u.s. electric car maker tesla joins a raft of companies posting excellent third quarter figures but is that enough to move wall street. spanish taxi drivers save or victory as lawmakers that have maximum limit to the number of ride sharing licenses. and a tech summit where you'd least expect it in the smaller capital mogadishu. and can the philippines save its most popular tourist destination from tarus themselves. i'm stephen beardsley in berlin thanks for joining us wall street did well today after stocks took a hammering yesterday positive earnings reports are driving the trading including from tesla which is back in the black for the first time in two years the production ramp up for its model three saw the u.s. electric car maker post a net profit of three hundred eleven million dollars in the last quarter calling shareholders nervous production of the model three had been delayed by technical and logistical problems while tesla has been marred by controversy involving c.e.o. ilan mox. our financial correspondent yen skordas joining us now with a view from wall street to tesla's number

u.s. electric car maker post a net income of three hundred eleven million dollars in the last quarter coming shareholders nerves the launch of the model three had been delayed by technical and logistical problems tesla repeatedly failed to hit unrealistic production targets and deadline set by c.e.o. elon musk the new figures marked the carmakers best ever earnings since going public in two thousand and ten. the world's billionaires grew twenty percent richer and twenty seventeen and according to a report by u.b.s. and pricewaterhouse coopers there are more of them than ever before more than two thousand people around the globe have accumulated one billion dollars of wealth or more together they're worth eight point nine trillion dollars north america remains home to the largest number of billionaires but second place goes to asia. china now has more than three hundred billionaires most of them are intrapreneur is like jack ma he founded online retailer ali baba two decades ago now the company has yearly revenues of more than thirty billion dollars. the e.u. is moving to counter the growing

u.s. electric car maker posted net profit of three hundred eleven million dollars in the last quarter calling shareholders nervous production of the model three had been delayed by technical and logistical problems while tesla has been marred by controversy involving c.e.o. elon musk. our financial correspondent yen skordas joining us now with a view from wall street to tesla's numbers finally boost its long term outlook in the eyes of investors. well it's probably too early to tell wall street to kind of knew what was coming already two days ago when knowledge that the numbers will come out actually earlier than originally expected and wall street was well aware that this can only mean that musk had some pretty good news for investors one reason why we saw the biggest profit so far in tesla's history and might also have been that some payments to suppliers have been delayed if that really should be the case that could mean that their future profit could get distracted a bit but for now at least wall street was cheering the stock was up for a third consecutive day and just on thursday we saw

u.s. electric car maker post a net profit of three hundred eleven million dollars in the last quarter calling shareholders nervous production of the model three had been delayed by technical and logistical problems while tesla has been marred by controversy involving c.e.o. a long musk. our financial correspondent court is joining us now with a view from wall street to tesla's numbers finally boost his long term outlook in the eyes of investors well it's probably too early to tell wall street to kind of knew what was coming already two days ago when. that the numbers will come out actually earlier than originally expected and to wall street was well aware that this can only mean that you know one must get some pretty good news for investors one reason why we saw the biggest profit so far in tesla's history might also have been that some payments to suppliers have been delayed if that really should be the case that could mean that their future profit could get distracted a bit but for now at least wall street was cheering the stock was up for a third consecutive day and just on thursday we saw

u.s. electric comic post a net income of three hundred and eleven million dollars in the last quarter also calming shareholders nerves the launch of the mobile three had been delayed by a series of technical and logistical glitches has repeatedly failed to hit unrealistic production targets deadlines said by c.e.o. elon musk while the new figures mark the carmakers best ever things this is just the third time it has posted a quarterly profit since going public in twenty ten. italy and the e.u. heads the troubled member state is resisting austerity measures from brussels for the e.u. commission it's about nothing less than the security of the military union it says that is that that is what italy the third largest economy is putting at risk. the italian government is in a fix it has two point three trillion euros worth of old debt and a credit rating getting closer to junk status and there are expensive plans for upcoming election campaigns. the government wants to borrow even more money two point four percent of the country's g.d.p. too much of brussels the european commission has rejected

u.s. policy. electric car a centric c.e.o. elon musk has brought as britney spears moment a nother he's done it again this time mr must tweeted criticism of the u.s. securities and exchange commission calling them the short seller in richmond commission mocking the f.c.c. acronym only days after they agreed to settle the matter involving fraud by mr must for a previous tweet which misled investors about tesla going private here discuss this and more auto news as a car coach lauren fix lauren welcome it's so great to see you always love having you on i keep putting hope i keep hoping not to cover. tesla so much but this guy is like the energizer by the he keeps giving and giving all this stuff and you've got to cover cover it i'm curious what your take is on his taunting tweaks to the tweets to the regulators well obviously or stopped us from looking it hasn't stopped us from looking at the deal and picking some of the winners and losers and here to discuss joining lauren is conservative t.v. and radio commentator steve malzberg

u.s. competitor general electric instead zeman c.e.o. joe here next to the u.s. president at the last world economic forum in davos was in iraq only last month to underscore the company's interest in the job general electric desperately needs contracts for its turbine division and washington allegedly pressed that point with fact. the current developments in saudi arabia are showing us just now how important it is to keep a good image as an investment destination telling which country is best for investors to put their money can be difficult but there is help from the world economic forum which just released the latest competition index for economies around the world and some of the results might surprise you. it's a highly coveted tree that gives one country an edge over another and now thanks to a study by the world economic forum the most competitive economies in the world have been revealed the study's authors looked at a variety of factors including innovation and how dynamic a country's business environment is they were also interested in technological readi

u.s. electric grid. trampled a campaign rally in the evening in missoula montana on behalf of matt rosendale who is running for u.s. senate. on cspan-3 there is a cyber security conference with government and tech industry officials. >> this weekend on american history tv on cspan-3, saturday at 10 pm eastern on real america, the 1968 broadcast, southern town hall . >> i don't believe that nuclear bombs and weapons should be used in vietnam, they are not necessary to be used in vietnam and nuclear weapons should be reserved, only for what we hope will never, in which i think great diplomacy, can avoid and that is a confrontation with a nuclear power . >> sunday at 6 pm on american artifacts, we tour the baseball americana exhibit at the library of congress including magna carta, pre-civil war documents that spell out the basic rules and organization of the game. 8 p.m. on the presidency, former president george w. bush, reflects on the life of former first lady barbara bush . >> she had this motto that yo

u.s. electricity needs in the '90s to about half of that now.ind of the same way cornrows disappeared in the nba and they ain't coming back either. who's got that kind of time? this is more complicated than most people realize. people don't think about it from the cultural side. what makes you proud to be from this part of the country? >> what we have given for our country, to our country, we've helped the country move forward. i loved being a part of that. >> coal is just like this dirty word. it's a literally a four-letter word. it means destroying the environment. >> that's why i lost my job. >> that's why you lost your job. >> basically. >> talk more about that. >> because of carbon emissions and whatnot. the coal industry has been regulated to a point of death basically. but i care about our environment. i don't want to live in a place full of toxic sludge. i don't want that. i just want a good job. that's it. >> there you go. just want a good job. which is everybody. we all just want good jobs. >> yeah. >> see, we want the same things. a g

u.s. electric grid. in the evening president trump holds a campaign rally in montana on behalf of matt rosen dale, who is running for u.s. senate. on c-span, there is a cyber security conference. this weekend on "book tv," the milford readers and writers festival in milford, pennsylvania. starting saturday at 2:00 eastern with pulitzer prize and herusan flutie book, "in the dark room alan pulitzerh his book, prize winner frances fitzgerald discuss writing about war, and former harpercollins ceo jane friedman on the future of book publishing. then on sunday at 1:00 p.m., fox on his andrew napolitano book "it is dangerous to be right when the government is wrong." and authors julie maloney and jules evans on the power of the written word. on c-span twos book tv. sunday night on "afterwards," beth macy with her book, "dope sick." she is interviewed by democratic congressman joe conley from virginia. i started to hear from policeman and other sources that so much of the drug crime, so much of a crime in their

u.s. electric companies are serviced by companies using ca systems and used in 29 u.s. nuclear reactors. are they reviewing this transaction between broadcom buying c.a. technologies? >> in this forum i can't speak to open investigations but aphay to talk to you about it. >> we will send you a letter advocating they look at this, but we think that if they were looking at broadcom previously just because broadcom has changed their dough mow soil to here doesn't mean we shouldn't look at broadcom. director wray does the fbi access the foreign intelligence database for information on domestic crime? >> the foreign intelligence surveillance database? we have a variety of databases. we do not investigate domestic crimes through our fisa authorities. >> that would seem to contradict things that we've heard previously. you're saying that the fbi does not access any of the foreign databases, either the 12 triple three or the fisa database looking at domestic crime? >> well, maybe you and i are using slightly different definitions of the term domestic crime. we use the foreign intelligence author

u.s. carmaker for to boost production of its electric powered street scooter the street scooter delivery van has been so successful that the post plans to produce three and a half thousand units a year together with ford's plant in cologne torture pos began making its own electric vans because car makers couldn't offer a suitable model the st scooter can carry two hundred parcels and is tailored to the demands of urban delivery routes the ford agreement will certainly make the post i mean to any diesel benz. that's it you're up to date with the latest from the wall of business to more do head to our website d.w. dot com don't forget to slash your business so follow us on facebook and you can find us on twitter as well underscore business is. i'll be back tomorrow same time same place look forward to seeing you ben. after. her first day of school in the jungle. the first. door is green the moment arrives to. join during the on her journey back to freedom . in our interactive documentary. the road to bring a team returns home on the w.'s don't come from wrong it's. my first boss was the sewing

u.s. carmakers for to boost production of its electric powered streets to the streets go to delivery van has been so successful that the post plans to produce three now. after thousand units a year together with ford's plant in cologne georgia prosper again making its own electric vans because carmakers couldn't offer a suitable model the st scooter can carry two hundred parcels and is tailored to the demands of urban delivery routes the ford agreement will certainly make the post i mean to any diesel benz. that's it you're out today with the latest from the wall of business for more do head to our website d.w. dot com don't forget to slash for business so follow us on facebook and you can find us on twitter as well underscore business is our handle all be back tomorrow same time same place look forward to seeing you then say. i'm. going to. talk. to. hamas. the. elephants need the scoop does a plastic model turn into a meeting stone why do algae make it clear you look good idea can work anywhere and there are people developing smart solutions everywhere. mood letson small children going out

u.s. carmaker for to boost production of its electric powered streets to the streets go to delivery van has been so successful that the post plans to produce three and a half thousand units a year together with ford's plant in cologne pos began making its own electric vans because car makers couldn't offer a suitable model the street scooter can carry two hundred parcels and is tailored to the demands of urban delivery rates the ford agreement will certainly make the post i mean to any diesel benz. that's it you're up to date with the latest from the wall the business for more do head to our website d.w. dot com don't forget to slash the business so follow us on facebook and you can find us on twitter as well underscore business is our handle i'll be back tomorrow same time same place look forward to seeing you ben just so. long. and list all consuming conflict for over four hundred. thirty years turned out of your world. but candidates failed to determine its outcome. in negotiations lasting many years mediators succeeded in each and every moment. it was the burst of modern diplomacy . six

between general electric's and siemens for a lucrative contract to upgrade iraq's electricity generation last week u.s. space g.e. seems to have taken the entire prize from siemens germany but now it appears looks like there will be more business for both corporations and the war torn iraq the german firm says they will contract to build new infrastructure that can generate as much as eleven gigawatts of power that's enough to increase current production by fifty percent overall and sell one point five gigawatts of that yield to iraq over four years seaman c.e.o. reportedly flew directly to iraq to avoid missing out entirely on this round of iraqi infrastructure upgrades. and chinese leaders are pushing back after u.s. secretary of state might pompei all last week warned latin american leaders of pitfalls of involvement in chinese dollar diplomacy and mexico city the u.s. top diplomat and former director of the central intelligence agency warn latin american leaders that chinese officials may show up with deals that seem too good to be true because they are mr pompei all specifically called the behavi

fight between general electric's and siemens for lucrative contracts to upgrade iraq's electricity generation last week u.s. space g e seem to have taken the entire prize from siemens a germany but now it appears looks like there will be more business for both corporations in the war torn iraq the german firm says they will.

there is a kind of lack of interest for electric cars in the u.s. t soecause there is much support for the development of electric cars. we don't see the support for electric cars that we are seeing from the chinese government or the european governments or the japanese government. but i'm sure it will come back. i'm sure it will come back. everybody is getting ready for the next phases. we are very bullish on electric cars worldwide. we made the forecast that for the 14 million cars that should be selling, we are forecast to sell by the end of 2022, 10% of these will be pure electric. we are doing about 1.4 million cars between nissan, missed to be she and renault to electric worldwide -- mitsubishi, and r enualt worldwide. >> we are seeing the return of sanctions on iran. carlos: i still believe that the iranian market is a very interesting market and potentially will grow one day. , but weot exiting iran are protecting ourselves from the u.s. sanctions by saying we will do everything necessary to avoid u.s. sanctions. we are directly in contact wi

electric cars like a bmw's i3 are supposed to help them ride into the environmentally conscious future and steel brand dominance from the u.smarket tesla. it is not going to be easy. electric cars is still only represent a tiny fraction of car sales. but carmakers are going to need them to meet strict co2 reduction requirements in the eu. it is in the real world that these cars will be tested. paris is a tough examiner. it was one of the first to announce plans to ban diesel and gasoline cars from the city center. electric cars is only part of the answer. >>>> we have to share the public space with auto users. pedestrians and cyclists. if you change one million cars, you will have of course more breathable air, but you will still have congestion. so we have to understand then that the future of mobility is shared mobility. reporter: it was here in paris that the first motor show in the world was held in 1898. the world in 2018 has gotten a lot more complicated for carmakers. how much time they still have as kings of the road will depend on how fast they are able to change. javier: let's cross over to our financial correspon

between general electric's and siemens for a lucrative contract to upgrade iraq's electricity generation last week u.s. space g e seem to have taken the entire prize from siemens a germany but now it appears looks like there will be more business for both corporations in the war torn iraq the german firm says they will contract to build new infrastructure that can generate as much as eleven gigawatts of power that's enough to increase current production by fifty percent overall and sell one point five gigawatts of that yield to iraq over four years seaman c.e.o. reportedly flew directly to iraq to avoid missing out entirely on this round of iraqi infrastructure upgrades. and chinese leaders are pushing back after u.s. secretary of state might pompei all last week warned latin american leaders of pitfalls of involvement in chinese dollar diplomacy and mexico city the u.s. top diplomat and former director of the central intelligence agency warn latin american leaders that chinese officials may show up with deals that seem too good to be true because they are mr pompei all specifically called the behavio

u.s. citizen he was writing for a washington post so therefore electric has all the interest as i said like to get the u.s. on board in this matter let's bring in attorney had been a long time here you're an international lawyer you clearly understand the way this all works this is an almost a unique case this was a murder that took place in saudi sovereign territory the consulate in istanbul yet the president of turkey says he wants those people tried in istanbul is there precedent for this what's the what it what shape does any trial in turkey take look like and can it happen indeed. well it raises number of questions. first of all the question of whether a concert of mission has the same status as a full diplomatic mission or an embassy. and the question of sovereignty is something which has been tried and tested in a number of cases so it's not a question of absolute immunity we also have a situation where a crime has occurred in the in the cultural mission which is covered by the vienna convention on on consular relations which is different to the vienna convention on diplomatic relati

electric cars like b.m.w.'s i three and audi's each on are supposed to help them ride into the environmentally conscious future and seal brand dominance from the u.s. as tesla here with a mass market model three while they're at it it's not going to be easy electric cars still only represent a tiny fraction of global car sales but car makers are going to need them to meet strict c o two production requirements in the e.u. . but it's in the real world that these cars will be tested in her city paris is a tough examiner it was one of the first when plans to ban diesel and gasoline cars from the city center examined electric cars are only part of the answer. we have to share the public space with other uses i mean for example best friends and cyclists but if you change one million. deal caused by one million electric cars you will have maybe of course a more breathable i have but you will still have congestion so we have to make understand them that diffuser of movie t.v. is a shared mobility. it was here in paris that the first motor show in the world was held in eight hundred ninety eight the world in twenty eighteen has gotten a lot more complicat

u.s. commonwealth in the northern mariana islands are expected to be without electricity and running water for months. typhoon.r a super france, footage appears to show the french army ignoring killings in rwanda back in 1994. it is embarrassing for the french army, which denied knowledge of the massacre, but the video shows otherwise. june 28, 1990 four. on the left, a french colonel and his subordinate. he warns him about the killing .f thoususands of tooootsies >> yesterday, we were in this village. tutsis.ere hunting for click's more than 16 -- >> more were killed.utsisis in this video, the french colonel fails to appreciate the urgency of the situation. oneneprlem is thehey have no -- the french colonel was questioned about this video by a french judge in 2015. he told the judge he was absent-minded at the time, unable to understand what was going on. looking back at this, it seems incredible i did not react to the information. was launchedquiry in 2005 to shed light o on france''s role in the massacre. human rights groups say france knowingly failed to prevent it. the case was dismis

u.s. this is a setback for carmakers amid a glittering showcase of what they are actually trying to get right this time. with electric cars like b.m.w.'s i three and out each on are supposed to help them right into the environmentally conscious future and feel brand dominance from the u.s. is tesla here with a mass market model three while they're at it it's not going to be easy electric cars still only represent a tiny fraction of global car sales but car makers are going to need them to meet strict c o two production requirements in the e.u. . but it's in the real world that these cars will be tested in whole city paris is a tough examiner it was one of the first to announce plans to ban diesel and gasoline cars from the city center to them. actually cars are only part of the answer. we have to share the public space with other uses i mean for example there streams and cyclists but if you change one million. deal caused by one million electric cars you will have maybe of course more breathable but you will still have congestion so we have to make understand them that the future of movie t.v. is a shared mobility. i

u.s. for revenues and the third in volume. >> reporter: the electric car company delivered more than 84,000 cars. it is more than what tesla delivered in all of 2016. they plan to produce more model 3 in the 4th quarter. >> expect the trend to continue into 1. >> reporter: he made headlines for his personal behavior and production problems, reached a settlement with fcc over allegations of fraud in the tweet about taking the company private. he caused a stir smoking pot in a pod cast. tech expert hancock, joint venture silicone valley. >> big thing for ceo. he has been embattled. he is a walking drama production, all kinds of f. what matters, what really matters, prt? doesit sell? does the public feel excited? >> he says he is exciteed to take the model 3 -- excited to take the model 3 to europe and asia. the market there for premium sedans is greater than north america's. live in palo alto, back to you. >>> the asian markets getting slammed after today's brutal sell off on wall street. benchmark index were down about 3% in tokyo and 2% in hong kong. the dow futures are pointing to a slight

u.s. in terms of revenue. the electric car company delivered more than 84,000 cars globally this quarter which is more than what tesla delivered in all of a big deal ceo because he has been embattled. he is a walking drama but what really matters is does he have a product? will it sell? and do the public feel excited? >> musk said he is also excited to br year where the market for midsized premium sedans is even larger than north america. >>> stocks plunging by 2.5% to 4.5% yesterday erasing gains for the year cbs news business analyst jill schlesinger is here to explain what happened. what's behind this selling? >> reporter: well, i think investors are worried that global economic growth could slow down and, of course, that would hurt corporate profits. there's also uncertainty about what happens next with the u.s.-china trade dispute and all of this is happening as the federal reserve plans to keep raising interest rates. it's caused a spooky october for stocks. dow down 6.8% so far this month. s&p 500 off 8.6% both nega

nathaniel: audi launched its new electric vehicle in the u.s..ed the e-tron they had a launch in san francisco. toward the end of the launch was an announcement they will be partnering with amazon to install the charging systems. carol: what is the big deal here, because i think anytime amazon says they are going into a market or goes into a market, the established players freak out. craig: that was what -- nathaniel: that was my thinking. they will come in and do the installation for you. then what? imagine you drive in and instead andulling out an app picking out a bunch of different settings and saying how long he will be home for, you drive in, you park, you plug in, and you say, alexa, you can charge it slow. or you can say, i have got to lead in 90 minutes, top it up as quick as you can. carol: here is amazon, who reaches so much of the general public. is this the thing that finally ramps up electric vehicles much more than it has been? nathaniel: electricity is different from fuel. i cannot get gas at home slowly dripped into my vehicle. b

nathaniel: audi launched its new electric vehicle in the u.s.led the e-tron and they had a big, flashy launch in san francisco. sort of buried toward the end of the launch was an announcement they will be partnering with amazon to install the charging systems. carol: what is the big deal here? because i think any time amazon says they are going into a market or goes into a market, that industry the established , players freak out. nathaniel: that was my thinking. they will come in and do the installation for you. then what? imagine you drive in and instead of pulling out an app -- which is what car companies suggest you should do -- and picking out a bunch of different settings and saying how long you will be home for, you drive in, you park, you plug in, and you say, and saying how long you will be home for, you drive in, you park, you plug in, and you say, "alexei, i am not going out tonight you can charge it slow." , or you can say, "i have got to leave in 90 minutes, chop chop as quick as you can." carol: here is amazon, who reaches so much

in march they purchased 10 pattern -- battery-powered electric buses and they have wi- fi capabilities and u.s. seaports in the seat. >>> a new safety improvement project starts today on lombard street in san francisco. engineers plan to add new curb lack -- ramps between richard and van ness avenue is. that's richardson, actually. there will be more bus areas indivisible crosswalk. the construction work could cause temporary traffic delays heading to and from the golden gate bridge in the project is expected to last two years. 4:46 a.m. seeing what the construction has done to van nest and now on lombard. people have to be patient. >>> you've driven around lately, pam. it might go unnoticed if there is so much construction. good morning. good morning to you at home if you are driving 580 westbound. you will see traffic is busy on 205 and 588 already. in fact, an early start for monday. people up and adam here. no problems once you make your way into livermore and no problem with the dublin interchange. traffic 580 westbound beginning to slow a little bit. a crash at seminary and it's also and

u.s. midterm elections to undermine president trump's tough trade policies >>> and residents in northern mariana islands are bracing for months without electricity the strongest storm to hit the u.s. this year the super typhoon crossed over the territory in the western pacific ocean earlier today. it has been a bad, bad weather year that is our news update this hour, guys back downtown to you jon? >> thank you, sue. >>> coming up, chip maker amd taking a hit after reporting a weak outlook the stock down just over 14.5% >>> and look at how other chip stocks are reacting as they suffer the biggest drop in ten years. "sawaly"s ckext. narrator: he claims to be an education reformer, but marshall tuck's failed record managing actual schools won't work as superintendent of public instruction. as ceo of l.a.'s partnership schools, the teachers gave tuck a vote of "no confidence." and tuck's total mismanagement of l.a. charter schools caused financial problems that cost taxpayers thousands. tony thurmond. the only candidate endorsed by classroom teachers. holding all our schools accountable and always protecting neighborhood public schools. tony thurmon