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person. it is like playing chess with a computer, you re never going to win. reporter: a worker inside the vehicle can take the wheel just in case. some drivers not thrilled with the idea of self-driving cars. i drive on the freeway so my concern would be them driving on the freeway. it takes a human element out of their decision of pulling in front of us. they see us as a vehicle not an 80,000 pound truck. other drivers out here today and they are the same feelings. they are not sure about the self-driving cars but they are so new, especially to our area being tested here. not too much information at this time but google is testing the self-driving cars in other states like texas and washington. reporting live, danielle miller, fox 10 news. google seasonal the only company testing the self-driving cars in san francisco in partnership with g.m. lyft projected that self-driving cars will be handling a majority of his company s rides within five years. the federal g ....
won t even start production until late next year. now while it s a good headline number, all those deposits, of course, are refundable. but jon, a lot of discussion about how many they can make, how quickly. how much money they have to make them, no matter what the orders are. i view this as an indication of interest, not necessarily of demand. i mean, this is a $35,000 car in a way that a starting price with 7.500 off if you get that federal subsidy. but the first one to roll off the line that people are waiting in line for, they might be $55,000 cars. it s not like these people went through credit checks to make sure they can actually afford that. and if they have to give the money back because they can t afford the car, so what. you look at luxury car sales in 2015, bmw, $346,000 and was number one. that s getting close to these numbers. so can they even make these this many. can all these people afford them? lots of open questions here. but very interesting inte ....
points. stocks now officially negative for the year. banks, the biggest loser of the day. now, yesterday we started with the bears and asked them if they were ready to surrender. we start off today with tim as the most bullish voice. did you buy stocks today? i feel the need to actually establish that what i have been is someone who says i don t think markets are cratering. i think we re in a very, very high volatile environment. which we haven t been for the last few weeks, or six weeks. we probably have sideways markets for most of the year. there s enormous amount of risk out there. having said all that, i m relatively hunkered down here. i think in the last four to five weeks we see where equities have rebounded dramatically. all the detail winds from extreme positioning are now over. the reality of earnings season is upon us. the move today in the japanese yen is disturbing. and there s nothing about this that was orderly. the good news here is i think that offer ....
amazon has three ceos now sort of. two division leaders officially getting the ceo title. they give you the promotions but never the raise. could that create leadership issues for jeff besos. i understand they both got prime memberships as part of the perkz. twitter is getting new board members today, moving on. there we are. but the stock is still sliding and we ll look at what other changes may need to be made to that social network. sfl nhl commissioner will join us live along with the stanley cup, it s here, to celebrate the start of the playoff season. the stanley cup, this will be the fourth or fifth time i ve ever seen it. aren t you lucky? we get to see it on cnbc, we like it. jackie is tracking all of the action for us at the nimex on this masters friday. good afternoon to you. dom chu says i have a masters t-shirt waiting for me. at the close, about a 7% surge in prices, it s sort of a tale of two surges, technicals and fundamentals. we had such ....
no deal, canadian pacific walking away from the norfolk southern bid after norfolk resisted talks forever. and another company reportedly enters the fray for yahoo!. the ted line for bids this week. stocks are looking to rebound for the worst week since february. alcoa due tonight. the president set to meet with fed chair yellen today to discuss the economy and wall street reform. and la and larry fink saying certain actionsi actionsi actionsi may lead to reduced spending and growth. an echo of what he s said in the past. right. i think that we re getting actual success in europe. no one seems to recognize that. i think three months from now, germany will say enough is enough. we want rates to go higher. germany will prevail. the numbers that i m getting, car registrations, employment, pmis from europe, they re all strong. i think this is a backward looking letter. really? yeah. other than japan. japan, i don t know. i can t figure them out. nothing seems to w ....