tesla, dr horton, united to name a few. with that in mind, we thought we'd play a little game of -- >> trade it or fade it. >> that's right, america's favorite game. let's start off with united airlines. karen, what do you say? >> i'm going to fade it. not popular right now. stock has had a big rebound. i just think that if things are slowing down, that demand will slow and also that balance sheets are going to have two refi a lot of debt much higher. >> steve, what do you say? >> i'm going to say trade this one. so trade it. there you go. and this one has outperformed the rest of the group. it's been trading between higher and lower bands on the chart. it's currently at a lower end of the band. so i think this one could actually rally probably another 20, not super aggressive, but as i said before, people are spending money in certain places. now they're spending it at the airline, and all the current stuff we are seeing are tailwinds for the airlines. >> let's move on to dr horton, trade it or fade it? >> some people said

tesla leaders say like other carmakers, tesla has been doing with covid-19 disruptions and a computer chip shortage. tesla's delivery numbers show 36% growth over last year, but only about 201,000 cars were delivered in that second year. >>> another crazy day? of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ >>> they ran and they walked for healthcare in the south bay today. >> more than 1600 people got their running shoes to participate in the second annual stars & stripes community run. and, they are off. you can see the runners filling the streets of downtown san jose. the 10k run and 5k walk was put on by green energy. the benefits go to the valley medical center foundation. spo

tesla, amazon, meta, apple, nvidia weighing on the nasdaq. small caps down almost 2% as well and the dollar continues its march higher there are the laggers right now on the nasdaq. the chinese internet names getting hit hard on the week long shut down new covid concerns in china. new big part to have day's selloff overall. there is tesla down 6.5% coming up on today's show as well, tony dwyer breaking down whether we have seen a bottom in the market or the bottom in the market plus, a rare interview with marathon manage mment bruce richards we'll ask him where he is putting money to work right now. he was on a few months ago and bearish. warning of recession then. let's get straight to the market stocks pull back following last week's rally mike santoli here to look at the recent performance defensive stocks, that's really the only groups that are, woulding today utilities and real estate now health care just turned negative >> yeah. it's consistent since we steered away from inflation panic to worries about the durability of economic growth

apple, nvidia, meta, microsoft doing well and tesla is rallying, too. joining us now for a preview is senior analyst garrett nelson. we know the delivery, they came in line. what do you expect to seep from the margins that could drive the stock? >> we're a little bit more concerned about tesla's quarterly results this time. they have a good track record, beat 10 of the last 11 quarters but q2 presented unique challenges that will weigh on their bottom line. we're at $1.48 for the quarter the consensus is $1.80 the impact of covid on their shanghai factory as well as startup costs related to the two new factories, one in austin and the other in berlin, we think will weigh on their bottom line. their outlook for the year they ended on a strong note, it was the strongest in company history. we think investors will be looking for more signs that momentum will carry over to the second half of the year. >> but do you expect that to happen because, if so, would you be a buyer on the stock even if you do expect bad news today because some of that news is from t

new filings of an investigation into tesla. how these accusations are similar to a past probe of the company. >>> and president biden is still working from home at the white house. but there's good news on a battle with covid. the latest on his symptoms. >>> and millions in the u.s. are still in the grips of a sweltering heat wave bringing the danger of wildfires and health issues. how long this heat wave is expected to last. >>> the news at 5:30 starts right now. thank you so much for joining us, i'm janelle wang. >> and i'm jessica aguirre. scorching all across the country in state after state, it's hot. tens of millions of americans are living under excessive heat warnings right now. some of those temperatures are approaching 110 degrees. nbc jessica aguirre yes, sir is tracking the heat from philadelphia. >> reporter: here in philadelphia we're looking for shade every chance we get because the city's heat health emergency has been extended to this evening. thankfully there is a cool down coming east. but in the west more da

>> when you take a look at tesla's market share, there are a number of people who believe i 2025, they will no longer be the market leader. we are starting to see erosion and the dominance in the u.s. market. this is data from motor intelligence first half ev sales and tesla's market share has dropped a bit from the first quarter but still, 71.4%, well ahead of monday, ford, volkswagen. look at the states where sales are strongest, no surprise they have picked up texas and california, they have two factories there and those guys are part of the dominant when it comes to rv sales. one out of every three are sold in california . also florida, new york and texas. texas share has dropped in 29 states but keep in mind, was basically at 90 for market share, so even though it's share has dropped, it stilled doubled in sales from the first half of last year to the first half of this year. sales are going strong but you're starting to see more models and that is why you will see marketshare start to erode. how much and how quickly it falls off, that is the debate in the industry right now. >> a

i'm michael o, coo tesla c e. o. e. lon. musk has dropped his beard to buy twitter. he's accused the social media network of withholding information about fake accounts. twitter plans to assume us to compel him to make good on the $44000000000.00 deal. ah, does the world's richest person have buyer's remorse. ellen musk decision to pull the plug on buying. twitter adds yet another twist to a saga that has gripped wall street. it's wanted to. busy crazy as business stories ever, and i think it started off as a circus show and attending as a circus. sure. the story started back in march when musk announced his intention to buy twitter and loosen it's free speech rules. the 2 sides reached an agreement in april with musk using his tesla shares to fund the take over as will of course, weeks later, he announced the deal was suspended. citing concern over the number of bots and fake accounts on the platform. twitter insists that less than 5 percent of its accounts are span, but must believes that number could be as high as 20 percent. musk also says twitter failed to provi

i'm michael o, coo tesla c o. e e e. lon mosque has dropped his bed to buy twitter. he's accused the social media network of withholding information about fake accounts. twitter plans to assume us to compel him to make good on the $44000000000.00 deal. ah, does the world's richest person have buyer's remorse. ellen musk decision to pull the plug on buying. twitter adds yet another twist to a saga that has gripped wall street. it's wanted to. busy crazy as business stories ever, and i think it started off as a circus show and attending as a circus. sure. the story started back in march when musk announced his intention to buy twitter and loosen it's free speech rules. the 2 sides reached an agreement in april with musk using his tesla shares to fund the take over as will of course, weeks later, he announced the deal was suspended. citing concern over the number of bots and fake accounts on the platform. twitter insists that less than 5 percent of its accounts are span, but must believes that number could be as high as 20 percent. musk also says twitter failed to provi

his vast wealth is tied up in tesla. if tesla is doing badly it really hurts elon musk. many people are speculating that he was looking for a way to pull out of this deal. it isn't really about bots or spam accounts, but about elon musk trying to get out of something that he agreed to. but the problem is he has already put pen to paper so it might be more difficult than he might have anticipated to actually get out of this deal. he says he loves twitter and is a prominent twitter user. he loves free speech and felt the twitter had lost its way. so he said this had nothing to do the financials, particularly, but about a product that he loved that had lost its way and that he was a free—speech absolutist, i think he said, and that he wanted to kind of protect free speech on twitter. the problem with that as it is a slightly naive thing to say because then he couldn't really define what free—speech was to him, how it was going to be moderated. he said it would be down to the laws in different countries. that is in protecting free—speech, then. it then got very difficu

. >>> still ahead, a verdict in a first of its kind case against tesla. why neither side may be happy.>>> inflation reaching the highest point in decades, climate change could be playing a role, heat taking money out of your pocket. >>> california, opposing wildfires seems to be paying >>> new details tonight in a brazen julie heist, jewelry. the load was bound for a show in pasadena, these reportedly broke the trucks lock at a flying j in kern county last week. the president of the international gem and jewelry show says he's in disbelief. >> the last thing we heard, the drivers parked in a remote area of the truck stop parking lot and left the truck unattended while they went to eat. the employees were too comfortable and complacent if they allow this to happen under their watch. >> is unclear whether the suspects followed the truck from the bay area or stumbled upon it by chance. brinks will reimburse clients for the total value that was taken, which it estimates at about $10 million. >>> tonight a florida jury has found tesla negligent in a fiery cras

. >>> still ahead, a verdict in a first of its kind case against tesla. why neither side may be happy.>>> inflation reaching the highest point in decades, climate change could be playing a role, heat taking money out of your pocket. >>> california, opposing wildfires seems to be paying >>> new details tonight in a brazen julie heist, jewelry. the load was bound for a show in pasadena, these reportedly broke the trucks lock at a flying j in kern county last week. the president of the international gem and jewelry show says he's in disbelief. >> the last thing we heard, the drivers parked in a remote area of the truck stop parking lot and left the truck unattended while they went to eat. the employees were too comfortable and complacent ifw their watch. >> is unclear whether the suspects followed the truck from the bay area or stumbled upon it by chance. brinks will reimburse clients for the total value that was taken, which it estimates at about $10 n. toght a florida jury has found tesla negligent in a fiery crash that killed two people but the panel also

objectively, tesla has lost their product edge. you look at the number of competitors out there who have similar or better world wore rank, similar or better charging speeds and are better qualities. tesla second to last in quality and british consumer outfit -- among the least reliable cars. i think the fact is, they lost their product quality edge, deliveries are declining. we talked about market share and china dropping from 17% -- europe dropping from 30% to 15%. but delivery numbers are down and that is a big problem. >> take it away, jean. >> thank you. there is deliveries up 27% year- over-year. that was a disappointment. tesla has been impacted by the macro. deliveries are up 68%. if you adjust for shanghai, it was up call it 32, 45%, something like that. still, deceleration for march. there is no question from our perspective the tesla is being impacted by the macro. i do have a different perspective. gordon, when it comes to where this ultimately will go. i will pick up on two points. the first is, this losing momentum, w

the social media giant blames the tesla ceo for missing it's financial targets, as they've battle over a bob's take over, keeps up. we'll get more from wall street. and is your according to many countries, we'll look at how the e was and lower its reliance on foreign imports. this is dw business. i'm christy plats, and in berlin. in a surprise, move volkswagen boss harbor dease will step down at the end of the next month. 3 years ahead of schedule. dease has been leading the car maker since 2018. he'll be replaced by oliver bloom, the current head of v. w subsidiary. portia, in a statement the company said, jesus departure was agreed upon by mutual consent or for more in this i'd like to bring in my colleague aaron, tell them from the business desk now. 7 and this resignation was not expected. why is this choosing to leave now? we're right. it definitely wasn't expected. and it comes at a slightly inopportune time for v w. but at the same time it was also telegraphed and you have a d. s. has been kind of in the hot seat for several months now when it comes to v . w. he has clashed in t

tesla is in china, why can't twitter be in china? emily: so you think of elon musk's does the deal as he promised and takes over twitter it could be an entree for twitter back into china? isaac: i don't think it will necessarily be good for twitter's bottom line. it was certainly change the way the social media platform works. we see tesla on one side which is heavily exposed to china. spacex on the other side, and twitter will fit somewhere in between. i think it's possible they might fit closer to the tesla model than the spacex model. emily: how optimistic are you about the future of tesla in china? isaac: i think it depends on how far musk is willing to bend. there's a lot of concerns in china about tesla as a national security right because of all the data it collects. i assume that musk will be happy to continue yielding to the chinese communist party with sharing data, with doing things like opening a showroom in a region in northwest china where upwards of a million muslims have been in concentration camps. i think we will co

in fact today being led by tesla. as a result the nasdaq 100, well above its 50-day moving average you can see right here and on its way, looks like to me, probably to 13,000 after it fill ad couple of gaps, it looks absolutely amazing. 9 the question, what happens when it get there is? we want to bring in the expert, mark newton is with us. mark, got to tell you, small caps have been phenomenal. we filled a couple of gaps an backed off like we normally do. 13, 12,500, 13,000 could be a key, but what do you see when you see this chart? >> i don't disagree. in a long term time frame we might go from 13,500, 14 in september. near term, it is big move right off the lows ahead of the tech meeting. tech is the leader in the move which is really encouraging for the market overall. i like the fact that tesla is making a minor breakout. charles: is it too early, too early to look far out at these two gaps, hey, ultimately we can even fill those gaps? >> i think it is too early for the time-being. i would wait, august, septemb

shares are on pace for the best month since the pandemic and later, we're talking tesla stocks up despite the declining margins as the company dumps most of its bitcoin holdings the ceo of binance, exclusive this hour coming up. >>> we'll kick off today's feed with amazon's big bet on healthcare this morning. the company announcing plans to acquire one medical for $18 a share, in all cash deal valuing the primary healthcare provider at almost $4 billion shares of parent company one life healthcare are skyrocketing on the news, up more than 65%. the deal expands amazon's growing presence in healthcare, adding depth to the company's offerings, like its online pharmacy, which launched after its acquisition of pill pack, and telehealth service amazon care but most notably yet another example of the company putting dry powder to work as tech valuations slump if this deal is approved, it would be amazon's third biggest acquisition, trailing only its purchases of whole foods and mgm. in all this news coming, of course, as amazon is seeing big gains recently, now on pace for its best month in ove

thank you very much. tesla ceo, ellen mosque has dropped his bit to buy twitter. he's accused the social media network of withholding information about fake accounts and threats up last su, mask to make him completes the 44000000000 dollar deal. ah, does the world's richest person have buyer's remorse. ellen must attempt to pull out of buying. twitter adds yet another twist to a saga that is gripped wall street and silicon valley. and it's one of the craziest business stories ever. and i think it started off as a circus show and attending as a circus sher ah. the story started in april when musk announced his intention to buy twitter a move 1st opposed by the company. they eventually reached an agreement with musk, seeking billions from other investors to fund his bid. but within weeks he said the deal was an ice citing concern about the number of bots and fake accounts on the platform. twitter states that less than 5 percent of its accounts, the spam musk says he thinks it's closer to 20 percent. the company isn't giving up without a fight. put his chairman brit.

if tesla is doing badly it really hurts elon musk. many people speculate that he was looking for a way to pull out of this deal. it's not really about bots and spam accounts it's about elon musk trying to get out of something that he agreed to. the problem is these are reported to paper. it might be more difficult that he anticipates to get out of this deal. he anticipates to get out of this deal-— this deal. just remind us briefly. _ this deal. just remind us briefly. why _ this deal. just remind us briefly, why did - this deal. just remind us briefly, why did he - this deal. just remind us briefly, why did he say i this deal. just remind us| briefly, why did he say he wanted to buy a three in the first place was back he said he loves twitter, he's a user, he loves free speech and twitter had lost its way. he loves free speech and twitter had lost its way.— had lost its way. he said this has nothing _ had lost its way. he said this has nothing to _ had lost its way. he said this has nothing to do _ had lost its way. he said this

welcome. teslas c e o elan must, has dropped his beard to by twitter. he's accused the social media network of withholding information about fake accounts. twitter plans to assume us to compel him to make good on the $44000000000.00 deal. ah, does the world's richest person have buyer's remorse. ellen musk decision to pull the plug on buying twitter adds yet another twist to a saga that has gripped wall street. it's one of the craziest business stories ever. and i think it started off as a circus show and attending as a circus show. the story started back in march when musk announced his intention to buy twitter and loosen it's free speech rules. the 2 sides reached an agreement in april with musk using his tesla shares to fund the take over as will of course, weeks later, he announced the deal was suspended. citing concern over the number of bots and fake accounts on the platform. twitter insists that less than 5 percent of its accounts are span, but must believes that number could be as high as 20 percent. musk also says twitter failed to provide enou

i'm michael ok. teslas t o e. ellen mosque has dropped his bid to by twitter. he's accused their social media network of withholding information about fake accounts. twitter plans to assume us to compel him to make good on the $44000000000.00 deal. ah, does the world's richest person have buyer's remorse. ellen mosques, decision to pull the plug on buying. twitter adds yet another twist to a saga that has gripped wall street. it's wanted to crazy as business stories ever. and i think it started off as a circus show and attending as a circus. sure. the story started back in march when musk announced his intention to buy twitter and loosen it's free speech rules. the 2 sides reached an agreement in april with musk using his tesla shares to fund the take over as well. of course, weeks later he announced the deal was suspended, citing concern over the number of bots and fake accounts on the platform. twitter insist that less than 5 percent of its accounts are span, but must believes that number could be as high as 20 percent. must also says twitter failed to provid

electric cars, twitter earnings tumble amid a fight with eli musk, the social he a giant blamed the tesla c e o for missing it's financial targets as a battle over a boss take over keats up. we'll get more from wall street. and is your, according to many countries, we'll look at how the e was trying to lower its reliance on foreign imports. this is dw business. i'm christy plats. and in berlin. in a surprise, move volkswagen boss hara dease will step down at the end of the next month. 3 years ahead of schedule. d's has been leading the car maker since 2018. he'll be replaced by oliver bloom, the current head of v. w subsidiary. portia, in a statement the company said, jesus departure was agreed upon by mutual consent offer more in this i'd like to bring in my colleague and tell them from the business desk now. 7 and this resignation was not expected. why is this choosing to leave now? we're right. definitely wasn't expected and it comes at a slightly inopportune time for v w. but at the same time it was also telegraphed and you have a t s. has been kind of in the hot seat for several mont

the social media giant blames the tesla c e o for missing it's financial targets as a battle over a box take over keats up. we'll get more from wall street. and is your, according to many countries. we'll look at how the e was trying to lower its reliance on foreign imports. this is dw business. i'm christy plats and in berlin. in a surprise, move volkswagen boss harold dease will step down at the end of the next month, 3 years ahead of schedule. dease has been leading the car maker since 2018. he'll be replaced by oliver bloom, the current head of v. w subsidiary. portia, in a statement the company said diaz's departure was agreed upon by mutual consent or for more in this i'd like to bring in my colleague aaron, tell them from the business desk now. 7 and this resignation was not expected. why is this choosing to leave now? where you are right? it definitely wasn't expected and it comes at a slightly inopportune time for v w. but at the same time, it was also telegraphed and you have a d. s. has been kind of in the hot seat for several months now when it comes to v . w. he has clashed

the social media giant blames the tesla ceo for missing it's financial targets. as a battle over a bob's take over, keeps up. we'll get more from wall street. and is your according to many country will look at how the e was trying to lower its reliance on foreign imports. this is dw business. i'm christy plats and in berlin. in a surprise, move volkswagen boss harold dease will step down at the end of the next month. 3 years ahead of schedule. deece has been leading the car maker since 2018. he'll be replaced by oliver bloom, the current head of v. w subsidiary. portia, in a statement the company said diaz's departure was agreed upon by mutual consent or for more in this i'd like to bring in my colleague aaron, tell them from the business desk now. 7 and this resignation was not expected. why is this choosing to leave now? we're right. it definitely wasn't expected. and it comes at a slightly inopportune time for v w. but at the same time it was also telegraphed and you have a d. s. has been kind of in the hot seat for several months now when it comes to v . w. h

tesla is up a quarter of a percent. here's the news. uber drivers in canada will now be able to rent teslas on a weekly basis through [inaudible] in toronto, vancouver and montreal. the program has seen popularity in the u.s. with some 15,000 uber drivers signing up to get into a hertz tesla. hertz has promised it will have some 50,000 of the evs in its fleet by 2023. by the way, quick mention here, tesla comes out with earnings on wednesday. goldman sachs's quarterly numbers, we told you about them. they show today that investment banking revenue was down 40% as 2021's record ipo boom fizzles out. with u.s. ipo activity dropping dramatically in the first half of this year, what does that say for the rest of 2022 and beyond? we're going to ask the chief architect behind google's ipo, way back in the day, that's next. closing bell 24 minutes away. dow is now down nearly 200 points. we are coming right back. you've got to watch these markets. they are rather fluid at the moment. like many families, the auburns value time spent together. t

>> i think it's apple and tesla. stuart: apple and tesla. >> those are barometers on consumer demand and zero covid issues. if we get through apple and tesla earnings better this year, i think ultimately that's fuel in the rally for broader tech because that's going to have huge ripple effects. stuart: are people predicting bad earnings report or disappointing, is that what they're thinking? >> i think the new york city cab driver is super negative on apple going into the quarter. stuart: important indicater? >> shows up what the setup in tech stocks, betting against apple, cook going to iphone 14 cycle. i think it's a bad bet and i think this is a stock that has a two in front of it. stuart: tesla, musk distracted by twitter and all the rest of it? >> look, i think that continues to be a black cloud over the tesla story. i think it's 100, 150-dollar a share. what we have seen lower price on twitter to 43. that's ultimately going to do it's a positive for tesla and i think for twitter it's a white-knuckle period ahea

. >>> coming up, tesla is losing its top spot in the world of evs. we'll tell you which automaker moved to the number one spot next. wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. through project up, comcast is committing $1 billion dollars so millions more students can continue to get the tools they need to build a future of unlimited possibilities. >>> california is changing how we access and share medical information. it is rolling out a statewide data exchange network. health and human services says this will give health care providers access to patients' medical information and records no matter where they are in california. that means if you have a medical emergency far from home, providers will be able to access your medical needs and history to provide better care. the state says the framew

slows possibly and uncertainty ramps up a look at what's next for two battleground stops we're talking tesla and amazon and transportation secretary pete buttigieg is here to discuss fixes for the overall airline industry following a holiday weekend that saw thousands of delays and cancellations. but first a check on the markets, kelly, which are off their lows of the session. >> they are, dom, and a break on the jet fuel front at least for the airlines let's run through everything else that's happening. we're about 300 points off the lows the nasdaq was down 216. it's currently up 55 it's the only major average in the green right now. and over in the bond market, major moves to report as well. the ten-year and two-year yields inverting. the ten-year, three-month yields i like to follow also following to almost one point from over two points earlier this year so on both fronts these yield curves have corrected sharply. crude making the biggest moves of the day breaking not only below $100 a barrel today but below 999 and now below 98 this could translate with what we're seeing in gasoline fu

i think they will get more directed and make more out of this tesla story. i think higher startings and lower after, just like last question. >> gene, i think you believe there's a long-term story here? what do you make of tesla? >> i try and be judicious and i just look at what i see as the bad. the facts are that the auto industry to $2.5 trillion market, and tesla has demand for their products. in the june quarter they life- supported 27% delivery, down from 67% in the march quarter. disappointing detail. when you adjust for shanghai, the growth would have been similar, 68%. the reason why growth is high despite the fact that it's been censored is that people want their cars. i don't know if the stock is going to be up or down after the report. but i do know demand for their products aught paces their ability to produce them. they can produce 2,000 globally and gm sold 7,000 electric vehicles in the second quarter. it's such a wide gap, i believe the company will find a way to produce more. i think it will be more than just electric cars and they can do o

now the social media company says it will su, tesla ceo, to make sure the agreement goes through for to modern reports. a $44000000000.00 deal to buy. twitter is now off the table. the richest man in the world, you are musk for these, terminating the contract, 3 months after locking in the agreement. he used the company of failing to provide information about fake accounts on the platform, and whether they make up fewer than 5 percent of users. twitters board chair says it kept its end of the contract as planning to sue. i think twitter probably would prevail in this. i would think simply because there are, there is a deal. know, he must, can get out by paying a $1000000000.00 fine or $1000000000.00. it's, but it's hard to find a $1000000000.00 penalty. and my guess is that that's what he's trying to prevent is not having to make that 1000000000 dollar payment for many. the focus now turns to stocks and whether twitter and tesla, which must owns, will take a hit by the investors. want to see must just get back to focus has the space x. because twitter from the beginning, you just rea

as we talk about tesla and i'm looking at the current share price. there are still a lot of people concerned of the twitter transaction and what that may mean for tesla shares and how much money and what damages could be paid. what is the latest chatter in anxiety of the overhang of stock related to that or is it out of price? >> let me give you sense within the auto community i don't think they think there is a lot of overhang relative to tesla. there may be overhang relative to elon musk and personal wealth and how much he has invested in tesla and that may be tied up with twitter we neceknew that early on that was an early story there. in terms of impact on tesla with the manufacturing or bottom line, i don't see the overhang being there or it will last. i chuckle, andrew, we have a tendency to throw up the tesla stock when we talk about twitter. there is a correlation there i do not see the overhang there with a long-term impact regardless of how it shakes out. >> my understanding, phil, if, in fact, the lenders who were supporting the transactio

tesla has a lot at its disposal, but the tesla's a more desperate sort of plier here, right -- player here, right? legally, he might want to strike a deal or find a middle ground on this. >> you said tesla, you mean twitter. neil: i apologize. >> you're right. twitter, and that's the sort of problem that twitter has. if elon is out of this deal, because there's no buyers. we reported this hundreds of times. there was all these stories about when he was pitching it initially that, you know, the private ec by firms -- they're not. neil: what about those other potential helpers? larry ellison comes to mind of oracle fame, that he was ponying up a lot of dough for this. they've got to be -- >> i don't know. they didn't give -- neil: i know. >> part of the deal, they were there to help. apollo was in for debt financing. neil: you're right. >> i think the thing is this, there are two parties here. one party has to prove that twitter actually did something extremely illegal. not easy, right? because they've been saying what their bot were in public feelings for -- filing for a long time. the

i check on tesla. i think it is the report card this week. you have to remember tesla bought 1 1/2 billion dollars in bitcoin last year. barclays says that is 460 million-dollar write-down on holdings. any impact to the bottom line they have to report. two year run of record deliveries is over because of the shanghai shutdowns. it will be interesting. i'm curious to see if the twitter hangover lingers over the stock with musk killing the deal now. ashley: yeah. yes, we'll see the next chapter in that story. susan, thank you very much. now i want to take a look at this headline, quote, five ways biden and his team can bring down energy prices and help struggling americans. karen kerrigan wrote that and she joins me now. great to have you this morning, karen. okay what are the five ways that they can bring down energy prices? >> well, we need to encourage production and development here at home and, the first way that we could do that is president biden can you know, encourage leasing and, on federal lands and offshore. so the policy signal fro

tesla down 1.4%, that snapped a hot run. if you look at the stock over the last nine days, it rose for eight straight days, the best run since march and suddenly dropped off to reflect the session on monday. there was a lot of information in there. let's bring in the key details. capex will be between $6 billion-$8 billion in the next two years, a slight revision upwards from $5 billion to $7 billion. elon musk called tesla factories money furnaces burning money to ramp up production. then you get the disclosures, the new sec subpoena relating to the original 20 arrangement between elon musk and the sec. the sec wants more information on what the company is doing to hold him to that original deal. there is the impairment on bitcoin. bitcoin was one of the mainstays of tesla's balance sheet over the first half of the year but it has had a rough start to the year. tesla registers $175 million impairment loss but they sold bitcoin in that period in order to, they say, preserve cash on the balance sheet because of what could be

we also got some interesting news on tesla's bitcoin holding. tesla you may remember made waves last year, when it revealed it had made a major investment in bitcoin. now, tesla has offloaded about 75% of its bitcoin holdings which at the end of last year totalled about $2 billion worth. >> that certainly sounds like a vote of no confidence. lastly, investors are standing by for the european central bank's monetary policy decision. in which it is widely expected to announce its first interest rate hike in years. what's the latest? >> it is a big day here in europe. european central bank was going to be the main event. now, the political crisis in italy as you teased a moment ago is sharing the spotlight with the central bank, so the european central bank is set to raise rates for the first time since 2011 today. there is some question over whether they will go for a 25 basis points or a quarter percentage point rate hike or do something a little more aggressive, like 50 basis points. but complicating things for the ecb is indeed the situation in

twitter and elon musk will have their first court hearing tomorrow in delaware meantime, tesla's back to 750. stay with us at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. when you need help it's great to be in sync with customer service. a team of reps who can anticipate the next step genesys technology is changing the way customer service teams anticipate what customers need. because happy customers are music to our ears. genesys, we're behind every customer smile. >>> welcome back to "tech check," i'm carl with john and julia. the nasdaq and tech are outperforming today at the top of the index, airbnb, nvidia, netflix, tesla, all ripping higher, up more than 4%. in a moment, we'll hear from the ceos of both lockheed and global foundries, surrounding the chips act as we take stock of the political realities there. first, though, a news update >> here's what's happening at this hour. another sign of a cooling hou

tesla shares are tumbling -- tell us how she is trading on the steel. we are live from the nasdaq markets. we start off with a countdown to earnings. markets eagerly waiting reports like pepsi, taiwan semi, broad markets ready to kick off with the nasdaq bite more than 2%. the dollars continues its eye- popping climb -- with the euro for the first time since 2002, so how much could that be impacting companies? >> wow. we have been talking about it over the last few weeks. microsoft announced it will be reported -- got our tennis up and they were specifically focused on the average effect of the strong -- very consistent with a lot of u.s. multinationals. you will hear a lot of companies talk about constant currency and they will try to avoid this recent surge we have had the quarter over quarter and year-over-year there will be a huge impact in a time we know there is inflationary pressure with the input costs of all sorts of things going on and you mentioned the situation in china. all of those things that you might have thought as we entered into the

well, tesla shows up again with the model x at number 5 in the model s at 6. the jeep cherokee 100 ridgeline, honda odyssey and the honda pilot run up the top 10 in that order. now tesla makes its vehicles at 3 plants in fremont, california. and another one in austin, texas. one major takeaway is that despite controversy about ceo elon musk, tesla is a thoroughly american carmaker. even its supply chains are mostly american. and in fact, tesla is the only major automaker to claim 100% domestic production for all the cars it sells in the u.s. that's well above the industry's average of 52%. net for the top 10 spots with vehicles built at its alabama plant. and interestingly, the american brands such as ford, chevy general motors. we're not in the top 2, despite claims from media and politicians that would make you think otherwise from the nasdaq market site. i'm jane king with your independence kay. report. that was really injured. forget ford, chevy gm. >> but honda's up there and tesla, so so james is driving american ivan acura, which is time to write is, an

tesla manufacture 258,000 vehicles. that's down from 305,000 produced in the 1st quarter. the drop is being blamed on an extended lockdown in shanghai and supply chain constraints. the situation also talked speaks to the importance of tesla's shanghai factory to its overall business. tesla has been working on getting manufacturing and delivering up delivery up to speed its 2 new factories. one in texas, the other in germany. coming up, a shooting in sacramento leaves a person dead and 4 others injured. what we're learning about the young man who >> lost his life. that's coming up. plus a sideshow of the lay home leaves 2 people in the hospital. the investigation is now underway. >> it sounded like a lot of gunshots. and now the sudden it went from remember him? >> plus, a person of interest now in custody in that deadly mass shooting at a 4th of july parade near chicago. we're going hear more from witnesses about what they saw in the middle of that chaos we continue to follow that breaking news out of illinois. a 4th of july celebration turned into chaos and confusion when

tesla is building a factory in texas, which is close to kansas. panasonic hopes to accelerate the supply of batteries to tesla. panasonic is working to establish cost saving methods at the plant in western japan, before making any final investment decisions. >>> suzuki says it will withdraw from two international motorcycle racing competitions, as it shifts its focus to developing green technologies. suzuki announced on wednesday that this would be its last season competing in the world endurance championship. the president of suzuki express his deepest gratitude to the fans in support of the company's team over the years. the companies are looking to achieve net zero carbon emissions. this is considered the top motorcycle series. suzuki's participation goes back to 1960. did lose a shot at the title in 2020. it is how the circuits, including le monde, in france, and suzuka, and japan. >>> now, next up, have the steak a new dinner plate may have landed there via satellite, and a smart phone. farmers in southern japan are testing a system to keep t

and in that quarter, tesla manufactured 250,000 vehicles. that's 47,000. less cars produced than they did in the 1st quarter, although it was right. pretty much right in line with expectations. the drop is being blamed on that extended lockdown that we saw the shanghai plant and its supply chain constraints. the situation also speaks of the importance of tesla's shanghai factory to its overall business. tesla has been working on getting manufacturing and delivery up to speed at those 2 new factories that have just launched in texas and germany. we'll see if those start making up the numbers. well, in other news this morning, what's 4th of july without competitive hot dog eating right? well, the annual nathan's famous hot dog eating contest returned to coney island after having to change locations these past couple of years because of the pandemic. michelle ross was there catching all the action and reveals if world champion joey chestnut was able to defend his title. >> an american holiday tradition is back at nathan's famous flagship restaurant in coney i

tesla down 1.4%, that snapped a hot run. if you look at the last nine days it rose for eight straight days, the best run since march and suddenly dropped off to reflect the session on monday. there was a lot of information in the session. capex will be between six billion dollars-$8 billion in the next two years, a revision upwards. elon musk called tesla factories money furnaces burning money to ramp up production. then you get the disclosures, the subpoena relating to the 2018 deal between elon musk and the sec -- and the fcc. there is the impairment on bitcoin. bitcoin was one of the mainstays of tesla's balance sheets but it has had a rough start to the year. tesla registers $175 million impairment loss but they sold bitcoin to preserve cash on the balance sheet because of the shanghai shutdowns. emily: elon musk in the headlines again, according to the wall street journal he had an affair with sergey brin's wife. sergey brin the cofounder of google. the journal reporting brin filed for divorce earlier this year. elon mu

china topped tesla in global sales this year. tesla was hit this spring by travel restrictions in china and many of the models are plug in hybrids. the company prepares for a push into foreign markets , including the united states. >>> amazon starts a new chapter celebrating its 20th anniversary . on this day back in 1994 jeff bezos incorporated the company . it has grown into the second largest company on earth and is worth $1.7 trillion. today he will step down as ceo . andy jesse will take over . >> that is crazy to think. >>> being on social media can have its drawbacks. >> there is an app trying to change that. morale encourages users to send a friend a compliment throughout the day. users can send and receive five anonymous messages a day. it is like a support network in your pocket. the goal is to reduce cyber bullying online. i like the sound of that. >> i wasn't invited. >> if i had an invite, i would invite you. i feel like you can already use social media for the . >> what i do is i will send something like i just want

longer term than for tesla the question around increased competition and how much tesla will be able to hold on to its appeal when the likes of bmw and mercedes and others enter the market and ramp up their own ev offering. >> elon musk, man in the news, he has that company and efforts to purchase twitter. it looks like twitter has won its first legal battle against musk. tell us more. >> he's a busy man, john. as for the twitter saga, yesterday it was one in the court of twitter. twitter yesterday won a motion for an expedited trial in the lawsuit against elon musk. this means that the musk twitter trial will take place in october. it's going to be a five-day trial and in the ruling yesterday, the chief judge for the delaware court who ruled on the motion, said the case should be resolved quickly, agreeing with twitter's claim that it could be harmed because of the overhang, because of the uncertainty, because of the limbo. this is a public company and the judge ruled in twitter's favor. so musk, he's going to have to face them in october and as twitter as said before, they think th

the tesla owner could face billions in he loses and will have to consider the pressure on tesla stock. now, there's a number of ways this plays out. twitter is in a tough spot. sources inside telling me that many are considering jumping ship, a roller coaster ahead of you. >> neil: thanks, kelly. kelly o'grady in los angeles. goes to charlie gasparino. he's following this closely. this could go a variety of ways now that we upped the legal ante. what do you think is next? >> it's a court battle. the stakes here are huge. let's just play this out a bit. if twitter is right, elon musk owes them money. a lot of it, right? if twitter says it gave them the necessary information, he has no basis, no sound basis that it's more than 5% of users are bots, that he's lying to get out of the deal, elon musk could face a court order to make him go through with the deal. that is a possibility. if you ignore a court order as i reported, you can go to jail. that is what he's facing. what they're facing obviously is if he's right about this, the bot information is more than what they're disclosing, th

neil: i'm saying doctor, there are more teslas, there are more tesla charging stations, right? go ahead. >> no. but not for long. not for long. we have the second biggest charging network in the u.s. is ours. we are investing strongly in, in europe, all over the world for charging. actually the standards are, the charging standards are getting closer. tesla is opening its charging network to our customers. we have been open for tesla since the beginning so this is the migrating and, and getting closer to each other. there won't be a, i say a competition of systems. there is no such system, no, because there are differences because if you buy a portia tigran, you can charge with 800-volts, you charge with 300 kilowatts, which is fastest charging possible and then you have those 400-volt systems like tesla in the mainstream which make different speeds of charging. there will be differences, differences for the customer. faster charging, more range, cheaper, more expensive, this is like in the conventional auto world, no? you have high performance cars and you have middle of the r

the focus now turns to stocks and whether twitter and tesla will take a hit or the investors want to see must just get back to focus on passive space acts. because twitter from the beginning just really been a distraction that's been overhang of stock mosques bid to take over twitter stuart controversy back in april. critics, we're concerned the tesla, c, e. o would promote misinformation on the popular social media site, especially on matters related to politics. and health. musk said the acquisition was about stopping censorship and offending freedom of speech. analysts say the billionaire may have experienced buyer's remorse, or is try to walk away. and the weight is contracts are structured, it's very difficult for buyers to walk away. they're there, these contracts are drafted with a hot to, to provide a high degree of certainty for the sellers. now terminating the $44000000000.00 contract will have to play out on the legal front. and social media will surely have plenty to say about it. patio office of the yan. i'll just hear it still to come on. al jazeera, dark dark day in th

now the social media company says that it will su, tesla seo. so make sure that the agreement goes through cutty lopez, hot ion reports. a $44000000000.00 deal to buy, twitter is now off the table. the richest man in the world. elan must says he's terminating the contract 3 months after locking in the agreement. he accuses the company of failing to provide information about fake accounts on the platform, and whether they make up fewer than 5 percent of users. twitters board chair says it kept its end of the contract and is planning to sue. i think twitter probably would prevail in this. i would think simply because there are, there is a deal now he must, can get out by paying a $1000000000.00 fine or a $1000000000.00 pets, but sorry, fine. a $1000000000.00 penalty. and my guess is that that's what he's trying to prevent is not having to make that 1000000000 dollar payment for many, the focus male turns to stocks and whether twitter and tesla will take a hit or the message. what is the must just get back to focus on passing space acts because twi

back in april. critics were concerned the tesla, c, e. o would promote misinformation on the popular social media site, especially on matters related to politics and health. musk said the acquisition was about stopping censorship and offending freedom of speech. analysts say the billionaire may have experienced buyer's remorse, or is try to walk away. and the weight is contracts are structured, it's very difficult for buyers to walk away. they're there. these contracts are drafted with a hot to, to provide a high degree of certainty for the sellers. now, terminating the $44000000000.00 contract will have to play out on the legal front. social media will surely have plenty to say about it. katya little visibly an i'll just hear you as secretary of state antony blanket, wrapping up a visit to bali for the g. 20 foreign ministers meeting tension between the western china has been front and center during the event on friday, blinkin spoke about the discussion that he'd had with china's foreign minister wang ye. i convey the deep concerns, the

first tesla's crypto impact. the company is out with a new s.e.c. filing reporting $170 million of impairment losses for the first half of the year that said, though, tesla also saw some gains from sales of crypto, approximately $64 million from that period other headlines, a billion dollars increase in the company's capital spending guidance, and news that a second subpoena has been issued related to musk's go private tweets back in 2018. tesla down slightly after a pretty good week last week he is a busy man, john. >> yes, and his -- the performance of his good decisions so far running ahead of his bad decisions, carl, and that -- and speaking of arbitrage, you know when you're talking about atvi, so much of dealing in tesla and some of these other ventures is how much faster are elon's good decisions running ahead of his bad ones? >> well, certainly the capex, relatively encouraging they were looking at 5 to 7 billion this year in the next couple of years moving that up to 6 to 8 and then, dee, we don't talk about spacex a lot in its prepublic li

. >> but he's worried things will only get worse now that automaker tesla has moved in. tesla's 600 thousand square meter gigafactory sits in a water conservation area, and consumes as much as a small town. >> you've got to bear in mind that there will be expansion and that will bring further influx. you've got the automotive supply industry, and a whole raft of people who'll move in, and they will all boost water consumption. >> at the luchsee lake, the moorland is parched. forester peter paulik has been watching the developments for 20 painful years. it makes him -- >> angry, frustrated, a bit sad. >> the official explanation is climate change although it's never been thoroughly investigated. but ground water here is being pumped out of the region. >> peter paulik tells us that a major part of that water goes to one of brandenburg's biggest tourist attractions, the tropical islands' resort. resort managing director thorsten christopher jung doesn't see a connection. >> just because we happen to be in the luchsee region, which has now dried out, i don't think we can tak