announcing a new ceo and plans to delay the launch of two games until next year. i don't know about this stuff. yesterday we heard about -- have you played candy crush? >> i have not. but i saw the deal. it's a big deal. >> i saw the game and it looked -- >> it's a fun game. it's a game you would like because you like brick breaker. >> but i don't understand that game. it just looked like you were shuffling around little things. >> you have to match things up. >> it's not action. you weren't driving around a racetrack or shooting anything. >> if you're a brick breaker fan you'd be into that. >> i got off brick breaker. >> you had to wean yourself. dangerous. let's get another check on the markets this morning. you are talking about green arrows this morning and after yesterday's gains you saw stocks closi