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First Move with Julia Chatterley

Russians Suffer Losses as Ukrainian Forces Advance in South; Swedish Police: Nord Stream Pipelines hit by "Detonations"; OPEC Plus Agrees to cut Output by 2 Million Barrels a day; Ukrainian Officials say Russian Missiles Hit Zaporizhzhia; Aptera Solar-Electric car reaches 30,000 Pre-Orders; Elon Musk's Takeover isn't a Done Deal Yet. Aired 9-10a ET

Aired October 06, 2022 - 09:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

[09:00:00]

(COMMERCIAL BREAK)

ELENI GIOKOS, CNN HOST, FIRST MOVE: Welcome to "First Move", I'm Eleni Giokos. I'm in for Julia Chatterley. And we have developing stories to

bring you today. And we start with an appalling mass killing, at a nursery in Thailand.

At least 36 people have died, including 23 children and that's according to authorities. The killer identified as a Former Police Officer took his own

life. We'll have the latest in just a moment.

And Kim Jong-Un is keeping tensions high on the Korean peninsula. North Korea firing two ballistic missiles into the sea as the U.S., South Korea

and Japan hold a military exercise. It's the North 24th missile test this year.

But first Ukrainian officials say a number of Russian missiles have struck the Southern city of Zaporizhzhia. And they said the attacks on Wednesday

night and early Thursday morning killed one person and injured seven others including a 3-year old child. Meanwhile, President Vladimir Zelenskyy says

Ukrainian forces have liberated more settlements in the south of the country.

Joining me now we have CNN Fred Pleitgen in Kyiv. Fred, good to see you, Zaporizhzhia, the region of Zaporizhzhia is one of the four areas that was

a next recently by Russia and now we're seeing these attacks. Could you tell us what is going on?

FRED PLEITGEN, CNN SENIOR INTERNATIONAL CORRESPONDENT: Yes, Zaporizhzhia clearly is under attack the City of Zaporizhzhia region. Of course, one of

the things that we have to let our viewers know is that you have the town of Zaporizhzhia. But you also have what's called the Zaporizhzhia old

blocks, which is a whole region of Ukraine.

And that's what the Russians have said that they've annexed however, of course, they don't control all of it, specifically, this city that they've

struck with these missiles both overnight and in the early morning hours of today.

And you know some of the videos that are coming out, they're out of Zaporizhzhia, they're just absolutely tragic. The aftermath of all of that

seems as though some of these missiles have leveled large parts of very big residential buildings, you were just alluding to the fact that at least one

woman was killed in those strikes, several others were wounded.

And you could see the rescue crews there in Zaporizhzhia. Trying to get people who are trapped under the rubble out it seems as though that was

something that took a very long time. And then the early morning hours of today, we got another alert from Zaporizhzhia, with the local governor

there, saying that there was another missile strike and that the city was under attack again.

So a devastating situation there in Zaporizhzhia, it really seems as though the Russian military is trying to strike targets from a long distance. We

also heard similar reports of Odessa of the Russians. They're not using missiles, but rather kamikaze drones, most of which the Ukrainian say have

been supplied by Iran.

But at the same time, you do have the Ukrainian saying that they are continuing to make gains both in the east of the country, but then also in

the south of the country as well. And that's sort of the area where Zaporizhzhia is located. But there's another town called Kherson, which the

Ukrainians are sort of trying to move towards.

And in total, the Ukrainians have said in the past couple of days in the south of the country, they've managed to win back about 400 square

kilometers of territory. So that's a big chunk of terrain in just a couple of days.

So right now, the Ukrainians clearly believe that they have the momentum on their side but the same time as the video the pictures that you're seeing

on our screen right now show. Certainly show some devastating strikes that the Russian Military is able to carry out, Eleni.

GIOKOS: Yes. Fred Pleitgen in Kyiv, thank you so much for that update. Now Ukraine says Russian forces are trying to move wounded troops and damaged

equipment as they suffer losses in the south.

CNN, Nick Paton Walsh, traveled to two liberated villages to see what has been left behind. We want to warn you viewers may find the images in his

report disturbing.

(BEGIN VIDEOTAPE)

NICK PATON WALSH, CNN INTERNATIONAL SECURITY EDITOR (voice over): We don't leave our own behind a Russian war slogan. You hear less these days,

especially along the road south by the Dnieper River, where the Russians seem to be collapsing since the weekend on yet a third front.

WALSH (on camera): The pace of Ukraine's advance you can feel on the road here. Hour by hour that they move forwards this road lines with Russian

bodies, abandoned Russian positions. It's clear people left here in a hurry.

WALSH (voice over): In just the last three days, they've swept along the west bank of the river through Russian positions, the shallow shabby

foxholes of an army with almost nothing at hand. Even what little they hand was abandoned, especially this tank, a model that first came into service

60 years ago, when Vladimir Putin was 9.

[09:05:00]

WALSH (voice over): Here, the village of Mykolaiv, right from the river is getting cell phone service for the first time in six months. And aid shell

slammed into here 90 minutes ago from the Russians still across the water. It's the price of their freedom.

UNIDENTIFIED FEMALE: The Russians would check on us she says, tried to make us vote in the referendum, but we didn't. Still we survived. We old people

always have food supplies. Outside the village and more of the short lived occupation left in the tree line with a sleeping mat and shells.

WALSH (voice over): In nearby Luba Miska, there was heavy fighting Saturday and then Sunday the Russians just vanished gratitude for aid and liberation

going spare to almost anyone. Smiles at it are over and shock how fast.

It was very scary, we were afraid. She says hiding. They were bombing, robbing, we survived. They ran, the rain came and they ran signs all

around, of how their unwanted guests just did not know what to do when they got here. Have food or beds. So they filled that gap with cruelty. Andrei

had a generator and would charge local's phones.

So the Russians decided he was Ukrainian farmer and beat him. They brought me from here and they put a hood on my head and taped it up, he says. Then

we walked a few steps up and down. They beat him so badly. His arms turned blue from defending his head. Still there, months later.

Stalemate had torn these huge expanses up for months. Now it's broken, as has the fear of the Kremlin's army here bereft abandoned, filthy and

vanishing down the road. Nick Paton Walsh CNN along the Dnipro River, Kherson region, Ukraine.

(END VIDEOTAPE)

GIOKOS: To Thailand now where a mass killing at a childcare center has left at least 36 people there including 23 children. It happened in Nong Bua

Lamphu province in the islands Northeast. And I want to warn you, this video is disturbing.

The killer who used a knife and a gun has been identified as a Former Police Officer. After he murdered his wife and stepson he took his own

life. Selina Wang joins me now. Selina, horrific, tragic story! What more are we hearing from authorities?

SELINA WANG, CNN CORRESPONDENT: Well, we've learned from the police that this 34-year old Former Police Officer had actually been dismissed from the

police force and those hours before the shooting, he was actually appearing in court on drug charges. We're learning from the police that he went to

the nursery at around noon time armed with several different kinds of guns and a long knife.

Police, that he went to this child care center looking for his 2-year old stepson he could not find him. He managed to get into a room where 24 kids

were sleeping. He started stabbing and shooting at the kids and the staff members. Police say all but one child died in that room.

After that we have learned from police that he drove home.

In the meantime, on his way back was running into bystanders when he got home. He first took the life of his own stepson and his wife before killing

himself. Now authorities had released a most wanted man notice and poster for the man before he killed himself.

The prime minister in Thailand has expressed his condolences in the videos at the scene you can hear and see the family members weeping and sobbing

ambulances and medical workers at the scene.

This is a profoundly troubling, devastating tragic time for Thailand. This tragedy occurred in a part of Thailand in Northeastern Thailand that is

quiet and tranquil. It's not known for violence while the rates of gun ownership in Thailand are relatively higher than other parts of the region.

Mass shootings are rare.

And we're still waiting to learn more information about the motive of this man. But again, we do know that he's a Former Police Officer. The police

have also told us that he does have a history of drug use, Eleni.

GIOKOS: An unimaginable horror. Selina Wang thank you so very much. All right, North Korea has conducted its second missile launch of the week at

fire two short range missiles into its Eastern waters just two days after it's sent a missile over Japan.

[09:10:00]

GIOKOS: Today's launch also comes after the U.S. redeployed an aircraft carrier near the Korean peninsula. Paula Hancocks has the details for us.

(BEGIN VIDEOTAPE)

PAULA HANCOCKS, CNN INTERNATIONAL CORRESPONDENT (voice over): As North Korea continues to break its own missile launch record. South Korea says

trilateral naval exercises are back in its waters. The U.S., South Korea and Japan holding drills to track and intercept missiles. A response to the

North Sea launches.

ANDREI LANKOV, PROFESSOR, KOOKMIN UNIVERSITY: What is the impact of all this, you know, American aircraft carriers cruising around Korea pretty

much nothing. It will probably make some people in the United States and Republic of Korea a bit happier, but it will have zero impact on North

Korea's behavior and decision making.

HANCOCKS (voice over): North Korea blame their recent flurry on the U.S. Thursday, calling them just counteraction measures against last week's

U.S., South Korean naval drills.

ANTONY BLINKEN, U.S. SECRETARY OF STATE: It will only increase the condemnation, increase the isolation; increase the steps that are taken in

response to their actions.

HANCOCKS (voice over): But the United Nations Security Council hearing this week suggested Pyongyang is not isolated while the U.S. blamed Russia and

China without naming them for enabling North Korea. Russia and China blamed the United States for increasing tensions a schism that benefits Pyongyang.

CARL SCHUSTER, FORMER U.S. NAVY CAPTAIN: Kim Jong-un is doing what he thinks you can get away with. He's not expecting any kind of strong U.S.

reaction is learning the South Korean government and the U.S. government know that he has significant capability.

HANCOCKS (voice over): North Korea is expected to continue capitalizing on geopolitical turmoil, an underground nuclear test expected at any time if

it happens most likely after the Chinese Party Congress. So it's not to anger its main benefactor, Kim Jong-Un also released a 5-year plan less

than two years ago, he appears to be working his way through that list.

HANCOCKS (on camera): This leads many experts to believe that this cycle of testing will continue, especially as Kim Jong-Un knows that he is very

unlikely to face any more U.N. sanctions, while Russia and China are in no mood to side with the United States. Paula Hancocks, CNN Seoul.

(END VIDEOTAPE)

GIOKOS: Right straight ahead, Swedish police trying to establish why the Nord Stream gas pipeline started leaking. We'll have the latest thoughts

and what the White House and Russia saying about plans for OPEC+ to cut oil production that's all coming up after the break stay with CNN.

(COMMERCIAL BREAK)

[09:15:00]

GIOKOS: Welcome back to "First Move". Let's take a look at what U.S. Futures are doing right now the number of Americans filing new claims for

unemployment benefits increased last week from the previous week as you can see futures pointing down three tenths of a percent.

Meantime, the Federal Reserve is monitoring the job market closely as it works to get inflation down, which has of course been sticky for the past

few months and the oil markets prices little change today, after OPEC Plus agreed to lower production by 2 million barrels a day there's a

controversial move for many Brent crude is down three tenths of a percent.

It's the biggest cuts since early 2020 when the COVID pandemic began our President Joe Biden calling this decision by OPEC Plus to slash oil

production "Shortsighted". In a statement, Wednesday, the White House said at a time when maintaining a global supply of energy is of paramount

importance, this decision will have the most negative impacts on lower and middle income countries that already reeling from elevated energy prices.

It comes as Swedish police reports that their findings on the leaks in the Nord Stream gas pipelines have revealed new information. Clare Sebastian

joins me now, Clare, good to see you reading about some of these revelations is that they found that Nord stream 1 and 2 had been detonated.

And of course, we're starting to get a little bit more information on whether this in fact, could be pointing to sabotage.

CLARE SEBASTIAN, CNN CORRESPONDENT: Yes Eleni, the suite of security police has now finished their crime scene investigation of the leaks in the Nord

Stream 1 and 2 that happened in the Swedish exclusive economic zone of the Baltic Sea. And they say that their findings indicate that this was caused

by detonations, they caused extensive damage, and that strengthens their suspicion that it was, "gross sabotage".

They're not at the moment pointing the finger at anyone but while they have finished their, on site investigation, this is not over yet. They say that

there were certain seizures, things they took from the site that is still under investigation, and they will have to assess whether anyone could be

prosecuted on this later.

But meanwhile, as we have been reporting, the entire region has been put on notice people are stepping up security around energy and other

infrastructure. And everyone really has a vested interest in getting to the bottom of this. Listen to what the Finnish Foreign Minister told CNN's Isa

Soares on Wednesday.

(BEGIN VIDEO CLIP)

PEKKA HAAVISTO, FINNISH FOREIGN MINISTER: When you look the magnitude of the disaster, what has happened, it's very likely that the state or state

like organization is behind these activities. These are not these are not made by militants. So I think it's very important that we try to get prove

who is really behind it.

(END VIDEO CLIP)

SEBASTIAN: He also said that Russia is one of the suspects, although they obviously don't have proof of that yet. And Russia, meanwhile, has been

responding to this really trying to discredit the investigation. Both the Kremlin and the Foreign Ministry saying that Gazprom which is the majority

owner of these pipelines has not been invited to be involved in this investigation.

The Foreign Ministry Spokeswoman Maria Zakharova, suggesting that this means there is something to hide. But look, there is no proof as of yet.

But Russia is clearly preparing the ground by discrediting this investigation to deny all involvement.

GIOKOS: And Clare, OPEC Plus deciding to slash oil production, the U.S. very vocal about the fact that they believe it's going to be problematic in

terms of energy security, but the Russians, not surprisingly, responding positively to this move.

SEBASTIAN: Yes, Russia needs oil prices to be high now more than ever, frankly, because their budget is so stretched by the war, especially with

this mobilization and by the sanctions that the West has imposed. And they want it to be clear that their involvement with OPEC Plus is one of the

levers that they can pull in this energy war.

So the Kremlin today, saying that OPEC and the OPEC Plus format have confirmed their reputation as a responsible structure that ensures

stability in international markets. So look, this is clearly a price tug of war. On the one hand, we have OPEC cutting production. On the other hand,

the U.S. says that it might be you know releasing more oil from the Strategic Petroleum Reserve.

Meanwhile, we also have the EU adopting a new sanctions package that paves the way for a potential oil price catch on Russian exports. Russia, though,

says that it won't supply oil to any countries who comply with that which could of course, bring prices up. So it's a very delicate balancing act but

clearly Russia again, making it clear that it feels it still has cards to play in this.

[09:20:00]

GIOKOS: Absolutely Clare Sebastian always good to see you thank you so very much. Right, joining me now is Alex Irune; he is the Chief Operating

Officer of Oando Energy Resources. Alex, always good to see you! I have to say I think over the past day everyone has been wondering why OPEC+ would

choose to slash production.

And it's pretty striking that this is the highest levels that we've seen since 2020 Russia responding positively. And some are saying that this is

going to have enormous geopolitical ramifications at a time where relationships specifically between the U.S. and Saudi are important. Do you

think simply put, this was the right decision?

ALEX IRUNE, CHIEF OPERATING OFFICER, OANDO ENERGY RESOURCES: Hi Eleni, thanks for having me on. It's always good to be here. I think volatility is

bad. I think we can all accept that. And one of the things OPEC has in place to do is curb the effect of volatility, especially in the

environments that we see currently Global Markets.

I think if we go back in time, I don't believe this cut was surprising or is or shouldn't be surprising. OPEC, when we saw the slump and activity

during the pandemic, we saw a $7.9 million barrel caught from OPEC numbers. We then saw consumption increased significantly over the next six quarters,

you know, taking, you know, outstripping demand by about 1.5 million barrels at the time.

Now, the Russia, Ukraine crisis has created, you know, a tight market, we've seen some level of equilibrium return. But at the same time, we've

seen OPEC also release another 1 billion barrels back into the market. Now, what the OPEC members are saying is there is an imminent glut, we see we've

seen price soften over the past few weeks, up until the announcement.

And in truth, you want to perhaps protect another collapse, because I think that will be bad for the entire world, as opposed to focus, I guess, on the

short term, you know, issues around, you know, inflation, etcetera, etcetera. But we can we can talk.

GIOKOS: Yes, I mean, look, and it's such a good point, right, because that is the sticking points inflation where's that going? OPEC is saying they're

predicting demand destruction, perhaps similar to what we saw, during the pandemic. I want to talk about what Nigeria is doing right now you

obviously have operations there.

Nigeria hasn't really been able to meet its quota, or what are its allowances, but then again, all OPEC members are not meeting that quota.

We've got a graph that shows that that gap. Why is Nigeria not able to meet its production capacity?

IRUNE: Later, then, the main point is, like you said, all of that members are struggling to meet that, you know, that capacity. And in practical

terms, if you look at the cut that OPEC just put on it's almost equivalent to the performance in relation to its ambitions, right? So there is some

practical application, that means you know, perhaps the cuts are negligible or not real in some regard.

But we go to Nigeria; Nigeria has had a few challenges in recent times, with pipeline vandalism and sabotage. And what the government has done

alongside the national oil company is focus on the issues that are causing this. And instead of sudden task force and investment to push, you know

these perpetrators out of the region.

And obviously apprehend those that can they can catch but move us from a current production of was about 900,000 barrels a day back up to closer to

a 0.25 million, 0.5 million in that region. So the authorities are working, you know, harder mess, and we believe we will start to see some positive

impacts in the very near term.

GIOKOS: Yes, so Alex, the other interesting narrative that has emerged from you know, pulling Russia out of the oil market. Is that other oil producing

countries, specifically in Africa, or that have reserves would be able to fill that gap down the line?

Frankly, it has been one of those sorts of bright spots that we've been talking about on the continent, but never really been able to fulfill at a

global level. What do you think will change now, where Africa has this opportunity, African countries have an opportunity, but countries like

Nigeria, for example, case in point aren't able to even meet their quotas?

IRUNE: I think there's a huge opportunity for Africa to play a more strategic role in a long term, mutually beneficial energy plan.

[09:25:00]

IRUNE: I think this is how almost look at the energy ecosystem we believe that Europe currently is perhaps in a tight spot with regards to strategic

decisions made decades ago. I think the pipeline from Africa into Europe would have suddenly been an alternative. And then we can consider how far

down south that pipe pipeline carries on.

We've seen results found in Mauritania, and other areas that make that ambition, you know, certainly more viable. And we see other African

countries that can plug into that. So I believe the conversations have started, I believe progress has been made on certain fronts.

Certain on the virtual pipeline model on the LNG model, we're seeing more shipments into Europe to support the situation out there, but in general,

look, Nigeria for is a gas province, with a little bit of oil. We have a significant role to play in that journey. And we're certainly really

willing and the government and --.

GIOKOS: I want to quickly talk about oil prices, right for sitting around $90 a barrel. When do Nigerian producers want to see oil where it's not

going to mean crisis mode? Because we've been talking about this breakeven level, you know, for certain countries? Where do you want to see Brent

crude, because we're saying now OPEC Plus decision might actually cause an energy crisis of a different kind?

IRUNE: I think the levels today will probably be maintained for the till the end of the year. I don't believe that it's an issue of breakeven or

not, I think that the issues are multifaceted. There are suddenly the requirements for investment, we've seen very soft prices from 2014 to about

2017, before prices started to rise.

And then we saw the pandemic common take up a lot of that game. In that time, the investment required ensuring the reserve replacement ratios that

drive energy consumption layer on the demand and supply side, create enough energy for us to all consume, we've seen those distorted.

And that investment must go back into where it needs to be.

This is not setting aside gas as a transition fuel. This is not setting aside the renewable ambitions of even the OPEC member countries who are,

you know, dedicating significant amounts to renewable projects around the world. So for us, it's less about where we want to see it. I think it's

more about how we maintain one, reduce volatility, reduce volatility across economies that are dependent on oil and gas.

Secondly, is how we drive the investment ambitions of all the countries, you know, and these sometimes require us to have, you know, the commodity

within a certain limit or within a certain price range.

GIOKOS: Yes, I enjoyed how you evaded migration on a specific price point, Alex. Brent crude is sitting at almost $93 a barrel. I know that you had a

tough time during the pandemic like most oil producers, but we'll continue this conversation soon and hopefully also in person.

Alex Irune, thank you very much for joining us always good to see you. And still to come, fighting on the front line of former Ukrainian Government

Minister goes into combat against Russian invaders. We speak to him that's coming up next.

(COMMERCIAL BREAK)

[09:30:00]

GIOKOS: Welcome back. Now Ukrainian officials say a number of Russian missiles have struck the southern city of Zaporizhzhia. They said the

attacks on Wednesday night and early Thursday morning, killed one person and injured seven others including a three year old child.

Meanwhile, President Volodymyr Zelenskyy says Ukrainian forces have liberated more settlements and the south of the country. My next guest is

Volodymyr Omelyan. He's Ukraine's Former Minister of Infrastructure. And he's been fighting on the front lines alongside his countrymen since the

war began.

Mr. Omelyan, thank you very much for joining us. I want to talk about how successful Ukraine has been in its counter offensive holding on Kharkiv.

We've seen incredible gains there, Kherson region as well, we also hearing that the Russians are losing ground.

And then we also have the news of what's happened in Zaporizhzhia. Could you break down for us what we've seen over the past few days?

VOLODYMYR OMELYAN, FORMER UKRAINIAN MINISTER OF INFRASTRUCTURE: Thank you for having me back. And I'm very happy to be with you as well. Concerning

Ukraine, definitely we have very good counter offensive operations right now. And Russians do retreat, but it takes our lives.

And in response, Russians simply kill as much civilians as they can with missiles and Iranian systems they got just recently from Iran. And

definitely, it's a bloody war. But we know what we are fighting for.

And we shall to ourselves and to the west that democracy should be ready to fight for its principles and values. Russians did understand that they

cannot conquer Ukraine; they cannot go farther as they dreamed of Poland, Baltic States or even rest in Europe. But battle is still going on.

GIOKOS: Could you explain to us what is happening in the regions where Russia has now annexed where they're not fully Russian controlled? And

frankly, where there's a counter offensive? Do you feel that the rules of engagements have changed?

OMELYAN: Russia turned out for everybody much weaker that all of us suppose it to be. And it's our biggest advantage maybe during the course of the

war, but Russians are trying to influence by any instrument they can reach. So it's not only military means but it's also economy.

There are threatening a world not only with nuclear war or nuclear plus on nuclear power station, but also with the - world hunger or anything else.

They also sent a lot of propaganda messages and sometimes even the smartest people on the earth turned out to be telling the Russian words and ideas.

It said but still, we are doing well and even occupied territories as of today are shrinking for Russia. And we have even joke in Ukraine that

somebody is asking for the map of Russian territory and - are asked in response what is the date for this maybe you're asking for, meaning that

every date territory is getting smaller.

[09:35:00]

GIOKOS: Since the announcements of the partial mobilization, have you seen anything significantly changed on the ground, specifically on the front

lines?

OMELYAN: As they lost almost all its professional army, right now we are fighting with like a second wave or the third wave of Russian army. But

they take by numbers. We already see newly mobilized soldiers from Russian side in the battlefield, but not too many of them as of today.

More will come for sure. And we expect that by the end of this year, beginning of next year, Russia will try to make another attack on Ukraine

at the largest scale, definitely, if we are not supplied with enough weapons from the west.

GIOKOS: So you've been fighting since the war began, you gave up your job and you went into the front lines. You know, I remember the conversations

at the beginning where Volodymyr Zelenskyy was saying, we need more weapons, we need more assistance, how have things changed for you for the

people fighting? And could you give me a sense of morale?

OMELYAN: We are very much encouraged by the support we receive from the west. And we are very grateful for that because it's one thing to fight

like a one man standing. And definitely if different status when you fight together. Morale is very high.

And people do understand that it's not the end of the war, when we will simply restore our borders. This is about Russia to be denuclearized. And

it's about Kremlin to be destroyed or getting much weaker as it is today.

GIOKOS: And very quickly, how long do you think this is going to last? I know you're sounding optimistic morale is very high. I guess there's a

prognosis that this is going to be many years in the making.

OMELYAN: You know, for Ukrainians, it's more than 100 years' war, frankly saying, and I believe this is the last episode of this war, which will take

another year and I hope 2023 we will end the collapse of Soviet Union, which started in 1991.

GIOKOS: Sir thank you very much for your time.

OMELYAN: Thank you.

GIOKOS: Thank you for your insights, and we wish you all the best, thank you sir. Take care. All right, coming up after the break, an idea that was

ahead of its time and now the technology is catching up and astonishing car with an astonishing history, the Co-CEO of Aptera is up next.

(COMMERCIAL BREAK)

[09:40:00]

GIOKOS: Welcome back to "First Move". Let's take a look to see what markets are doing right now. It's opened mostly flat and that's after day all major

indices closed in the red. As you can see, we were down slightly on the Dow.

New data today is showing that initial jobless claims in the U.S. rose last week, shares of peloton are up and that's after the company announced 500

job cuts. That's about 12 percent of its workforce. So you can see up 1.65 percent.

And then Pinterest is jumping after Goldman Sachs raised its rating on the social media company. It's up over 5 percent. Now, moving closer to

reality, a solar electric car which looks like something out of the Jetsons just clocked up an important milestone this three wheeled wonder is the

Aptera.

It's being developed in the U.S. and its makers claim it can drive for 1000 miles on a single charge. That's an industry record. Now on top of that

solar panels over most of the bodywork mean that for short journeys, it doesn't need charging at all. The latest prototype, the Gama went on

display last month, and the aim is to get a production vehicle on the road by the end of the year.

The company says it's had 30,000 pre orders from customers in over 100 countries representing over a billion dollars of income. It is a story of

perseverance for Steve Fambro, Aptera's Co-Founder and Co-Chief Executive. Thank you, sir, for joining us. It is exciting to see this. I was reading

the story. And I'm thinking is this the end of the combustion engine? Are we one step closer?

STEVE FAMBRO, CO-FOUNDER & CO-CEO, APTERA: I think so, I mean, with our latest video that we published here, the showing or solar production

starting to ramp up. It's just one step closer for sure.

GIOKOS: Alright, let's talk about how this vehicle works. And you've had a lot of orders coming through. Could you give me a sense of how you're able

to commercialize this; we know that you're currently in gamma phase, what does that mean realistically?

FAMBRO: Gamma is the last phase of development before production intent. So the Delta product vehicle, which will be coming out next year, will be

completely production intent off of production tooling made with production processes.

And right now and until that time, we'll be working on our supply chain, getting all those parts in inventory, getting the systems working and

talking together so that we can actually scan material as it comes in and build the vehicle.

So right now, what you don't see is all the work that's happening behind the scenes to make this a production, ready products, supply chain,

inventory management, ERP, all those kinds of things.

GIOKOS: I mean it is quite exciting, I think of sort of the normal automotive space and original equipment manufacturers and just what kind of

parts they require. Could you break that down for us in terms of what the Aptera would need, and the supply chain is the value chains that you'd need

to start tapping into?

FAMBRO: Well, the big thing, and you can see by the shape of it, it's very efficient. And that means it uses very little energy. So what that means

for supply chain is we're using far less batteries to get the same amount of mileage as a typical electric vehicle.

In terms of the body, a typical automotive body and wide - car has several hundred parts. Our vehicle has six main structural parts. So our supply

chain is actually smaller than a typical car. Because we use fewer cells, fewer batteries and fewer parts in general, because of the composite

design.

GIOKOS: You also seem to be breaking a lot of records in terms of how far this vehicle could go and also exciting where you have people already doing

pre orders. Could you tell me about some of these clients or the businesses as an impersonal capacity? And where will this vehicle be shipped to you?

FAMBRO: Yes, anyone can go on our website aptera.us and preorder, reserve or even invest in the company. Now we've got about 35,000 pre orders. It's

almost one and a half billion dollars' worth of product. And an overwhelming majority of those 30,000 are just in North America.

So we've got people in Germany, Switzerland, Australia, but we've got our work cut out just to deliver the ones that we have in North America first.

GIOKOS: Is there enough sunshine in Germany to keep this vehicle going? I'm wondering where I am in Abu Dhabi, I'm sure I'd be able to, to consider it.

I want to talk about the problems right. So you've got to have good battery efficiency. You've got to think about how you're going to recharge. Could

you take us through those issues that you've been dealing with?

[09:45:00]

FAMBRO: Well, the issues really are with any small company producing a vehicle. It's, you know, how do you ramp up? How do you hire fast enough?

How are you fundraising? How are you doing all these things that you have to do and staying on track.

But I would say, in terms of things like batteries, you know, our, our problems are fewer than a typical company, typical EV company, because our

battery just has to do less work, right? It's doesn't have to work as hard. It can be smaller, has fewer parts, it costs less.

And I think that's one of the things that make our vehicle so attractive is that you can go 400 miles on a single charge with the middle of the road

battery pack, you don't even have to miss expensive auction.

GIOKOS: Very quickly, how much does this vehicle cost? Is it cheaper than me going and buying a combustion engine vehicle or a normal EV?

FAMBRO: Well, absolutely. I mean, the cheapest one is around $29,000. And that'll go 250 miles on the charge. And even with solar, you may never have

to plug it in. So you'd be able to go to Dubai and Abu Dhabi back and forth --price one charge. GIOKOS: Very interesting. Look, there's a lot of sun to

go around here. So I'm sure it'll keep those vehicles going, Steve, really good to see you. Thank you so much. I wish you all the best. Much

appreciated for your time.

FAMBRO: My pleasure, thank you.

GIOKOS: All right, and still to come on "First Move" Elon Musk says he's back into buying Twitter but could he still be heading for a cold battle,

the latest details coming up after the break, stay with CNN.

(COMMERCIAL BREAK)

GIOKOS: Welcome back. Now records released by Britain's Parliament's show Liz Truss's successful campaign to become prime minister was fueled by

donations from the financial sector.

More than half the money she raised linked to hedge funds Venture Capital and financials, the kind of people most likely to gain from her removal of

a cap and bankers bonuses and a reduction on the top tax rate which produced a storm of disapproval.

Meanwhile, soaring inflation is hitting many low paid Britons hard. Nina dos Santos has the details.

(BEGIN VIDEOTAPE)

NINA DOS SANTOS, CNN CORRESPONDENT (voice over): After a disastrous reaction to her government's budget, the pressure is on for Liz Truss to

balance Britain's books.

LIZ TRUSS, BRITISH PRIME MINISTER: The political debate has been dominated by the argument about how we distribute a limited economic pie. Instead, we

need to grow the pie so that everyone gets a bigger slice.

SANTOS (voice over): She's already U-turned on tax cuts for the rich but with billions more to be saved. Choosing where to trim is politically

tricky in a country already facing stark inequality. At this Food bank in South London staff say that they're seeing more and more people rely on

their services just to meet their everyday needs.

[09:50:00]

SANTOS (on camera): This is one of the richest cities in one of the world's biggest economies. And after years of biting austerity, anemic wage growth,

and now rampant inflation, there's little tolerance here in places like this, with further government spending cuts.

UNIDENTIFIED MALE: There's a lot more people coming, there a lot more people shuffling, but I'm never ever, ever in my life, thought there should

be --.

UNIDENTIFIED FEMALE: No mortgage and I'm really worried.

SANTOS (voice over): Mariana is among millions of Britons reliant upon benefits to top up their earnings to cover housing costs or to compensate

for disabilities that keep them out of work, a welfare state under pressure from a new PM that won't say if such payments will keep pace with soaring

prices.

UNIDENTIFIED FEMALE: It will be difficult for me to manage the situation if I don't get help from the government.

SANTOS (voice over): Meanwhile, middle income families could be pushed into poverty too, thanks to rising mortgage costs sent spiraling by the budget

itself.

JAMES SMITH, RESEARCH DIRECTOR, RESOLUTION FOUNDATION: We've seen interest rates at the short end rise by about a percentage point since Liz Truss's

mini budgets and all that will mean is that the impact of the cost of living crisis will hit. Those are middle incomes and not just those are

really low incomes.

SANTOS (voice over): The advocacy body Citizens Advice reckons 53 percent more people now need this type of help versus at the start of the year. And

the food bank, they're seeing that trend firsthand.

REBECCA DAY, LIVING WELL BROMLEY: It's not your --homeless, don't like coming along to a food bank anymore. We are seeing working people come to

the food bank. We're seeing people who are getting to the end of the month and they can't manage to pay for their food. We have families that are

coming along which we never had before.

SANTOS (voice over): As bills increase, locals are also donating less. Food Bank itself has half the number of bags that it gives to each family.

SANTOS (on camera): Do you think that the UK Government really understands the predicament that some of the people who use your services face?

DAY: No. I mean, it's just been shocking. I'm appalled by the government and their reaction. I would really welcome to invite maybe the Prime

Minister and the Chancellor down here because I don't think they get a true picture.

SANTOS (voice over): Nina dos Santos, CNN, London.

(END VIDEOTAPE)

GIOKOS: Elon Musk's takeover of Twitter isn't a done deal just yet. The Tesla CEO told Twitter this week he wants to go ahead with buying the

company at the price originally agreed and call off a looming court case. But the two sides still haven't formally settled the legal standard.

Paul LA Monica joins me now. They haven't completely settled in terms of what this legal standoff is going to look like. So I wonder, could we

possibly see a U-turn again, I'm starting to get major whiplash from all the decisions and the lack of decisions from Elon Musk.

PAUL R. LA MONICA, CNN REPORTER: It is dizzying Eleni? Yes, as of right now, October 17, is when the trial is set to begin? There is a lot of

speculation and chatter that both Twitter and Elon Musk will try and come to terms on the deal really being official before then in order to avoid

the trial.

But the last we've heard from the judge is that the trial will proceed as planned, because there has been nothing done legally to stop that process.

So I don't know if that means Musk changes his mind again and decides to not go through the deal and go to trial.

I think we probably get a formal agreement signed. But yes, it's just a lot of head scratching, I think in Silicon Valley on Wall Street about this.

GIOKOS: That's exactly what's happening right. And look, I'm also looking closely at the Twitter share price, which has been really volatile based on

what Elon says and doesn't, but also here's sort of what he's been doing on Twitter lately. And the thing that he's been saying has also been very

fascinating. Paul, describe what people are saying about what Twitter would look like owned by Elon Musk. MONICA: Yes, there's a lot of speculation

about what a Musk-lead Twitter would look like. He has talked about a sort of Uber app potentially called X that could be the kind of social media app

to rule them all, if you will.

What that exactly would look like remains to be seen, but there are definitely questions about how Twitter could change under Musk, would Musk

relax some of the content moderation rules in order to allow what he would see as more free speech on the platform.

Will he bring people that have been kicked off like Former President Donald Trump back to Twitter you know, that an open question. And also Elon Musk

made a case you know legally that he didn't want to do the deal because he was concerned about the number of fake accounts.

[09:55:00]

MONICA: He's got to get that under control because unless he really wants to stop having Twitter rely on advertising and moved to a subscription

model, how do you tell advisers come to Twitter, it's this great social media platform. Disregard everything I said and quote about all those fake

accounts.

GIOKOS: Yes, lot of contradiction and hypocrisy there. Paul La Monica always good to see you. Thank you so very much. And finally on "First Move"

a SpaceX capsule is closing in on the international space station after successful launch from Florida on Wednesday.

The foreman in the crew is expected to reach the ISS later today. Those on board include Nicole Mann, the first Native American women to go to space.

Alongside her is the first Russian cosmonaut to ride on an American space craft in 20 years.

Another American as well as an astronaut from Japan are joining them. Also onboard a - resembling Albert Einstein to show a weightlessness had been

achieved fun times. All right, that's it for the show. Thank you so very much for watching. I am Eleni Giokos in Abu Dhabi. "Connect the World" is

up next.

(COMMERCIAL BREAK)

[10:00:00]

END