china is set to become the world s biggest retail market this year thanks to online spending. we explore why e-commerce remains strong in the region. first to the top story, tesla shares have plummeted after the electric carmaker announced it has reduced the number of hours it is producing model three sedans and model x crossovers. the move has added to concerns about demands that tesla s higher price and more profitable vehicles. tesla has gotten rid of the option for customers to order the vehicles equipped with entry-level batteries. ouring us now with more, correspondent. a breakdown for us and what you are hearing from your sources? reporter: workers at the tesla factory last week were concerned that layoffs were in the works, because they had heard concerns that productions would be laying off. last friday musk sends in a male saying he was laying off 7% of the workforce. this is the first time that layoffs are hitting production workers, not just salaried like sales an
telling the truth and maybe he s not, he doesn t belong on the supreme court. reporter: text messages obtained by nbc news suggest kavanaugh knew about a claim by debra ramirez well before it went public and tried to do damage control. that doesn t line up with his testimony last week. when did you first hear of ms. ramirez allegations against you? in the last, in the period since then, in the new yorker story. reporter: jamie roach was kavanaugh s roommate at yale and now a bay area ceo and friends with debra ramirez. do you believe debbie? yes, i believe debbie. reporter: roach says he believes the fbi will reach out to limb him as well. i saw a list yesterday that was produced and my name was on the list. reporter: today trump again defended kavanaugh and suggested men in general are being treated unfairly. and tonight a stunning update. two sources tell nbc news that the fbi could wrap up its investigation as early as tonight. marianne favro, nbc bay ar
john kelly has denied reports of that the white house is planning to remove rex tillerson and replace him with cia director mike on pao. global news 24 hours a day powered by more than 2700 journalists and analysts. this is bloomberg. emily: i am emily chang, and this is bloomberg technology. coming up, the bitcoin waiting game. the ceo gives his take on the volatility of the world s most traded cryptocurrency. shines onspotlight google. how will big tech respond? and a if i front ai at the front lines. how machines have affected social media. inhnology stocks rebounded thursday trading from the worst drop in more than a year. while the nasdaq is recovering, the dow staged the third triple digit gain in a week. where are we in the market cycle? our equity strategist joins us from new york along with our guest host for the hour, david kirkpatrick. gina, i will start with you. where are we? you said these stocks could be subject to rotation risks at the end of the year. is
but it will buy more time for negotiation with democrats on a longer-term funding plan. donald trump will deliver his first state of the union address on january 30th. paul ryan formally invited him today. he called it an opportunity to lay out the work that needs to be done for the american people. john kelly has denied reports of that the white house is planning to remove rex tillerson and replace him with cia director mike on pao. global news 24 hours a day powered by more than 2700 journalists and analysts, this is bloomberg. mike on pao. emily: i am emily chang, and this is bloomberg technology. coming up, the bitcoin waiting game. the ceo gives his take on the volatility of the world s most traded cryptocurrency. plus, the spotlight shines on google. how will big tech respond? ai at the front lines. how machines have affected social media. technology stocks rebounded in thursday trading from the worst drop in more than a year. while the nasdaq is recovering, the dow s
thank you for waking up with us. welcome to mornings on 2. it is saturday, august 1st, i ll claudine wong. i m paul chambers. happening now, b.a.r.t. is repairing a vital section of track near the transbay two, no service from west oakland and embarcadero stations. service will resume early monday morning. 80,000 riders who rely on the transit system on weekends must find another way around. made plans with my friends. so those plans are out of window? now they are out the window, of course. what this is addressing is some of the wear and tear of a system that s almost 45 years old. now, starting saturday, september 5th, b.a.r.t. will again shut down the transbay tube during the labor day weekend. both closures will allow b.a.r.t. to cross trains from one track to another from the west oakland station to the transbay tube. with these changes b.a.r.t. says if there is a delay they can move trains around easier and reduce the length of the delay. taking a look a