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>> a toyota camera and it's always dirty and more. and we are starting to catch the sunshine around the bay this afternoon so show you our temperatures so upper 50s for san francisco and for oakland looking at 67 in santa rosa. low 70s in san jose and mid 70s right now with that lirmore now now show you current winds so looking at breezy conditions at sfo and northwesterly winds at 15 miles per hour at sfo. looking at 13 in napa and 20 miles per hour winds out of the southwest and fairfield and through the afternoon and cool, cloudy and breezy conditions along the coast and mild and breezy conditions and heating up and warm temperatures with sunshine and typical live weather on the bay or coast. we'll see temperatures on the rise and we'll be heating up inland mid 90s saturday and nda ly froiles peur analong the coast this afternoon and evening so those daytime highs we're talking about 30 degree temperature difference from our coast to our inland spots, 91 in concord later on this afternoon looking at 71 in oakland and 64 64 for san

tesla has overtaken toyota as their world's most valuable automaker. shares in the electric car company have more than doubled since the start of the year, giving it a market cap of over $207 billion. but there is still a massive bolt in manufacturing numbers. in the first quarter, tesla only produced about 4% of the number of cars made by toyota. the genie has emerged from the biggest utility bankruptcy in u.s. history. the california giant has successfully completed restructuring and exited chapter 11. critics say the company hasn't fully addressed the daunting challenges it faces. the company says this is an important milestone, but it's work is far from over. jeff bezos' wealth has topped its previous peak. according to the bloomberg billionaires index, he is over 100 -- he is worth over 171 billion dollars, and that is after he gave up a quarter of his stake in amazon as part of his divorce settlement. his net worth has grown by over $56 billion this year alone. that is your bloomberg business flash. yousef? yousef: thank you for that, leigh-ann g

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a home right here on the corner so really got a good view you can see it crashing initially into a toyota prius this happened sometime around midnight at the intersection of south capitol avenue and belfast drive and you can see in there how it all happened. totals for parked cars have been damaged from this prius silver lexus still on scene as i showed you a gmc and an infinity minivan probably totaling a few of them hard to say we know that the driver

toyota sold more than 10 million vehicles and tesla just under 370,000.0. they are pinning big hopes on elon musk's business in japan 67 new coronavirus infections on wednesday. in tokyo they have topped 50 six days in a row and nearly 6,300 people have tested positive in a city of $14 million people. across japan more than 120 new infections were reported on wednesday. the top government spokesman said at this point it is not necessary to declare another state of emergency. >> the spike is largely due to the results of intensive testing from nightclubs. employees and those that had close contact with those have been widely tested. >> meanwhile the government's new panel of experts met for the first time t to assess t the effectiveness of anti-coronavirus measures. the government plans to simulate how the virus could be transmitted through the drop thes and will help to guide the government's ongoing strategy. some eu nations are lifting restrictions in places marked to be dealing with the coronavirus. france and greece are reopening their borders. they are

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enjoy more freedom in a toyota hybrid. see your toyota dealer or shop and buy online. all from the brand you trust. today and tomorrow. toyota. >>> good morning. it is 7:26. i'm anne makovec. a suspect is on the run this morning and an officer injured in hayward after an early morning incident. the chp approached a driver who was sleeping in a parked stolen car a bit after 2:00 a.m. the driver woke up and sped off. nearly ramming an officer. >>> all beaches local and state in california, will be closed starting tomorrow at sunrise. e os l state beach rkinlots. >>> and the oakland zoo says the next two months are make or break. financial troubles related to the pandemic could force it to close permanently. it has lost $2.5 million each month nce it was ordered to close in mid-march. >>> and there's brake lights westbound highway 4 so if you plan on traveling through bay point this morning, expect a slow ride we've got a crash there westbound right around willow pass road and it is blocking at least one lane. so a little slow there as you head on that westbound side buoy

that is $6 billion more than toyota. paulson after john achieved fame, he is the next big name money manager to quit the hedge funds -- hedge fund business. he is now converting his firm into a family office. the company had the assets of $38 billion in 2011. he will now concentrate on his personal fortune. -- wirecard extended loan facilities even though interest on the original deal had not been paid. coming up in the next hour, we will get more analysis. plenty more to come on daybreak asia. this is bloomberg. ♪ shery: welcome to "daybreak asia ." i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney. our top stories this hour, hong kong wakes up to a new reality with protesters detained under china's new security law. washington is pledging a strong response. the u.k. will offer citizenship to millions. lobo virus infections continue to rise with record new cases reported daily in the united states.

when you look at toyota, tesla worth more than 50% than toyota, toyota sold 10 million cars. tesla sold 375,000 last year. toyota sold more rav4s in the united states than tesla sold around the world. i don't know what point tesla gets to 10 million cars but there is strength and growth to come. >> go back to the financials for a moment, jonathan. i mentioned revenue, 6.4 billion. the stint was 5.3 billion. that is better than expected no matter how you slice it. in terms of earnings, couple things, always a little more complicated when you have the estimates all over the map, but on adjusted basis tesla is saying it turned a profit of $2.18 a share. adjusted for accounting purposes, when no adjustment looks like loss of 50 cents a share. i don't know how that works its way into the conversation we had earlier about the s&p 500. >> no question, connell. tesla's accounting has always been controversial. a lot of more traditional analysts have actually just called the company on the door, said look, this isn't right. this doesn't account to traditional method of accounting and

a company replaced toyota -- tesla replaced toyota as the most valuable carmaker. the internal combustion engines have powered autos for more than 100 years. the stock more than doubled to give tesla a market cap of $207 billion, $6 billion or than toyota. tesla's shares remain far below its traditional rivals. reports from germany say payments -- ape -- payments platform wirecard made suspicious payments to three companies in asia in 2018. there is a report from an auditor that says wirecard extended loan facilities even though interest on the original deal hadn't been paid. to the markets, what is going on in china? as we had to lunch break, shrugging off these moves by congress to put sanctions on chinese companies, and we are not quite sure, chinese entities at least. at the same time, investment communities are ignoring these signs that the central bank seems to be slowing down the pace of monetary easing. it is all perhaps good news and that is what investors are contemplating, signs of an economic recovery. that is chinese markets as we head into their lunch

maybe a toyota camry. we are monitoring developments here. we will check in again with you. in the next hour, have you have information, call hayward police or chp. >>> there are 19 california counties on the states coronavirus watchlist. that includes alano, santa clara and contra costa county. all the counties on the watchlist are told to scale back on indoor restaurant dining, as well as wine tasting rooms, family entertainment venues in museums. the governor is concerned about coronavirus infections, deaths and hospitalizations. the governor says the fourth of july holiday weekend will be a time when people get careless with social distancing. >>> governor newsom creates strike teams to make sure that businesses are obeying california's public health orders. highway patrol, and the states alcohol beverage control, counties that do not help enforce the health orders risk losing state aid. >>> california saw 5800 new cases yesterday. the governor had said 110 people died, close to the record high of 115, the highest number since june 10.ns are up percent from two weeks ago

causing that car to crash into several others, the owner of the silver toyota says she heard the crash from her home. >>and came out only to see her car destroyed in to help. >>a tiny little pieces. smashed inside. >>she said she didn't see the hit and run driver anyone else, but as the sun came up the next morning other people in the neighborhood woke up to their cars destroyed as well, this is a big surprise. >>because this is like was hit pretty hard. >>san jose police say no arrests have been made there are still trying to identify the people who fled the scene and they're now investigating if drugs or alcohol are involved because people on scene say there was a case of beer left on top of the stolen car. now the owners of these severely damaged cars have to pick up the pieces while they wait to find out who was responsible though that's difficult many are grateful. no one was seriously injured. there was a person outside of the core you see that person could says and the problem somebody. >>as police work to identify the hit and run driver they hope any other witnesses will come f

christopher: toyota, honda, nissan. toyota and honda in particular have been doing well in china. a lot of that has to do with the move -- a lot of buyers becoming second time buyers and becoming a lot more interested in resale value for their cars, and this is something that historically, toyota and honda have done very well that. shery: how much of that positivity could be offset by the japanese yen that continues to strengthen and has already broken through that 106 level in australia around 105? we continue to see strength. assuming 105we are for a long time. most of the makers in the market has that in their mind. it creates a slight headwind for them. fortunately for them, in china, most of the manufacturing happens in china. we don't have as much of a mismatch in costs and revenues. shery: does the supply chain -- haidi: does the supply chain disruption, the dislocation we signed the earlier months of the pandemic, still way as a concern weigh as ard? -- concern going forward? christopher: most of the automakers have gotten their house in order as far as manufacturing goes,

overtaking toyota after its stock hit a record high yesterday. the electric car maker currently has a market value of more than $207 billion. but toyota sold about 10 million more vehicles than tesla last year. and its revenue was more than 10 times higher. tesla's rise is tied to a bet it will reshape the industry. >>> president trump wants congress to pass another stimulus bill. in an interview with the fox business network, the president said he wants to give americans more money than the $1,200 democrats were already proposing. however, he does not support extending the extra $600 d wapo for re, head oneywatch.com. i'di >>> pg&e has emerged from the úu.s. history. bankruptcy in the company's exit comes one day after governor newsom signed a bill allowing the state to some day transform pg&e into a nonprofit public benefit corporation named golden state energy. last month they pleaded guilty to involuntary manslaughter stemming from the 2018 camp fire. the company also put $5 billion into a trust for wildfire victims. >>> if yowerehopito the

it now has a value of $207 billion, passing toyota's $201 billion. tesla produced 103,000 vehicles or almost 4% of the 4.2 million made by toyota. >>> tonight at 6:00, the governor is calling for no fireworks shows. but the mayor of a south bay city says no way. the reason he says it's safer to ignore the governor's request. that story and more tonight at 6:00. >>> is coming up next on "nightly news," ordering critical supplies online, but never receiving them. the new warping from the government after a spike of complaints. lester holt joins us in about a minute. >>> okay. we do this every week night for a couple of months now. finally, something good. our nbc bay area version of graduation. >> yes. as we do every night we want to honor our senior grads. congratulations to the very strong class of 2020. ♪ ♪ ♪ >>> tonight the record smashing coronavirus surge, arizona, california, georgia and texas hitting staggering new single-day highs vice president pence arriving in phoenix wearing a mask california reversing its reopening. nearly 10,000 ne

all the time i know that it went to one side that's where the fellow toyota got. i know result we knew it was good though i was in the room well the boy was laughing up above up a post with no i only found figure mine out the. both of them are difficult but they are. mind your left and you have it good and i'm going to i'll go on and then. march and i'm up here. i'm. about to. damage it in the. sedate. de land and. yet i haven't got government money and i'm home with one of the best but. yeah . and i'm wondering about my mother oh. i didn't know mike and yet i wasn't going to. do with them. and ended up with. some of the asylum a dozen number haha goodbye but i'm like well just like my mind i can get what i will get it down and read it like i'm not a supple amount i will for my muchmore alone long enough for him. to have the love all the way of him who knew me when getting up by you begin to get going you know you don't want the end of men just a little bit of the fun of my young lord come on this i do good looking behind my you good night to my car i don't know w

tesla has overtaken toyota as the world's most valuable automaker. shares have doubled since the sart start of the year worth $207 billion. in the first quarter they produced about 4% of the number of cars made by toyota. britain east financial regulators says firms should be preparing for a no-deal brexit. the financial conduct authority said a breakdown in talks could disrupt equities and derivatives operations. it is warning companies to have arrangements in place to continue to serve european clients. that is your bloomberg business flash. anna: the number of newer dale daily virus cases in the united states has topped 50,000 for the first time. areas including new york city and california are the latest to halt reopenings. china recorded just one new case it is a country seems to have brought its flare-up under control. derek, let's focus on the united states, shall we? the sunbelt. for a long time, for the last couple of weeks, that seems to have been the focus. is there any that she knows changes in behavior or reopenings is changing tide on t

any you know he's getting away from globalism and yet the fed is buying junk bonds or bonds from toyota involved wagon so how does that work you've got to remember we still have to bail out some of our allies and if you look over at germany they have this very large insolvent institution dream joint shrank. and this is all about helping to bail out door to green it's ok so it says quid pro quo capitalism and fraud i don't know. how to know what his pay day is for the us or he's just being you know may the law will go back to the fact that deutsche bank is the one who went to him all the money right right right there right that's right deutsche bank it's a bank or africa at blackrock the biggest asset manager in the world has handed the responsibility of buying assets for the fed they're even allowed to buy some of their own assets how's this couple right or if the ultimate conflict of interest is to buy their own assets with the exchange traded funds they create these funds that they put all these lousy bonds in and then they sell them on to the fan explain if you wanted to have house s

ahead, bigger than toyota. and how tesla could be bigger than the japanese auto giant wednesday, july 1. this is "worldwide exchange" here on cnbc >> welcome back and good morning. i'm brian sullivan it is 5:31 here is how your in investments and money looks right now. they are up 10 points. they are up 10 points in the green after major averages logged their best in decades and capped off a four-month win streak best quarterly performance back in 1987. s&p 500 up by 20%. nasdaq best gain since 1999. up more than 30% the russell 2000 gaining 25% since april 1. small cap best quarterly gain. in that time, a little company you might have heard about called apple carried the dow higher >> the second gains overall. the dow coming off the worst six months since the 2008 crisis, the s&p announcing the worst first half of the year where we have started our conversation with christopher ailman at calstrs. we asked what he thinks of the stock market after the wild first half of the year >> you know, it has been the most

the june sales numbers for toyota down 26.7%. that was weaker than the edmunds estimate of decline of 20.9% a little later on today we will get the full sales rate for the second quarter see where that comes in. also i want to show you this, earlier today, tesla passed up toyota to become the world's most valuable auto maker with a market cap of $209 billion so again, tesla, just ten years old, as a publicly traded company, it has surpassed toyota in terms of market cap and is the world's most valuable company. don't forget, we're likely getting tesla q2 deliveries some time tomorrow, if not shortly after that deirdra, back to you >> yep, incredible milestone, phil we look forward to those numbers. thank you. >>> still to come on the show, down on brad street set to go public the ceo will join us immediately following the first trade. big show is still ahead so don't awhe. >>> our next guest is driving diversity in investing with a gender-balanced fund investing model. west river groups michelle par joins us to talk about empower

automakers toyota they are also trying to to prepare for this they really are investing a lot of money into electric vehicles but they're just a lot farther behind the curve. what's it mean for tesla being a b s b 500. so they are now technically able to be in the s. and p. $500.00 they the requirement is that you have to turn a profit for 4 quarters in a row they finally done that when that actually will happen is a little bit unclear the decisions about as simply s. and p. inclusion are made by a committee it can happen at any time it could not happen it likely will happen but it's going to really depend on when this committee decides to include tesla and it is quite interesting though tesla is going to be the biggest company to ever join the s. and the s. and p. it's quite unusual for a company of this size it's worth almost $300000000000.00 now to not be in the ass and p. and this likely will get more people investing in tesla stock whenever you join the s. and p. $500.00 a lot of a lot of investors a lot of. asset managers who track the s. and p. $500.00 will end up buying the sto

, but toyotas failures work the sales of tesla so they are giving a much bigger evaluation. tesla is doing quite well in this unusual year of 2020. thanks so much for breaking it down. staying on the topic of jobs, our next guest is the director of talent acquisition at an e-sports company that offers a legitimate official platform for high school college gaming. he worked in various senior recruiting roles at facebook and airbnb. thank you for joining us. digging into the job numbers further, what is the picture you are seeing across the country as we see some jobs coming back but not necessarily new jobs, just jobs that had already been lost. >> thank you for that overview. from my perspective i see a continued decrease on the on to viewnt rate we have it optimistically. we arehis as a positive still above the pre-pandemic numbers and we have a lot of work to do. people i know on my personal network have now started to get roles and i could see that continuing to increase the next quarter. that said, cases are resurging across the country and if there is one thing ahead, i

. >>> tesla overtakes toyota as the largest automaker by market cap as shares of the automaker continue to rally. >>> we are seeing a lot of positives on vaccine trial and pfizer have yielded encouraging signs. many stages ahead after that the markets bouncing along on its homes that perhaps there might be some end in sight there might be on the boards for the uk it eclipse again by the french market and german stocks that continued to rally clearly the outperformance of the call we saw weakness during one point in the session konl trafts up less than a half a percent clearly relative to the trade, we are counting down to a whole set of reports from jobs on initial claims versus the nonfarm payroll report usually brought out on friday but brought forward due to the july 4 holiday. we've had huge volatilities in numbers where we saw a shift of jobs lost and jobs added and what it means in terms of the stimulus with a strong jobs report this time around. we might expect a vil more volatility today >>> gold has been a stronger trade. this morning at 1,770. a little selling in silver, palla

the person in the toyota was not hurt. >>> now to oakland where there was a memorial held today for the founder of a well-known motorcycle club. friends and loved ones gathered today to remember toby jean livingston, the founder of the east bay dragons. the group was the bay area's first all-black motorcycle club. forming a 1958, the dragons became known for their commitment to family and their strong sense of community. the club often organized charity drives and fundraising events. it livingston served more than six decades as the club's president. >> is founder and president, toby exuded the values he built into the clubs foundation. community, honor, family, and brotherhood. the dragons became a blueprint for countless motorcycle clubs, and toby became a leader to so many bikers around the world. >> livingston wrote a book about his life titled the east dragons mc and black panthers bikers out. he was 86 years old. >>> the debate over reopening schools rages on. coming up, protest at ck into s >>> then, the popular harley strictly bluegrass festival officially canceled. how organize

toyota that's been their leader in the past couple of years and if you look at the valuation of tesla would have $200000000000.00 it's worth twice as much as this ridiculous car companies forte if you're a chrysler and general motors but clearly wall street is not seeing tesla as a car company it sees tesla as a technology company also being involved in better reason and all electronic mobility or lecturing mobility but it's really it's been an amazing right that we've seen in the stock of tesla in the past couple of months no idea as quarter in new york thank you so much. dealing with the post covered economy will be front and center of germany's presidency the pandemic has put large parts of the blocks economy on hold impacting businesses and consumers alike on the agenda is a long list of tricky negotiations the e.u. is in the middle of budget talks and is guiding through its coronavirus recovery fund regionally germany wanted to put climate change at the heart of its presidency that was before the pandemic. earlier we asked massive hatch president of the german institute for econo

>>> the country becoming a market cap it's what toyota sells in two months we'll have more. >>> news for optimism. there is optimism about spending in the stock market. he'll join

tesla has overtaken toyota to become the world's most valuable car maker the company is worth $207000000000.00 u.s. dollars thanks to a recent share price rally the car giant has long passed us competitors g.m. and ford who have both seen fighting who have both been fighting a slump in sales. well u.s. president donald trump is dismissing allegations that russia offered a bounty to taliban linked fighters to kill u.s. troops in afghanistan he also rejected claims that his administration failed to take seriously intelligence relating to the allegations but the white house is coming under increasing pressure from lawmakers of both parties to provide answers . 3 american marines killed by a car bomb in afghanistan planted by the taliban the radical islamist group allegedly received a bounty for the april $29000.00 of tax that's according to a report by the new york times which details of money transfer from russian military intelligence services to a bank account linked to the taliban the american secret services have reportedly known about the transfer for months the allegations have set the whi

because i just mention toyota, i will remind you that yesterday was when we saw tesla past toyota as the most valued auto company in the world thanks to the rally it had already seen this year. it is close to tripling in market value so far in 2020. the stock trading around $1200 a share, that is about 73% of the average analyst price target. david: if you look at equity, it is not quite the same story. it is an interesting story. are they making any money? are they making a profit? kailey: that is the very key question. tesla has turned a profit thanks in part to subsidies because we are talking about electric vehicles. this quarter is going to be really key because if they do become profitable on a cap basis , generally accepted accounting practices, that means they could be eligible for inclusion into the s&p 500 index. profitability is going to be the key criteria that could get it into the index. i would just note that even if they break even, they still have a lot of cash on hand. it's cash pile is nearly four times as large now as it was during the start of 2019, about $8 mill

remember the toyota prius? well, a lot of other people had hybrids as well utilizing much the same technology as toyota, but when it came to selecting a hybrid, hybrids, toyota. and i think for a while it's going to be that same automatic reaction, electric, tesla. and it is going to be hard to break in, but not hard -- i don't think the challenge is going to be the vehicle, its appearance, its technology, its rage or its attribute. the technology is -- the problem is going to be opening people's mind that there is now -- there is now a wide selection of excellent electric vehicles available because what's happening and what may be the most important thing that elon has done is people aren't buying an electric vehicle, they're buying a tesla and it happens to be electric. >> they are the kleenex of the auto business. >> so the difference between -- yeah the difference, bob, between a tesla and, say, a chevy bolt is marketing then >> no. it's the baggage that people carry around in their mind, plus of course --

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tesla is worth more than volkswagen, toyota, and hyundai all combined. so, yeah, there's no other carmaker in the world worth nearly as much as tesla. what's the question mean? laura: the question really reflects just the conundrum that is facing markets right now, because when we look at tesla, it is a company with scant revenue and profit. but on market cap, it is the world's largest carmaker now. when we look at the profit side, its profits were about 10% of toyota's. so clearly when we see itsuations of 320 times forward earnings relative to 20 for a company like toyota, one has to wonder whether these frothy evaluations are justified. but from a broader market perspective, the risk is whether this shape in terms of the momentum in the stock will contribute to broader risk on sentiment with earnings coming. an exceptionally popular retail trade and that is contributed in part of the price action we are seeing. so if they do come out with a downbeat earnings expectation, that could actually shake this momentum we have seen on the retail trading space.

tesla equals to or greater than gm and toyota combined what exactly are we to take of that in terms of the market story these days sounds like there's some exuberance out there there's a reason why we're talking about tesla at the valuation it's at right now. >> if you're in the stock you have a different decision set than if you're out of the stock. you have to say at some point when do i monotize my gains. do i do it now and miss 10, 15, 20% upside or do it later. that's a good choice to have if you're not in the stock and you're saying should i buy tesla? you have to remember at some point this runs out of steam at some point there are no more buyers do you, the potential buyer of tesla, today, do you want to be that last buyer. the last man standing or woman standing when the music stops. for me, no way i wouldn't touch this with a ten-foot pole. if you have profits, my hat is off to john who is an excellent trader he will know when to take his money out. if you have significant profits, think about trimming them. this does have the hallmarks of a mania. you can't value it there's

largesttesla, now the vehicle company, surpassing toyota. tesla's estimated revenue for the year, 26.5 billion dollars billion,a, $234 suggesting many investors are valuing tesla more like a tech company than an automaker. emily: all right, we're going to talk about that right now. abigail doolittle, thank you so much. for more on tesla, i want to bring in cathie wood, ceo of ark invest, and a well-known tesla bull. stake, including 17% stake in ownership. the company is 103,000 vehicles in the first order, or about 4% of the 2.4 million made by toyota. does tesla deserve this? cathie: well, i think abigail did get it right. this is not an auto company for the it is an electric vehicle manufacturer, but tesla is evolving into both a ride-hailing company, which we think they will launch sometime this year with human drivers, and ultimately and autonomous taxi network provider. softwareh more like a as a service company, transportation as a service, then it is a vehicle manufacturer, although that is the starting point for their model. been: s

on earth toyota takes 10 million. the action of tesla makes perfect sense if it's a technology company rather than out t auto maker how about facebook a bunch of consumer package good pulled ads mark zuckerberg is going to meet directly with the organizations to meet directly with them bingo, stocks rallied more than 4% all these companies have compelling stories if the stock market is a casino, the high quality winners are like the blackjack tables, the games of skill, not purr chance. you do the work and study fundamentals and stay disciplined and you can make money over the long term however there are also the super speculative names that feel more like the roulette table or maybe they actually feel more like the sketch off lottery tickets that are preordain winners and lots of winners let me give you examples let's call it the pick six because these are all classic lotto stocks there are tons of single digit names i can't mention on air why? too tiny even the larger ones i find worrisome. first, there is workhorse

>>free money this morning tesla replaces toyota as the world's most valuable automaker and some apple stores or shutting down again because of the spike in covid jane king is live in new york with those stories and more hi jane. >>hey daryn good morning ted 2 steps forward one step back and here's apple re-closing 30 more stores as those cases to spike across the country so these reclose things will happen in alabama, california, georgia idaho, louisiana, nevada oklahoma apple has already reclose 47 stores in recent weeks as of those cases to rise in many other states facing delays of between 4 weeks and 2 months for mass production of its new iphone and this is apparently due to factory shutdowns and asians according to nikkei asian review apple has been heavily on the 5 g phone to help it compete with rival samsung which did unveil its own 5 g phone last year apple insider reports that apple is pressuring its production partners to speed things up and there's only 2 pictures of what is said to be the samsung galaxy s 20, the internet all abuzz over its copper finish every flagship p

>>the area automaker tesla is now worth more than toyota disney and coca-cola tesla shares hit a new record today above $1120 a share making it the most valuable auto company on the planet tesla is currently not on the s and p 500 list yet because it is not consistently profitable enough. >>meanwhile, major automakers are reporting their biggest drop in sales since the 2009 recession. companies such as general motors fiat, chrysler and toyota reported more than a 30% plunge in sales in the 2nd quarter car companies were forced to close dealerships for weeks to the pandemic sales were also hurt by record job losses and limited spending money also a factor in fewer sales more competition from car rental companies. they are selling existing fleets because of the travel slowdown. some credit analysts say it could take several years for the auto industry to recapture its pre pandemic sales numbers, wall street saw its best quarter in 20 years that's even as the u.s. economy flounders all 3 major indices shot through the roof while unemployment at more than 13%. >>so why is wall street opt

the ev makers propelled its market cap to $270 billion, dwarfing toyota's $200 billion. >>> roku getting a lift after peloton's app launched on the media streaming firm's platform. roku's u.s. users can now access a subscription based workout even if they don't have peloton equipment and i highly recommend the workout. >>> faux meat products maker beyond meat launching sales in mainland china through alibaba's market chain in sang hihanghai plans to expand to other areas. this allays wall street's concerns about their reliance on customers. >>> apple will close 30 additional u.s. stores this week including the last two still open in florida. the new closures are in addition to the 77 stores already shuttered due to the new covid-19 outbreaks in the u.s. shares of apple pretty much flat right now. >>> well, the markets are starting off the second half of 2020 on a high note. this after the s&p 500 saw a nearly 20% gain for the second quarter, making it the best quarter for that index since the fourth quarter of 1998. suntrust advisory chief market strategist said while history is only a g

it's tough work for the guys but that's not what fair always women are looking for these days ya pay a toyota get down here high stick or pull you out the times of change well you knew him but it's not you know when i was young it was totally different but i spend i'm good with spending today young women are mainly looking for excitement in the farrows doesn't have as much to offer them as denmark germany or france for example is strong enough i've got it here. more 10 son andreas is also a fisherman his generation in particular is affected by the shortage of women on the pharaohs andreas is single but many of his friends have partners from southeast asia. to the loss of a mother health often enough these days it's easy to find a beautiful young woman like you sit down on the computer click enter and they're right there on the floor and there's a big difference between welfare always on. with a filipino you go all around in circles loaded she cooks for leaves and does laundry for and loves them. while many fair always women are leaving the islands philippinas are arriving into taking their pl

and that's despite toyota selling around 30 times more cars last year and making revenues about ten times higher than tesla's. if you want to keep up with the main business issues, we have it all on the website and we have a feature for example on the problems the pandemic is causing for government tax credit schemes. go to this website. you can also download the bbc news app, of course. schools in england are expected to be told to overhaul the curriculum, stagger break times and group children into ‘bubbles' when they return to the classroom in september, according to guidelines set to be published by the government today. education secretary gavin williamson is due to announce the plans for getting all pupils back after the summer following up to six months at home and there will be a special press conference with questions from the public. the welsh government will announce today that pubs, cafes a nd restau ra nts will be allowed to re—open however, only licensed outdoor areas can be used. the welsh government says it will consider the use of indoor spaces at a later date. sir pa

the world's most valuable automaker the company's valuation of over $206 billion has now surpassed toyota for the first time. tesla shares hit a new all time high of $1,135. tech stocks pushed the nasdaq to another record close today at 10,154. it's up 95 points the dow fell 77 points the s&p 500 gained 15. . >>> coming up, a new dog breed just announced. but it might be a while before we see one in person. >>> kpix 5 wants to bring you the good news happening in the bay area. go to kpix 5.com/together. you'll find stories . >>> let's take a live look at the golden gate bridge where an unforeseen phenomenon has bridge officials a little perplexed. okay. you hear that? i think it's singing. but the bizarre whistling noise emanating from the bridge can be heard from miles away depending on how strong the wind is blowing. this is the result of gusts blowing through the new railings on the western side of the span. now the golden gate bridge district is launching a study on the noise so they can find a plan to muffle it. . >>> well, with fire works going off every night in the bay area, and i

. >> this morning's "eye opener" is presented by toyota. >> welcome to "cbs this morning." beloved is the word as you guys both know. memorial services began for john lewis last saturday in his hometown of troy, alabama. but today he will be laid to rest in alabama. you are looking at pictures from the ebenezer baptist church. we'll have more on that service in just a second. >>> we begin with the coronavirus story and the numbers are so disturbing. it's alarming new evidence of the rising toll of the coronavirus and a warning about the possible dangers ahead as schools are set to reopen. the number of americans who have died from the virus has now surpassed 150,000. over the past month, the deaths have risen at a steady rate. the u.s. reported more than 1400 deaths yesterday and that's the most since may 15th. that translates to nearly one person a minute. anthony? >> these troubling numbers, gayle, come as local school officials make decisions about how and when to return. dr. anthony fauci said its studies yesterday that children over 9 years old can transmit the virus j

avenue and belfast drive in san jose people on scene say the hit and run driver for smashed into that toyota. >>causing that car to crash into 3 others at least so a total of 4 parked cars, what seeming like to be damage from this pre us a silver lexus gmc in infinity minivan san jose police say no arrests have been made there are still are still trying to identify the people who fled the scene and are investigating a drugs and alcohol are involved the reason that is suspected is because people on scene say there was a case of beer left on top of the stolen car. >>that was left behind we talked with the woman who owned the pre is the car initially hit she said she was saddened by this we talked to the father of us of a man whose car was hit as well. >>a lot of people in this neighborhood just shocked as they had to see this destruction waking up this morning. >>we happened that world last night the about it they call him so they have all the information. this is a big surprise because this is like was hit pretty hard. >>they can see his son in that video to checking out his car and if people

. >>> it's not a toyota, so it's not me. my mom would be like, that or honda, that's the only thing you can get. >> i live here in new york city, so i don't need a car. if i did, i guess i would get that one. >> we're getting the ford bronco. that's what we're getting. i'm still on that one. >> oh, mona. >>> let's get right to the latest developments on the pandemic at this hour, beginning with "operation warp speed." >> pfizer has deedreof its clin injecting itround of volunteers with an eental coronavirus vaccine. biotech company moderna is doing the same and reporting positive results. the u.s. death toll is nearly 150,000. abc's megan tevrizian has the latest. >> reporter: this morning, authorities say covid-19 is killing one american every 1 1/2 minutes as deaths surge across the u.s. >> we are still seeing significant outbreaks occurring from birthday parties, graduation parties, family reunions. >> reporter: the coronavirus task force now identifying so-called red zones, urging 21 states with major outbreaks to put mo

car manufacturer tesla motors has overtaken japan's toyota to become the world's most valuabe automaker, worth $207 billion. tesla's shares closed on the new york s stock exchange on wednesy at a record high of $1,119. the price has risen fivefold over the past 12 2 months, and more than two and a half-times since the b beginning of the y, despite the coronavirus pandemic. tesla's stock prices have fluctuated in the past, due to a series of controversies. but it's attracted many investors with its one-of-a-kind models, which are ecofriendly and competitively priced. tesla sold just under 370,000. still, analysts say investors are drawn to tesla's status as the world's top electric carmaker and are pinning big hopes on ceo elon musk's business prospects. >>> the city of hiroshima is trying to bring some closure to families affected by the atomic bombing in 1945. ofofficials therere want to han over the remains of victims, who have been identified but not, yet, claimed. so they are making an annual effort to trace the families. officials sent the names of 814 victims to local governments

a silver toyota silver lexus gypsy and then a dark colored infinity minivans are still right now looking for the driver. the driver was traveling in a light colored buick along south capitol avenue that's when the crash happened right at belfast and that's what the destruction you're seeing, i mean it's quite a lot of destruction it's unclear if this is the why but they did say people on scene saw a box of modelo beer on scene on top of that buick and so right now they're looking at who is responsible for this in the meantime this neighborhood right here in san jose. they're feeling, pretty angry about it all. >>i take so long to pay off you know. cautious i'm imagining. there was a person outside of the core easley that person could says and that and i remember somebody. >>he could have been a deadly situation that's for sure right now they're still looking for the driver that driver took off from the scene so still no one knew of this man or woman. and so we'll be continuing to follow up with police this morning to see if they have an update for us, but at least you know we're getting

it's a toyota corolla in burgundy and they are still investigating this case. >>> up next at 5:00, knocking out racism. unique way an east bay boxer is helping kids work through heightened tepgss in our communities. >>> and record setting month for bay area home sells t. new average price to get the keys to a new house. >>> and we saw some 90s 20 start the weekend, but get ready for cooler changes which means we could be waking up to drizzle in parts of the bay area. a closer look when we come right back. california phones offers free specialized phones... like cordless phones. - ( phone ringing ) - big button, and volume-enhanced phones. get details on this state program. visit right now or call during business hours. get a load of my southwest cheddar cheeseburger. let menutaur make it a doubleeee, yeah! it's beautiful! say what? i said it's bea.... try my $5.99 southwest cheddar cheeseburger combo and make it a double for a buck more. order now with no contact delivery. and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing

toyota has unveiled it's very fifirst suv in it's long-runnin corolla line. nissan is also show casing a new suv equipped with the company's economic technology. the pandemic has quickly dragged down the thai economy. new car sales are down nearly 40% from a year earlier. >>> thousands of people in western japan have been ordered to evacuate after torrential rain caused a major river to burst its banks. officials in the chugoku region are having a tough time helping survivors while maintaining anti-coronavirus measures. one of the hardest hit prefectures on tuesday was shimane, where the largest river in the region overflowed, flooding large areas. authorities have i issued evacuation orders to more than 3,000 households. >> translator: a factory on the ground floor of my house was submerged. the water was up to my waist. it was very scary. >> in neighboring hiroshima prefecture, the intense downpours triggered a mudslide that destroyed a home. rescue crews recovered two bodies. hard-hit areas in the southwest won't see any relief soon. the search continues f