ashlee: the model-3 is a problem. into the tesla story or elon's story and still get this amazing gadget. elon's been pushing very hard for people to realize the model s and model x, these are luxury, high-end vehicles. he wants those sales to keep going. but i think there's no question that these early adopters, just people who are into technology and want to get into tesla, the model 3 is going to be the obvious way to go. certainly, it is not just a sort of eased-down version of the model s. its much lower and -- it's much lower-end. it's going to convince people of that. caroline: what will it must be doing -- what will elon musk be doing? he is a man to takes to twitter. maybe that is his way of speaking to the masses. how will he be trying to negotiate these, pardon the pun, bumps in the road? will he be going out fighting? ashlee: he is relentless about these things. part of it is just the shine. the model x and the model s have become a status symbol of sorts, and so, that, i think, will carry on. it will be --

and elon will be out there having huge events for the model 3. time talking about, yes, we have this car coming but let me tell you about the model s and model x. he is relentless about this stuff and he has a gift the other carmakers don't have which is his twitter account is immense free advertising and it's very powerful. caroline: do you think they can push forward and meet these very lofty expectations that are currently being baked into the share price? ashlee: in my gut, no. tesla has struggled with manufacturing for years. if we know anything, the shipment numbers almost definitely will come in under what the company is having is us think about. with the share price this can be -- cannot be based on a six-month thing, how many model 3 do they ship through the end of the year. it's a one-year, two-year story if the company can make these cars efficiently. make them at high quality. then let's have a story that gets very good. if they struggle over a long period of time, it is a huge issue. all the competitors are coming with electric cars.

about the model 3? bloomberg. ♪ ♪ caroline: tesla stock fell back this week. analysts have growing concerns of the committee reported deliveries flatlining in the second quarter. goldman sachs issued notes saying the demand for the company's higher-priced model s sedan and model x might hit a plateau. we started off by asking how important the company's upcoming model 3 will be for investors. >> we can look at the s and x sales, but the model3 is this make or break product for tesla. over the weekend we heard from elon they will ship about 30 model 3's this month. the good news is the car is arriving much earlier than tesla products tend to arrive. it is almost on-time. the bad news, of course, they are talking about hand making 30 cars and this is definitely not mass production like we're used to seeing from other automakers. but over the next year to two years it is how the model 3 sells doubled if i tesla. if you are an investor, deliberate the share price makes any sense is that the model 3 does well

here is a basic guide to tell the tesla models apart. new model 3 is the smallest and starts at $35,000. the model s is the original sedan, starting at $69,500. and the model x crossover seats seven and will set you back at least $82,500. >>> wells fargo struggling to overcome last year's fake account scandal says it is cutting 70 senior executive jobs. that's according to a memo obtain by bloomberg today. wells fargo is now facing a second customer account scandal. the bank has admitted that it signed up thousands of its customers for auto insurance that they didn't need. wells fargo says it noticed the problem last year but was waiting for the right time to tell customers. >> all right. much more ahead on "abc 7 news at 11:00." it may seem obvious, but a warning for residents in one east bay community. stay away from bats. >>> also a company that producing life-saving drugs is revealing the night a cyberattack impacted its production. >> i'm spencer christian. it is a little cooler outside tonight than at this hour last night. what does

here is a basic guide to tell the tesla models apart. new model 3 is the smallest and starts at $35,000. the model s is the original sedan, starting at $69,500. and the model x crossover seats seven and will set you back at least $82,500. >>> wells fargo struggling to overcome last year's fake account scandal says it is cutting 70 senior executive jobs. that's according to a memo obtain by bloomberg today. wells fargo is now facing a second customer account scandal. the bank has admitted that it signed up thousands of its customers for auto insurance that they didn't need. wells fargo says it noticed the problem last year but was waiting for the right time to tell customers. >> all right. much more ahead on "abc 7 news at 11:00." it may seem obvious, but a warning for residents in one east bay community. stay away from bats. >>> also a company that producing life-saving drugs is revealing the night a cyberattack impacted its production. >> i'm spencer christian. it is a little cooler outside tonight than at this hour last night. what does

just as the model 3 hits the road, why have the sales shifted down again it? massive deal in the digital payment space. they have bought world pay for $9 billion. this comes after j.p. morgan showed interest, but backed away. the u.s. credit card processor will grade gator exposure to e-commerce and small businesses through this acquisition. cory johnson and his partner joined us for reaction at to deal. corey: why cincinnati, ohio? what's interesting to spin off from this tells you the history of the business of payment transaction and what is happening is the way this business works, when you use your credit card, they find it if you've got the money in your bank account and they approve the credit or not. there are a number of steps that happen behind the scenes. each of those steps takes a different chunk. you get the verification from the merchant and the movement of the money between the merchant and the bank and the verification, when you go through the steps, there is money taken each hard way. it results in billions and billions of dollars. the moveme

the model three is the carmakers cheapest vehicle to date with prices starting at thirty five thousand dollars. tesla's aiming to produce five thousand cars a week initially with this targus increasing to ten thousand by the end of f next year. t the company has been beset by persistent production delays with previous cars enters a production.. the thing that's going to be up the majoror challenenge r us over the next six ninine months. is how we bowled a huge number cars and frankly we're going to be in production how. welcome well tessa says the arrival of the model three is a crucial step in its mission to speed to the global transition to renewable energy. the car's battery will run for three hundred and fifty kilometers before needing to be rechararged by. the end of

the brand-new tesla model three. big question is, will this be just another electric car, or a car that will change the future of all cars? ♪ ♪ in thea big takeover cable tv business. discovery communications agreed network, thes parent of the food network. the deal is valued at over $14 billion. this could help discovery cut costs come again negotiating leverage and expand internationally. to fall afters unveiling its model three. however, optimism about the electric car has contributed to the shares climbing 53% this year. elon musk said ahead of friday's events that tesla took in over 500,000 deposits on $1000 apiece. will the car live up to the hype and appeal to the masses? joining us is our reporter who color -- who covers everything tesla. elon musk drove up onto the stage and jumped out like a rock star. very positive. this is part of the tesla dna. it wheels like a tesla. it was designed by the same design team. you look at it compared to the other cars and it is part of the tesla family. people are happy wit

at a time that the old models are dying. that's our problem. all of us. in my view. and at another level, you can begin to ask what is a system in political-economic terms. and almost always the answer comes back, if you look closely, that it is related to who controls wealth. that is, in the medieval time it was the lords and the churches and the king who contained the wealth, and they called it name of the game in politics. in the 19th century, there was a period when agriculture was so popular and the country was 85% farmers that there was a different kind of base partly in balancing the rest of the system. the corporations arose, and for a while -- as i said -- were balanced partly. very weakly by labor unions. and that's gone. state socialism took another model. so, ultimately, the question we're asking is what does, what do we do, how can you even begin to think about a model that is democratic but also has muscle, that has power, that has institutional capacities? so one of the things this book attempts to do is, first, look at what's developing out of the pain

coming up, the rubber has it the road for tesla's new model 3. k for the automakers latest offering and ambitious production plans, next. at bloombergke us news, you can listen on the bloomberg radio app and in the u.s. on sirius xm. this is bloomberg. ♪ ♪ emily: tesla is ramping up production of the model three, this after the first car rolled off the line last week. the automaker already has half $1 billion in deposits for the $35,000 electric car. if tesla achieves elon musk's targets, it will build more battery-powered cars next year than all of the worlds carmakers combined in 2016. earlier, i spoke with caroline hyde out of london and started by asking about the outlook for tesla filling all the orders. take a listen. caroline: key question. and half a billion means everyone paying about $1000. that is 500,000 people who have lined up for this particular model three. what we do not about this car is the ramp up is enormous. so far, elon musk has his car . that rolled off this weekend. now the ambition is huge. they have to deliver 30 in july

the model 3 rate should hit a rate of monthly production of 20,000 it did say in announcing delivers it expects the same number of sales for the model s and x in the second half of this year so you put those two together, you come up with agent 95,000 vehicle, still unclear how many nmore will be delivered that ar the model 3, so we're still waiting on full year delivery. you said it. this was a day when investors were looking at stock saying wow, fair amount of pain after what's been a nice run for the the next six sempb months. >> thank you very much with today's sell off, the stock is now down about 15% since hitting a 52-week high it's nearing bear market territory, so is this stock suddenly a in touch, tim >> it's been a no touch for me 100 bucks ago f. you think about where they have to go in the model three by the end of 2018, you said 500,000 cars. it's nice to see a market production number and to talk about demand in a way. thags been my big issue. are we price thg as an oil company or much bigger it's a $10 trillion market yeah f you listen to people i don't see here that m

anyone's allowed to post anything and the business model of view true which makes it such a profitable company is not hiring a lot of ad says allowing everyone to post whatever they want and selling advertising around that. the traditional media model is to cure rate is to create gatekeepers have editors and professionals like you who will determine what will appear on it what we need is to convince and perhaps legally require companies like twitter or facebook to hire editors to make sure that the content that's published on that network isn't offensive particularly when it comes to when it comes to terrorism in that sense you killed. birds with one stone on the one hand you can guarantee that the content isn't offensive and on the other hand you create a lot of new jobs in india too but aren't you walking a thin line there because i know already that there's legislative steps being taken to destroy this so-called dangerous contents were it content for example for facebook in israel. you don't see a potential of this here i mean israeli army duz my post as da

about half the price of the model s. the company says it's received 400,000 orders for the model three and the challenge for tesla will be to meet that demand. >> i want to just say those that have lined up to buy a model three and that in some cases spent days outside out of our stores to be first on the list i want you to know that really matters to us. we really care. and we're going to do everything we possibly can to get you the car as soon as possible. >> so far the company has only made 50 model 3's. the ceo says by december they hope to make about 20,000 by month. if you were to order the model three right now you would probably get it by the end of next year. and if you haven't made a reservation already don't count on getting a federal tax credit that's because the credit runs out once the manufacturer has sold 200,000 vehicles of any model. at least 400,000 have been preordered. they offer a tax credit for electronic cars amounting to $7,500. many states including california offer additional tax credits. >> a v

so far the company has made only 50 model 3's. he admitted he's taking heat from people who ordered the car and are anxious to know when they'll get it. by december they hope to be making 20,000 model 3's per month. >> i want to just say those that have signed up to buy a model three and in some cases spent days outside of our stores to be first on the list i just want you to know that really matters to us. we really care. we're going to do everything we possibly can to get you the car as soon as possible. >> musk went on to say that if you order the model three right now you would probably get it by the end of next year. he also outlined the two main options for people who have already made their reservations. there is the base model that sells for upwards of 35,000. it has a range of 220 miles on a single charge. if you want a longer range and version of the model that sells for $44,000 and goes 310 miles on a single charge. shared of tesla are up an impressive 66% in anticipation of the launch of the model three. back in april t

3 eating into these sales all of the model s and model acts. inventories will be doubling in the second quarter. facing steady is and intensifying competition. they are going fully electric by 2019 and every single car, vw saying they can push in competitive markets. emily: interestingly, gene munster, who long covered apple says he thinks the model three big asmodel 3 will be as the iphone. he says that apple should buy tesla. take a listen. should buy tesla. elon musk probably is not going to let it happen, but that could transform apple. emily: alex, what do you make of it? alex: i think a lot of people would be impressed. apple has yet to make any advisable deals -- beats -- emily: which for them was a huge leap. of thehey love the idea visionary ceo. and of course, apple has a track .ecord of visionary ceo's the big question is about the fundamentals. apple is a company that does a 20% net margin. the margins for the automotive industry are dreadfully weak in comparison. be luxury carmakers do a 12% to 15% net margin on a good year and that

it's an early but important step for tesla when it comes to the model 3 which the company says got more than 400,000 orders since it was revealed last april. >> to give you a sense if you order a model three now you'll probably get it towards the end of next year bau because the s and the x and are in production if you order them now you can get them in one or two months. >> this will show the borld that this is possible. >> the car is also being closely watched by companies like silicon valley charge point which makes electric car charge zbleers first of all it helps obviously drive demand for products on services but we are actually encouraged by this. and accelerating the transition to electric transportation. >> tesla has a lot riding on its low priced entry. it has to deliver a lot of cars to turn a profit. it's now delivered batch one. and here is the breakdown if you're interested. the basic model 3 starts at $35,000. battery has a raining of 220 miles. you can upgrade to a model that starts at 44,000 that has a raining of 310 miles. reporting live in fremont, scott budman, nbc b

like kanye used the first hijabi model. tement and it's actually having a really positive effect. women of all faiths or no faiths are realising that they have another option out there, and i think that that is going to expand the industry for all of us. music: human by rag'n‘bone man i really hope, for muslim women, that it's going to reach a level where they can walk out of their homes choosing to dress however they want without fearing being attacked for that. and i think that hopefully, i'm hoping, we're working towards that direction. # i'm only human after all # i'm only human after all, don't put the blame on me # don't put the blame on me. saturday turned into the day of the downpour. that is not surprising when you see skies like this and many others from weather watchers. the area of low pressure producing those showers and outbreaks of rain on saturday are still close by on sunday. even if you have a dry start, be prepared for some showers as the day goes on. cloud around first thing. outbreaks of rain in the midl

the first model 3 is about to roll off the assembly line. >> i would love to have one. >> reporter: ceo elon musk said model 3 passed all regulatory requirements for production two weeks ahead of schedule. expected to complete sn1 on friday. that stands for serial number 1. last year hundreds and hundreds of people across the bay area stood in long lines to put $1,000 down for a reservation. musk toyses is la will soon deliver. the handover party for the first 30 customer model 3s is scheduled for july 28th. then production will go up. he says august should be 100 cars, september 1,500, and by december 20,000 cars per month. why such a high demand. >> reporter: tesla's model 1 demand starts $70,000 and the model 1 is about the half not including a $7,500 car credit. the sedan will get 1,500 miles per charge. it will go from 0 to 60 in under six seconds. >> it's a henry ford vision, mass produced automobile with an electric twist to it. >> reporter: reservations for model 3s are being taken online, but did i talk to a tesla employee who told me if you make that reservation now you likely

their suspicion on wall street that the model s and the model x have plateaued in terms of popularityl three, a strict down version of the model s, have a much greater appeal for consumers? what will that price really be? will it really be $35,000? what will come included with that? they offered a cheaper tesla model s in the early days and it proved not to be very popular with consumers. they ended up going upmarket for a higher price car. we will see what the car is and we will see what it costs. those questions are still out there, but elon musk certainly deserves the first one off the line if he wants. vonnie: it was a gift from a board member, his token for the first car off the line. even a stripped-down model, where you wait for the new wheels coming in the future and you wait things, will that -- why wouldn't tesla be able to build a lot of those fast? it's just a car. it's just made from lightweight aluminum and cheap steel. cory: they can build as many as they want. the goal is to sell them. we will see how it goals. to be commended for getting this car out the door, but the

like kanye used the first hijabi model. nt and it's actually having a really positive effect. women of all faiths or no faiths are realising that they have another option out there, and i think that that is going to expand the industry for all of us. music: human by rag'n‘bone man. i really hope, for muslim women, that it's going to reach a level where they can walk out of their homes choosing to dress however they want without fearing being attacked for that. and i think that hopefully, i'm hoping, we're working towards that direction. # i'm only human after all # i'm only human after all, # i'm only human after all, # don't put the blame on me # don't put the blame on me #. # don't put the blame on me #. yesterday's weather turned out to be pretty disappointing for some through the afternoon. prolonged rain and feeling quite cool. there was some sunshine in the forecast and today is looking pretty similar. some areas seeing some sunshine, others seeing showers or even longer spells of rain. this area of low pressure will c

but the model three is more expensive than rivals the nissan leaf on chevrolet votes. finally it's one of scotland's most popular and profitable products. now the scottish government want scotch whiskey to be defined in british law to protect the industry after the uk release the european union. under eu law what next scotch whiskey is very clearly defined but that won't be the case post brags that unless the market is protected under british law. scott industries working on it for a half billion euros in exports. sports around twenty thousand jobs scotland's economy secretary said he was concerned in particular about possible american imports. which were discussed during us uk trade talks in washington last week. which could flood the market if standards are indeed changed. i could affect all kinds of indiscriminate were really big from banking to whiskey and now one of the many many negotiations that about a half and then on the two years since. remark listening kate thank you very much indeed take me that with [captioning made possible by democracy now!] amy: from p

the model that began as you have put it the workers taking over is a particularly historical model and it has different variances. trade union is one variant. there were many more activists in your own country and the end of the 19th century. its more militant outside of union structures. union structures in a way brought it to a narrower form. i think we are seeing different forms of activism that will include workers at different levels but will include very different groups. citizen groups of the different kind black power, black lives matters a part of this. by the way in jackson mississippi the same types of things i've been talking about here are the programs of the mayor. that's a row highlight for black citizens and what's happening in mississippi at the heart of were the worst part of racism occurs at jackson is a place to watch. i don't think it's going to be trade unions. think it's going to be militant people but i don't think the union structure will be the basis of that though it can certainly be part of it what's left of the union structure. >> thank you so much for the

like kanye used the first hijabi model. t's actually having a really positive effect. music: human by rag'n'bone man. women of all faiths or no faiths are realising that they have another option out there, and i think that that is going to expand the industry for all of us. i really hope, for muslim women, that it's going to reach a level where they can walk out of their homes choosing to dress however they want without fearing being attacked for that. and i think that hopefully, i'm hoping, we're working towards that direction. # i'm only human after all. # don't put the blame on me. # don't put the blame on me #. this dramatic picture, the marine equivalent of a tornado, also known as waterspout. a great picture there from one of our weather watchers. let's look at the forecast as we head into this evening. across the southern part of the uk, you can see lots of showers. some of them alight, some of them every, some of them are torrential, they bring thunder and lightning, and some others will not see any of them altogethe

and 10,000 the model "x. ldman says we think demand has plateaued in that 24,000 range for model "s" and "x" for the remainder of the year, as a result, it's a price target of tesla dropping it down to $180 goldman also expecting lower margins than originally forecast in the second half of this year for tesla. that's one factor weighing on the stock today. guys, we have talked about this for some time, a big second half for tesla, we had the announcement about the model 3 and for the remainder of the year with the first deliveries of the model 3 will be heavy news flow for tesla. >> we were just talking about -- thank you, carl. we were just talking about the really ambitious-looking projections for the production of the model "s. what happens if what tesla always does happens again here and they end up missing projections but still being impressive is wall street losing patience do you have the take on that so far? >> you're talking about the model 3 in terms of ramping up production 20,000 for the month of d

. >>> and we're giving you a look at the new tesla model 3 after a rock star roll out. andrea borba tells us why the car is such a big deal. >> let's hand out some cars [ cheering ] >> reporter: it was an atmosphere akin to a rock concert in the parking lot of tesla's production plant with elon musk arriving on stage in a model 3. the company officially unveiled the third model. they've already had 500,000 preorders of the model 3. before turning over the keys to new owners, musk promised everyone who put a thousand dollars deposit down, that they'd get their car. >> i want to just say those that have lined up to buy a model 3, and n some cases spent days outside of our stores to be first on the list, i just want you to know that really matters to us. >> reporter: there were 50 cars that came off of the production line, 30 are hitting the road, delivered to some tesla employees and vips. the other 20 will be used for engineering validation. the model 3 is tesla's first mass market electric car, and the cheapest tesla to date with a starting price of $35,000. the range? 2

the model sedan is here tesla employees got the first vehicle to start at $35,000 for the basic modelshigher end, $44,000 edition, will go up to 310 miles per charge. >> and be about roughly five seconds, zero to 60, 1 140-mile-an-hour top speed. >> reporter: elon musk 11 years ago declared he wanted to build a sports car and used that income to build an affordable car. >> the tesla model 3 has the potential to be as game-changing as the introduction of the iphone. >> reporter: musk wants the price point to appeal to the masses on. average, americans spend $34,000 on a vehicle. the model 3 is entering a competitive field of electric vehicles. musk promising to produce an ambitious 500,000 cars next year. >> it's a huge number of cars for a startup company. they've got to figure out how to keep quality up. >> reporter: the inside of the model 3 does feel different than mode e most sedans. there's nothing on the dash. it's all controlled by this tablet. tesla says this will allow them to control the car and eventually make it autonomous as in it will drive itself. >> quite controversial.

the model three will begin production on friday. omers who paid the deposit won't receive their car until the end of next year. the model three has a $35,000 price tag and drive 215 miles on a single charge. >>> "healthcheck" the number of teenage births in the u.s. has dropped to a record low. 9% of fewer teenagers gave birth last year and the overall birth rate went down, too. births from is 15 to 19-year-ols dropped dramatically. >>> fires sparked by grills and fire pits and fireworks are hazard that could put your guests at risk. >> the biggest thing people invite people over to enjoy a barbecue and summer afternoon. they don't think lr -- there are horizon of young kids or relatives getting hurt in their backyard fireworks or sparklers or getting too close to the grill or being burned. if you're firing up a grill for a holiday meal, if a gas grill doesn't light on the first try, turn it off, it let it air out and try again. if you suffer a murn -- burn, apply ice. aaa says more fires are reported on the 4th of july than any othe

the latest indications on the model is that we clear out for saturday and looks nice with highs in theid to upper 80s. sounds good. you know it wouldn't be the 4th of july without the famous chow down showdown on the boardwalk. they have the gobble down at nathans famous hot dog competition. joey chestnut weighed in with challenger, stoney. he devoured 70 hot dogs in 10 minutes last year and it remains to be seen it he can hold on to his title. it kicks off in a few minutes. >> always so ib intriguing to watch. >>> big cities ramp up security to make sure america's birthday party goes off without a hitch and racing in the streets of conshohocken for a chance at a world championship. those stories and more next. fios is not cable. and we believe everyone deserves faster internet. so with fios gigabit connection, you get amazing download speeds up to 940 megs 20 times faster than most people have. and it's just $79.99 a month online for the first year. switch to fios gigabit connection with tv and phone for $79.99 a month. plus hbo for one year and multi-room dvr service for two years. a

like kanye used the first hijabi model. t's actually having a really positive effect. women of all faiths or no faiths are realising that they have another option out there, and i think that that is going to expand the industry for all of us. i really hope, for muslim women, that it's going to reach a level where they can walk out of their homes choosing to dress however they want without fearing being attacked for that. and i think that hopefully, i'm hoping, we're working towards that direction. # i'm only human after all # # i'm only human after all, don't put the blame on me # # don't put the blame on me #. we may be right in the middle of summer i'iow, we may be right in the middle of summer now, but the weather actually has been feeling a bit autumnal across parts of the country over the past few days. we have had some heavy rain and strong winds. here is the scene in devon, taken by one of our weather watchers during the course of friday afternoon. choppy waves and cloud bringing outbreaks of rain. it was not like tha

the model 3 is finally hitting the streets.r the launch party at the factory in fremont. you can see all the brand-new model 3s lined up in the parking lot like a hollywood production. there is a stage, vip seating, cameras and the star of course is the model 3. kiet do reports. >> reporter: they have made it clear this is not some kind of unveiling or launching. they are calling it a handover event private only available to vips and employees and no media allowed. getting used to this sight, model 3s everywhere getting delivered in a truck heading somewhere outside of the bay area and elon musk posted this video clip of preps going on for the event. this is a big night for tesla, in just three hours 30 people will be the first to get their model 3s years ahead of other customers. they will include employees and some vips, and no doug is not one of them. would it have been nice to be on the list? >> yeah. yeah. i mean, it would have been nice. but, you know, it will come. you have to be patient. >> reporter: he paid the $1,000

that is the loose analogy for the model three and the iphone.inction of tesla being a technology company, versus a car company. has the market made a distinction yet? >> i don't think so. i still talked to a lot of investors and they really think about the market cap at tesla relative to other automotive companies. company vision is to accelerate the globe's adoption to her noble energy. they even have a master plan even bigger than automotive. that has not set in the mind of investors. understood where tesla is going to, all the negative news this week, i think, would not have the impact that it has had on shares. >> a lot of misinformation on the company. one is the cash burn and the other is this idea negative margins. can you give me the actual numbers? a about a -4%ave operating margin this year. if you look at the street models over the next years, that should gravitate to just about 1%. so they are not making a ton of money here, and that the general concern from investors. ultimately, they will need to go back to the markets. as the oppo

the model three is a smaller, more affordable model s. the $35,000 price tag has generated huge interest with more than 400,000 preorders clocked. >>> facebook will tell you where to find the latest wi-fi. it lets people search for free or public internet. it could be found under the more tab. >>> twitter is reportedly considering adding a new fake news button. the feature would let you flag tweets as containing misleading, false, or harmful information. >>> good morning, everybody. what have i got this monday morning? among the items, hey, we got a couple of bay area all stars for baseball's july 11th classic. it's all coming up in a jiffy. >>> and we want to know what is cool about your summer camp. and will feature your camps on our thursday morning show. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians i

it's starts at $35,000 half the price of the previous models. ey are hoping to sell five dames as many cars by next year. >>> george clooney has the world's most handsome place. measurements of his facial features, give him a perfect score using a formula developed by the ancient greeks. those are tech bytes. [ crickets chirping ] [ light music playing you've wished upon it all year, and now it's finally here. thmercedes-benz summer event is back, with incredible fers on the mercedes-benz you've always longed for. but hurry, these shooting stars fly by fast. lease the c300 for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. hey. what can you tell me about your new social security alerts? oh! we'll alert you if we find your social security numr on any one of thousands of risky sites, so you'll be in the know. ooh. sushi. ugh. being in the know is a good thing. sign up online for free. discover social security alerts. consumer tips, these are to help you avoid outliving your retirement nest egg. plan for a long

when i started lookiing at the climate model l and comparing tm to the observation, then ii started realizing, well, you know, all ofof these models woud be an own facace of natural climate v variabilitiesso t they could be showing i increaseses r decreases over a period of observation, but theyey all shoa decrease, and so that's what starts to help implicate greenhouse gases that's forcing the changes that we're seeing today in the ice cover. we can say that about 50%-60% of the loss of sea ice that we're seeing today is a result of greenhouse gases. the other 40%-50% is actually y natural climate variability, so we know both are acting on the system right now. and right now the resesults are about 5 50/50, i think, on what's happening, what we're s seeing todaday. the planet's going to warm by a certain amount a degrees. the sea ice is going to disappear in the summertime. the ice is continue to respond, sea level is going to continue to rise, but when we look at things like, well, where are the precipitation patterns going to change? who's going to get morore rain? who's going to get less

they expect the first model three to be produced this friday. worth noting, the stock up 69% , and not a sell the news event. investors are buying this. now let's take a look at oil, row, it'says in a since last year. the supply glut fears erased right now. perhaps an interesting trading thing going on. if you look at the bloomberg, this is the one-your chart showing the moving range for oil. the blue line in the middle is the 33-day moving average. this comes from a trader who used to trade off of this. after it bounced off of the green line, 10% below the moving average. now we have a oil hitting the 33-day moving average. interesting to see if it will pop higher, or if it goes back lower into that range. mark: what a difference a week makes, a month makes, and a quarter makes. 600 friday fell. today we are up two new quarter, newmont. rising for the first day in five after the worst week since november. biggest monthly drop since june last year post-brexit. first quarterly dropnewmont in . new quarter, new sense of feeling out there by basic r

the model 3 is more expensive leaf andls nissan chevy volt. claire: thank you very much. ow for the press review. our guest joins us for headlines across the globe. >> protest rock to venezuela today. the opposition leader has called for a nationwide demonstration to reject the vote on the constitution. has sometimes been called the mouth these of the venezuelan government, lashing out, saying they are actions of thee opposition. there were flashpoints of violence. there was a huge defense of the government. whyre: is an indication of this vote would turn venezuela into a dictatorship? it's a rather fatalist opinion piece in which the author said that majuro -- therio has gained control of judiciary and this is the final step in what will essentially become a dictatorship. appointed amduro, but they are saying the new constitution will betray chavez's legacy. claire: he appointed his successor? >> he was tried for corruption allegations. his brother has been named the interim leader ahead of a parliamentary vote to determine a new pm. [indiscernible] him crying leaving the

future tracker 6 shows there's more prevalent action on the model tomorrow. noon, some of this. 4:00 p.m., the heaviest down south, as late as 11:00 p.m. there could spotty thunderstorms around could be the kind you want to take cover from. the other issue is whether we'll get flooding out of this, that's a question, as well. some models giving us a lot of rain others not so much. late storm here or there today. tomorrow i'll keep the accuweather alert on there, because there's an increased chance of thunderstorm activity and some could be strong and flooding downpours not out of the question, that is currently involving. saturday we could have lingering showers around for a while, sunday looking good, and the early part of next week looking dry and comfortable. >> okay, thank you, david. >>> well, happening today, president trump is scheduled to participate in a ceremony recognizing the first responders to the shooting of a senate baseball practice. steve scalise was injured in the attack. he was discharged yesterday elgin rehab. he was -- he will begin rehab

the much-anticipated tesla model 3. got to take it for a test drive fresh off of the factory lines. it's got a pretty good zip to it, and it's also elon musk's biggest gamble yet. at last, after more than a year of hype and anticipation, the wait is over. tesla's model 3 electric sedan is here. >> let's head over to some cars. the first production cars -- >> reporter: 30 tesla employees got the first vehicles that start at $35,000 for the basic model. they'll drive up to 220 miles after just one charge. the higher end, $44,000 edition, will go up to 310 miles per charge. >> and be about roughly five seconds, zero to 60, 1 140-mile-an-hour top speed. >> reporter: elon musk 11 years ago declared he wanted to build a sports car and used that income to build an affordable car. >> the tesla model 3 has the potential to be as game-changing as the introduction of the iphone. >> reporter: musk wants the price point to appeal to the masses on. average, americans spend $34,000 on a vehicle. the model 3 is entering a competitive f

the first model 3 will be delivered to their owners. what that milestone means for tesla. >>> a boat -- a vote in the house of representatives to fund the boarder wall, the voting results and how much american taxpayers will need to pay for a down payment on building the wall. hitting the mid-morning wall? with up to 24 grams of hearty protein jimmy dean bowls help you avoid it. shine on. food. water. internet. we need it to live. but what we don't need are surprises, like extra monthly fees. i see you, fee, played by legendary actress anjelica huston. you got me, mark. we just want fast internet for one, simple rate. for all the streaming and the shopping and the newsing, but most of all... for the this. internet for one everyday simple price and no extra monthly fees. how yothat's why new downy sprotect and refresh. conditions fibers to lock out odors. so clothing odors don't do the talking for you. lock out odors with new downy protect and refresh. >>> welcome back. new development surrounding president trump's announcement that trans

three is far aggressive than what we saw with the model on s and the model x. f there are delays, you will see some type of a pull back i would imagine with the stocks. but it's not unheard of when you have a new vehicle not just tesla, a lot of automakers have this, where you have it delayed a couple weeks sometimes a month or two, and usually doesn't happen, but it can happen. >> all right phil, thank you. phil lebeau in chicago for us. coming up, july 4th means big business for the fireworks industry pl we'll talk to a member of the legendary family ne xt ray's always been different. xt last year, he said he was going to dig a hole to china. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big ways. china. oh ... he got there. that's the power of and. and the wolf huffed like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in.

right when the model 3 starts shipping. by the way, full really want to watch this handover event, you can see it live streamed on their website at 8:45 p.m. today. live in fremont, kiet do, kpix 5. >>> there is a glut of pot. the marijuana growers association says that california is growing way too much! kpix 5's political reporter melissa caen on what too much pot really means. >> reporter: yeah, allen and veronica. we are live at oaksterdam university in oakland sometimes called cannabis college. we have some plants here that students will be using to learn how to cultivate marijuana. the classes and seminars are packed. recreational marijuana will be for sale in 2018 but california already is growing far more marijuana than it consumes. >> there's a lot of growing going on. california is a great state for agriculture. >> reporter: but could we be growing too much? this person is the executive director of the california growers association. he says that the state is growing far more marijuana than it consumes. >> our orga