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Apr 25, 2024
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just remember how tesla really helped to reinvigorate the markets with its plan. meta potentially spoiling the party. but we have the opening in korea. as you mentioned, those earnings from sk hynix seem to be working their way into the markets. it is not just about how the company seems to be doing well with their advantage because it is seen as a leader any high-end memory chip market cor
just remember how tesla really helped to reinvigorate the markets with its plan. meta potentially spoiling the party. but we have the opening in korea. as you mentioned, those earnings from sk hynix seem to be working their way into the markets. it is not just about how the company seems to be doing well with their advantage because it is seen as a leader any high-end memory chip market cor
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Apr 24, 2024
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abigail: tesla, rallying in a massive way. up 10%. it has to do with not just of the quarter was really negative, as you mentioned. take a look at the chart. since last july it has been a trip -- downtrend. up 40% on the year. investors expecting the worst. from earnings they expected sales of 29 billion dollars, with adjusted profits it was down 53% on a year-over-year basis. speaking of, at this point the stock is about flat year-over-year, down 1.5 percent. earlier it had literally been flat as investors, cheered by what elon musk had said around the cheaper ev being likely, even by the end of this year. you mentioned a cash flow problem. take a look at that, down $2.5 billion, they burn through that in that quarter after so many quarters of positive cash flow. so, that is the big concern but that narrative around a cheaper ev being out sooner rather than later is helping out. meta over the last year, up 120 9% relative to earnings. investors looking at four dollars $.44 per share with 64% growth on the top line. 26% growth. a high
abigail: tesla, rallying in a massive way. up 10%. it has to do with not just of the quarter was really negative, as you mentioned. take a look at the chart. since last july it has been a trip -- downtrend. up 40% on the year. investors expecting the worst. from earnings they expected sales of 29 billion dollars, with adjusted profits it was down 53% on a year-over-year basis. speaking of, at this point the stock is about flat year-over-year, down 1.5 percent. earlier it had literally been flat...
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Apr 24, 2024
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have you build up a stake in tesla? nancy: i don't think he wanted to -- i don't thing you want to chase the stock. it went up to $240 and we sold some and bought some back a little too early. i think what you want to look for is for most of us robotaxis sound crazy. i commute a third of a mile every day and coming and going icy a waymo in scottsdale. "anywhere without seeing they are ubiquitous. being second to that market is not a bad thing. i think elon and the company has been focused on improving that software. the software is slick and about 50% of drivers use it. the adoption rate will increase and the rest of us will come to the party at some point. ed: nancy, great to see you. i want to scratch a bit deeper at that, because it is completely black-and-white for musk. he could not be more clear to investors. if you don't believe in the autonomous driving vision, don't be an investor. what is interesting for institutional professional investors like you, somebody had an affordable ev at the heart of their thesis.
have you build up a stake in tesla? nancy: i don't think he wanted to -- i don't thing you want to chase the stock. it went up to $240 and we sold some and bought some back a little too early. i think what you want to look for is for most of us robotaxis sound crazy. i commute a third of a mile every day and coming and going icy a waymo in scottsdale. "anywhere without seeing they are ubiquitous. being second to that market is not a bad thing. i think elon and the company has been focused...
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Apr 24, 2024
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tesla reported last night. nothing quarter was great but it the outlook in terms of cheaper ev's being closer to the future. investors love the possibility of growth. microsoft and alphabet are coming up this week. meta tonight. that stock up 133% in the last year. katie: abigail doolittle, thank you so much. stay tuned. natural gas could hold the answer to the issue of access in the energy transition. that is next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. abigail: this is bloomberg markets. coming up, john lawler joins bloomberg tv at 4:00 p.m. new york time. this is bloomberg. ♪ katie: time for the daily wall street we conversation. energy has been among the more affected spaces as tensions have notched higher in the middle east and ukraine. in an interview with david westin, new fortress energy ceo wes e
tesla reported last night. nothing quarter was great but it the outlook in terms of cheaper ev's being closer to the future. investors love the possibility of growth. microsoft and alphabet are coming up this week. meta tonight. that stock up 133% in the last year. katie: abigail doolittle, thank you so much. stay tuned. natural gas could hold the answer to the issue of access in the energy transition. that is next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating?...
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Apr 24, 2024
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there was something happening at tesla. we try to put airhead around what tesla could be doing but it didn't make sense. the reality was the exact opposite from the way reuters presented the situation was the initiatives they came across a something that needed to be accelerated and not postponed or canceled. that's what elon musk told him in february. he said we are trying to sell 3 million units per year. at these price points, it's not going to happen. the demand is not large enough for that to happen. we need something like a model that comes in earlier to continue to grow and we plan for capacity for model 3 and model y that is too much because we will never sell 3 million units at that price point. let's take some of the project like the plans we have after the model -- next model generation and let's integrate innovations into the platform in order to be able to penetrate the market asap with less expensive cars. what i see coming through here, let's see how fast it comes in elon musk tends to want things to happen f
there was something happening at tesla. we try to put airhead around what tesla could be doing but it didn't make sense. the reality was the exact opposite from the way reuters presented the situation was the initiatives they came across a something that needed to be accelerated and not postponed or canceled. that's what elon musk told him in february. he said we are trying to sell 3 million units per year. at these price points, it's not going to happen. the demand is not large enough for that...
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Apr 24, 2024
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this is really important for tesla and its future growth story, in particular as around 2024, which tesla faces growth. therefore, having newer models, it helps potentially refresh a line that has become stale, also has become very small. investors are happier with this at a time like this with something that would happen at the end of next year in 2025 that could come as soon as this year or early next. this is potentially very, very positive. unfortunately, there is still a lot of details that have yet to be clarified by elon musk. he is saying, wait until august when we will have an announcement on something related to a robotaxi and whether that could involve things that could be low cost and help to drive and revive this slumping stock performance. tom: and it just comes down to implementation. the key question as to whether they can implement the sped up time. danny joining us out of beijing. competition out of china has been one of the key factors, key challenges for elon musk and tesla. what stood out to you? danny: i think just across the range of metrics we were looking at, ever
this is really important for tesla and its future growth story, in particular as around 2024, which tesla faces growth. therefore, having newer models, it helps potentially refresh a line that has become stale, also has become very small. investors are happier with this at a time like this with something that would happen at the end of next year in 2025 that could come as soon as this year or early next. this is potentially very, very positive. unfortunately, there is still a lot of details...
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Apr 24, 2024
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is the stage set for another battle between the tesla short-sellers and the tesla true believers? >> yeah. the true believers being the retail investors who believe in elon musk, believe in that story , particularly the robotaxi. therefore for someone like a tesla shareholder, it's been a beating as of late. as long as elon musk is focused on eking out those cost cuts, particularly with the job shedding last week, it is trying to pull itself forward onto products it thinks is going to help drive the stock forward. put it in a place where it can actually see the grounds that it doesn't have as much competition in. paul: danny lee in beijing. let's take a look at how we are shaping up in terms of u.s. futures. very much reflective of what we are seeing in asia right now. positive territory. s&p better by a third of 1%. the market will be looking to see if that big after-hours jump in tesla translates to a big jump at the u.s. open the next day as well. let's take a look at currency markets as well. softness going on in the moment. the dollar spot index pulling back attack. we are cl
is the stage set for another battle between the tesla short-sellers and the tesla true believers? >> yeah. the true believers being the retail investors who believe in elon musk, believe in that story , particularly the robotaxi. therefore for someone like a tesla shareholder, it's been a beating as of late. as long as elon musk is focused on eking out those cost cuts, particularly with the job shedding last week, it is trying to pull itself forward onto products it thinks is going to...
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Apr 24, 2024
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. >> tesla had a horrible quarter but it will be interesting watching tesla supplies. a busy day. annabelle: texas instruments could impact chipmakers. but at the start of the day, the nikkei coming online. you mentioned eco-data more than what economists had been expecting. tesla had a week quarter but still a good outlook, rising after hours more than 12%, going all in on autonomous vehicles. the bar was high for mega caps stocks. that is the state of play for japan, japanese yen holding close to the 155 mark. the yen is a question of how much it is helping versus hindering. consumer stocks are weaker, a catch-22 for the boj, yen week. boj needs to curb that. holding steady will give traders incentive to push past 155. let's change to korea, the kospi online up more than 1.5%. small caps are in the green, texas instruments is a another name with a solid forecast. come back in demand so chipmakers, the korean won is weaker against the dollar. paul: in australia, staggered open. pre-much flat in the aussie dollar was showing strength relatively speaking, knocking on the door of $.
. >> tesla had a horrible quarter but it will be interesting watching tesla supplies. a busy day. annabelle: texas instruments could impact chipmakers. but at the start of the day, the nikkei coming online. you mentioned eco-data more than what economists had been expecting. tesla had a week quarter but still a good outlook, rising after hours more than 12%, going all in on autonomous vehicles. the bar was high for mega caps stocks. that is the state of play for japan, japanese yen...
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Apr 23, 2024
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paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on weakening the yen. were at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking toward future gains but the story is focused on earnings. what else we were tracking was optimism and a bullish forecast. some of those are coming from goldman sachs. company that closed at a record high, first record highs since 2021, first quarter earnings came through including a process -- profit beat. apple posting gains which was surprising. china
paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on...
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Apr 23, 2024
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we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. >> from the world of politics to the world of business. this is balance of power. ♪ >> live from washington dc. lisa: joe:
we will be watching tesla after the bell. we have the s&p 500 up more than 1% and the nasdaq 100 0.4% in the two-year yields are getting a nice drop lower in yield. we will keep an eye on the bond market as well. that does it for bloomberg markets. this is bloomberg. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) i don't want you to move. i'm gonna miss you so much. you...
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Apr 23, 2024
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we will get ready to play tesla bingo. tune in at the end of the show to find out what i'm talking about. bloomberg, name a lot of people watching, a big jump in the shares. adobe, the one-year anniversary since firefly was released. big questions about particularly text to video. we have an interview with an executive. apple is interesting. now higher in the session. we opened lower. basically, trading at the same level on apple we were one year ago. it has been a difficult start to the year. concerns principally about china, third-party data, cap report research shows iphone sales are down 19%. more interesting perhaps is the other data outside of apple showing thomistic handset makers gaining market share -- domestic handset makers gaining market share. apple on with huawei. the data doesn't seem to be worrying anyone right now. big picture ahead of earnings later on next week, apple in focus. let's talk to mark. we stressed third-party data. it is not apple telling us this but there is a bit of concern china is the key
we will get ready to play tesla bingo. tune in at the end of the show to find out what i'm talking about. bloomberg, name a lot of people watching, a big jump in the shares. adobe, the one-year anniversary since firefly was released. big questions about particularly text to video. we have an interview with an executive. apple is interesting. now higher in the session. we opened lower. basically, trading at the same level on apple we were one year ago. it has been a difficult start to the year....
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Apr 23, 2024
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coming up on this program, tough times for tesla. we will explore what investors will be watching after the ev maker reports after the bell. this is bloomberg. ♪ katie: tesla investors on edge ahead of this afternoon's earnings call because shares of the ev giant have plummeted over 40% this year and are in the midst of the longest drought since late 2022. joining us for more is ed ludlow. let's start with what is expected to be the first revenue decline in four years. ed: katie: what would that mean? the idea of a $25,000 ev assessable is at the heart of global wall street around tesla. the retail investor cares about ai, robotaxi autonomy but we don't have clarity. elon musk needs to spell out, is the robotaxi the single priority now or is there still a version of the $25,000 ev that exists. we try to explain over the weekend what is happening. it is a technology initiative we believe late 2025 you will see a cheaper ev but versions of existing models, not standalone new models. katie: ed ludlow, you have a busy day ahead of you.
coming up on this program, tough times for tesla. we will explore what investors will be watching after the ev maker reports after the bell. this is bloomberg. ♪ katie: tesla investors on edge ahead of this afternoon's earnings call because shares of the ev giant have plummeted over 40% this year and are in the midst of the longest drought since late 2022. joining us for more is ed ludlow. let's start with what is expected to be the first revenue decline in four years. ed: katie: what would...
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Apr 23, 2024
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when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter, the worst performance there since covid in 2020. anne-marie: it is losing market share. this is a more important point that they are taking over which raises the question, how do they get a foothold. this is the reason why apple, tesla, they are in a world of their own. they are dealing with the china question in terms of demand but they are dealing with a broader demand question for their products which is why we are seeing this for sure -- fiss ure in big tech earnings. lisa: the most interesting number was huawei and comcast climbed. you
when it comes to tesla, the problems continue. overnight we have an exclusive story about the newly formed marketing team part of those companywide layoffs. this was supposed to be to get the message out in advertising. when you saw the inflation reduction act and tax subsidies, a lot of people bought ev's. now the demand is starting to wane. jonathan: we have had problems not just for tesla but apple as well. more bad news for apple. iphone sales in china falling 19% during the march quarter,...
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Apr 23, 2024
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if you look at the tesla numbers in the first quarter, tesla had an 11% market share. by the fourth quarter it was 6.7% which tells you how cheaply because in china 60% of ev's are cheaper than combustion and that will be exported. it is concerning the china overtook japan, germany and this is the context, but before i leave you, talking about energy and oil, this will displace 12 million barrels per day and not just be gas guzzling cars. tom: china brought tesla to suit up the market and they have managed. bloomberg's oliver, thank you. setting us up for a big day. novartis raising their guidance after reporting better first quarter response. we will dig into that story, what is propelling optimism next, this is bloomberg. ♪ >> we do personalization and you can tell me what you think but ai can help me analyze your face better than you could vocalize. helping to give people the equivalent is a great way to grow your business. cheating is not relevant. tom: that was trini speaking to bloomberg. the federal trade commission is seeking to stop a merger between fashion
if you look at the tesla numbers in the first quarter, tesla had an 11% market share. by the fourth quarter it was 6.7% which tells you how cheaply because in china 60% of ev's are cheaper than combustion and that will be exported. it is concerning the china overtook japan, germany and this is the context, but before i leave you, talking about energy and oil, this will displace 12 million barrels per day and not just be gas guzzling cars. tom: china brought tesla to suit up the market and they...
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Apr 23, 2024
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tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the challenge the financial hub is facing. we have of companies, 10 companies have made ipo's to risk $300 million. chow by dow down 35% on its debut. that is it from bloomberg markets: asia. this is bloomberg. ♪ ahhh ahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the
tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the...
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Apr 23, 2024
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tesla, and number of magnificent seven names are due to report. more on that, different themes in the next hour. the chief china strategist tells us how the upcoming u.s. election is shaping up mainland equities. that is it from daybreak asia. markets coverage continues as we look ahead to the start of trade in hong kong, shanghai and the china show is next. this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo when you automate sale
tesla, and number of magnificent seven names are due to report. more on that, different themes in the next hour. the chief china strategist tells us how the upcoming u.s. election is shaping up mainland equities. that is it from daybreak asia. markets coverage continues as we look ahead to the start of trade in hong kong, shanghai and the china show is next. this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i...
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Apr 22, 2024
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annabelle: a focus on earnings kicking off with tesla. looking at this chart, the slide we have seen in the stock in the past five sessions, down nearly 10%. the losses this year totaling more than 40%. the ev maker is set to report its first-quarter earnings and price cuts are very much the focus, ramifications of those. we had more announced over the weekend in countries including china, where ev buyers are also awaiting a stimulus program that could include incentives aimed to encourage businesses and households to adopt greener technologies. let's discuss more with jean handling -- junheng li, founder and ceo at jl warren capital. we could get to beijing's trading in a moment, but the price cuts in china, are they going to be really substantial enough to boost demand? junheng: probably not. the core issue with tesla and certainly with china, is aging. tesla has not had a new product for the last three or four years per minute model 3 came to the market in 2017, model y, 2020. meanwhile, there are many made in china homegrown brands. t
annabelle: a focus on earnings kicking off with tesla. looking at this chart, the slide we have seen in the stock in the past five sessions, down nearly 10%. the losses this year totaling more than 40%. the ev maker is set to report its first-quarter earnings and price cuts are very much the focus, ramifications of those. we had more announced over the weekend in countries including china, where ev buyers are also awaiting a stimulus program that could include incentives aimed to encourage...
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Apr 22, 2024
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ed: it's specific to tesla and elon musk. we got white a lot of pushback on the big tech about the use of the word chaos. it is chaos internally. these were deep layoffs that were staggered over seven days. people believe they were safe and then found out last night they are not. investors at the heart of their thesis, a single cheap ev was everything but that's not happening anymore. for others, they price the stock-based on only robotaxi away from legacy wall street. those are considerations the other automakers don't have to think about. they are just trying to convert from combustion engine to ev on the one wildcard as elon musk himself. my understanding is that he will come back to paying attention to tesla and look at what's happened in the first three months of the year and said no, we are doing a different way, my way. sonali: we thank you so much for your time, don't miss his story on bloomberg.com and the terminal. tesla one of the worst performers on the s&p 500 this year so far. coming up next, we will talk about
ed: it's specific to tesla and elon musk. we got white a lot of pushback on the big tech about the use of the word chaos. it is chaos internally. these were deep layoffs that were staggered over seven days. people believe they were safe and then found out last night they are not. investors at the heart of their thesis, a single cheap ev was everything but that's not happening anymore. for others, they price the stock-based on only robotaxi away from legacy wall street. those are considerations...
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Apr 22, 2024
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i understand you have some exposure to tesla. have you felt the market has priced in some of the worst for a businesslike tesla? >> i think broadly speaking there is still some downside specifically because some stocks have been driven by momentum. it has been a pretty big decline we have seen in tesla. clarity is not there. broadly speaking from the magnificent seven, this earnings season, they have a lot to prove. valuations are very elevated. if we do not see this come through from an earnings perspective, i think there is more downside and more of a correction. caroline: what i love about your analysis is how deep you go on how powerful and encompassing those magnificent seven players have been. five of the seven have expected to be the top five contributors to year-on-year earnings growth for the s&p. if they do not give us what we need, earnings more broadly will fall across the s&p. >> it will definitely be weaker than the anticipation right now. the anticipation is only for about .5% earnings growth. there's a lot riding
i understand you have some exposure to tesla. have you felt the market has priced in some of the worst for a businesslike tesla? >> i think broadly speaking there is still some downside specifically because some stocks have been driven by momentum. it has been a pretty big decline we have seen in tesla. clarity is not there. broadly speaking from the magnificent seven, this earnings season, they have a lot to prove. valuations are very elevated. if we do not see this come through from an...
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Apr 22, 2024
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tesla reports tomorrow. shares down about 4.6% at the moment, adding to what has been a rocky here for tesla. you also have on semi hitting lows. currently, shares off by about 2%. as we have been mentioning all show, it is a consequential week for corporate america with nearly $17 trillion in s&p market cap reporting this week ahead of what will be a very big week. the s&p 500 is still green but just so. we had been about .5% higher earlier in the session. you can see gains slipping a little bit. that follows three straight weeks of losses. we have not seen that since september of 2023. take a look at the nasdaq 100. i'm going to call it unchanged. sentiment clearly souring as trading gets underway on this monday ahead of tesla's earnings tomorrow. other tech giants take the stage including the likes of meta. "bloomberg technology" is coming up next. that does it for "bloomberg markets." i am katie greifeld and this is bloomberg. ♪ announcer: from the heart of where money, and innovation collide in silico
tesla reports tomorrow. shares down about 4.6% at the moment, adding to what has been a rocky here for tesla. you also have on semi hitting lows. currently, shares off by about 2%. as we have been mentioning all show, it is a consequential week for corporate america with nearly $17 trillion in s&p market cap reporting this week ahead of what will be a very big week. the s&p 500 is still green but just so. we had been about .5% higher earlier in the session. you can see gains slipping a...
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Apr 22, 2024
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up next on the program, it is tesla's tipping point. >> this a lot to look forward to in 2024 and tesla is currently between two major growth waves. we are making sure that next growth wave driven by next gen vehicle, self-driving projects is executed as well as possible. jonathan: that conversation up next. live from new york, this is bloomberg. ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. but i couldn't find pilates anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. ♪ jonathan: 41 minutes away from the opening bell, equities positive by 0.1% on the s&p. 4.63.94. under surveillance this morning is
up next on the program, it is tesla's tipping point. >> this a lot to look forward to in 2024 and tesla is currently between two major growth waves. we are making sure that next growth wave driven by next gen vehicle, self-driving projects is executed as well as possible. jonathan: that conversation up next. live from new york, this is bloomberg. ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from...
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Apr 22, 2024
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tesla/is prices -- tesla slashes prices. eyes turn to the crucial earnings report. it is a big week in terms of the earnings story with u.s. tax. tesla reporting on tuesday but also european banks in focus for us today as well and we check in on the markets when there is a bit of relief. with the outside coming through for equities and a little bit of downside for those haven assets, the likes of gold, oil, and the u.s. dollar. futures pointing higher. the ftse 100 up in the session. we look at the energy story as well given that oil has come off a little to see how that feeds through in to the ftse 100. s&p futures above the 5000 level. nasdaq futures pointing higher by .5% after the worst week for the nasdaq 100 since november of 2022. looking to repair some of those losses at least gazed on the futures. let's focus on the treasury space. a big week in terms of options. the two-year above 5%. softness coming through for the bloomberg dollar or at least dropping .9%. and rita saying she -- let's turn to the invocations of this will. when it could mean for tiktok. t
tesla/is prices -- tesla slashes prices. eyes turn to the crucial earnings report. it is a big week in terms of the earnings story with u.s. tax. tesla reporting on tuesday but also european banks in focus for us today as well and we check in on the markets when there is a bit of relief. with the outside coming through for equities and a little bit of downside for those haven assets, the likes of gold, oil, and the u.s. dollar. futures pointing higher. the ftse 100 up in the session. we look at...
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Apr 22, 2024
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it used to be tesla but it has switched to nvidia. turnover is dominated by what retail pundits are doing. the investor crowd should be wary because they are seeing what happens when the regional crowd turns against the stock. the relative news coming from tesla is not great but the regional crowd has turned its back on it. nvidia needs to fulfill a lot promise for the whole sector. otherwise, if retail investors turned against it, could be bad for the broader markets. haslinda: earnings are one issue and the other is the yields, whether it gets to 5%. the fed -- how will it play out with more key economic u.s. data, pce, case in point. mark: our bloomberg economists expect the numbers to take up slightly which will be a problem for the fed. look at december. they were putting a lot of weight on the fact that the pce number was going to come in below 2% and give them the reason for starting on lowering interest rates. that is not happening. some disappointing cpi reports. if they get another one into the mix, people will have to think
it used to be tesla but it has switched to nvidia. turnover is dominated by what retail pundits are doing. the investor crowd should be wary because they are seeing what happens when the regional crowd turns against the stock. the relative news coming from tesla is not great but the regional crowd has turned its back on it. nvidia needs to fulfill a lot promise for the whole sector. otherwise, if retail investors turned against it, could be bad for the broader markets. haslinda: earnings are...
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Apr 22, 2024
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>> what is going on at tesla is a great question. it's been a crazy week even by elon musk standards. tesla will cut 10% of their global workforce, 40,000 jobs. they came out in a late night memo last sunday. then this week there was the recall of the cyber truck, all the ones they sold so far had to be recalled to ask a fault. tesla is trying to put the pay package for elon back to shareholders for a vote for approval and then the news about the price cuts commit discounts to self-driving package in america and then the last-minute decision to cancel the trip to india scheduled for this week all is ahead of what is shaping up to be a crucial earnings call tuesday. the numbers are looking pretty bad. we've seen a drop in the first quarter deliveries. investors will be looking for clarity from elon musk about what is happening at tesla and what the strategy is going forward. annabelle: and is it something that is likely to deliver? can he give a level of transparency? >> who knows? he is material at best -- mere great -- he is mercuri
>> what is going on at tesla is a great question. it's been a crazy week even by elon musk standards. tesla will cut 10% of their global workforce, 40,000 jobs. they came out in a late night memo last sunday. then this week there was the recall of the cyber truck, all the ones they sold so far had to be recalled to ask a fault. tesla is trying to put the pay package for elon back to shareholders for a vote for approval and then the news about the price cuts commit discounts to...
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Apr 21, 2024
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never a dull moment at tesla. his biographer described this as elon musk in daemon mode. >> even by elon musk standards it has been a wild week. started off last week and with the announcement they were going to cut 10% of their global workforce, about 14,000 jobs. there are reports the cuts could be even deeper than during the week. we saw him go what he called balls to the wall on the autonomous taxi, which seems to have taken over as the company's priority from $25,000 mass-market cars, which he talked up the last earnings call. only three months ago. investors have been keen to see that move towards a mass-market car to try to fill the hole in tesla's sales that we are seeing. that was the beginning of the week. the rest of the week we saw the company try to revive shareholder votes on the 56 billion dollar pay package for elon musk struck down by a court in delaware in january. they had to recall all the cyber trucks sold in the u.s. for a faulty accelerator pedal that could lead to accidents. on the weekend
never a dull moment at tesla. his biographer described this as elon musk in daemon mode. >> even by elon musk standards it has been a wild week. started off last week and with the announcement they were going to cut 10% of their global workforce, about 14,000 jobs. there are reports the cuts could be even deeper than during the week. we saw him go what he called balls to the wall on the autonomous taxi, which seems to have taken over as the company's priority from $25,000 mass-market...
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Apr 19, 2024
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tesla reporting earnings next week with a busy earnings cycle. and of course, a lot of economic pmi data with wednesday durable goods and more tech earnings as we have been talking about. we are rounding out the week with a pce deflator. let's think through what it really means, the number ahead, the preferred gauge of inflation , when it comes to pce, it will be less alarming than the hot cpi print posted previously. there are still hints outside of the fed preferred gauge, creating complication around the idea of rate cuts coming before the big fed meeting for the first week of may. that does it from us in new york. same time, same place, next week. this is "bloomberg real yield." this is bloomberg. ♪ with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill
tesla reporting earnings next week with a busy earnings cycle. and of course, a lot of economic pmi data with wednesday durable goods and more tech earnings as we have been talking about. we are rounding out the week with a pce deflator. let's think through what it really means, the number ahead, the preferred gauge of inflation , when it comes to pce, it will be less alarming than the hot cpi print posted previously. there are still hints outside of the fed preferred gauge, creating...
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Apr 19, 2024
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on the board you will see names like tesla and netflix, tesla with a cyber truck recall. netflix had a mega start to the year, but the investor base is spooked by the outlook for the future and how it plans to communicate. looking at crude, we saw oil move higher based on what happened in the middle east. that is not hugely a surprise. top story, israel launching a retaliatory strike on iran less than a week after the tehran rocket barrage. iranian media downplay the incident in the hours after. for more, let's get out to washington, d.c. and kailey leinz. the framing is that it is a retaliation but muted and it seems that israel listened to the united states, who had urged them to show restraint. kailey: yeah, not just the united states, but other allies and partners as well, including officials from the u.k. and germany who made a trip to encourage netanyahu to have restraint in response to that unprecedented attack from iran with 300 missile and drones sent towards israel largely intercepted by air defenses from israel and other allies. iranian media said that there wa
on the board you will see names like tesla and netflix, tesla with a cyber truck recall. netflix had a mega start to the year, but the investor base is spooked by the outlook for the future and how it plans to communicate. looking at crude, we saw oil move higher based on what happened in the middle east. that is not hugely a surprise. top story, israel launching a retaliatory strike on iran less than a week after the tehran rocket barrage. iranian media downplay the incident in the hours...
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Apr 19, 2024
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tesla's terrible week is getting worse. the view makers pausing cyber truck deliveries and recalling nearly 4000 cyber trucks because of a problem where the accelerator pedal can get stuck in because the vehicle to unintentionally speed up. tesla says it will look to rework the accelerator pedal on all existing cyber trucks. next up, the french makeup brand that owns maybelline is a -- is reporting better-than-expected first-quarter sales. earlier this year, l'oreal saw spending by chinese consumers that had pulled back in contractionary -- on discretion responding. amex is crushing it. it expects full-year revenue to grow 11% as it revamps its cards with delta airlines which is their largest co-brand partner. you can follow the latest company buzz ontrem go on your bloomberg terminal. big tech continues to downside workspace. we had the jones lang ceo market advisor and joins us next. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode return
tesla's terrible week is getting worse. the view makers pausing cyber truck deliveries and recalling nearly 4000 cyber trucks because of a problem where the accelerator pedal can get stuck in because the vehicle to unintentionally speed up. tesla says it will look to rework the accelerator pedal on all existing cyber trucks. next up, the french makeup brand that owns maybelline is a -- is reporting better-than-expected first-quarter sales. earlier this year, l'oreal saw spending by chinese...
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Apr 19, 2024
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tesla says the fix will be free of charge. that is your bloomberg brief. jonathan: that is a problem. up next, tech earnings season kicking off. a new approach from netflix. >> we will not be silent on members as well. we will update when we grow and when we had certain major milestones. it will not be part of our regular reporting. jonathan: that conversation up next. live from washington, this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. jonathan: equity futures in new york -.4% on the s&p 500. softer. last night much weaker. negative more than 1% as we start to get reports of retaliation from israel on iran. the details of those r
tesla says the fix will be free of charge. that is your bloomberg brief. jonathan: that is a problem. up next, tech earnings season kicking off. a new approach from netflix. >> we will not be silent on members as well. we will update when we grow and when we had certain major milestones. it will not be part of our regular reporting. jonathan: that conversation up next. live from washington, this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why...
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Apr 18, 2024
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this comes after tesla slashed as the ev maker struggles with slowing demand for electric vehicles. tim cook is meeting singapore's incoming prime minister at the tail end of his most extensive southeast asia tour in years. as the company searches for new growth markets and manufacturing to offset china. it could pave the way for a aggressive sales campaign in a densely populated reason -- region where samsung dominates. delivery orders return to growth with a 2% increase in the first quarter driven by strong progress in the food delivery international segment. the london-based company kept its guidance for the year and changed. caroline: another story they are following pre-google has fired 28 employees after they were involved in protests against a joint contract with amazon to provide the israeli government and military ain cloud services. the protests took played across google offices in new york and seattle and were led by the no tech for apartheid organization. google said physically impeding other employees work and preventing them from accessing our facilities is a clear vio
this comes after tesla slashed as the ev maker struggles with slowing demand for electric vehicles. tim cook is meeting singapore's incoming prime minister at the tail end of his most extensive southeast asia tour in years. as the company searches for new growth markets and manufacturing to offset china. it could pave the way for a aggressive sales campaign in a densely populated reason -- region where samsung dominates. delivery orders return to growth with a 2% increase in the first quarter...
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Apr 18, 2024
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tesla a lot of pain it once again down 2.7%. the worst day in more than a year and they beat on the surface top and bottom line adjusted earnings when 5% better. 63% of their business uncertainty for china, waiting on the outlook plus they may need to renovate and that will wait on -- way on profits. now in a bear market over the last year. katie: coming up, inflation trending in the right direction in europe but the geopolitical tensions could threaten the economic progress. paschal donohoe joins us next. this is bloomberg. ♪ to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals
tesla a lot of pain it once again down 2.7%. the worst day in more than a year and they beat on the surface top and bottom line adjusted earnings when 5% better. 63% of their business uncertainty for china, waiting on the outlook plus they may need to renovate and that will wait on -- way on profits. now in a bear market over the last year. katie: coming up, inflation trending in the right direction in europe but the geopolitical tensions could threaten the economic progress. paschal donohoe...
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Apr 18, 2024
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he announced that tesla would cut the bull headcount by more than 10% as the carmaker struggles with slowing demand. i spoke to wedbush this morning and there were strong words to say about tesla and elon musk. >> this is the time for elon musk, late it out, walk the walk because the benefit of the doubt is not there, and this has gone from a cinderella story to friday the 13th. >> you can watch bloomberg brief every morning at 5:00 a.m. jonathan: as he still got a buy on the stock? >> yes, he still has an outperform on the stock and has not given up yet. jonathan: even saying those things, still on outperform. what is going to change it for him? lisa: i'm not sure because ultimately this comes down to you have got to believe. you are either in it with elon musk and believe he is an innovator outside of cars, batteries, tunnels, or else you don't. jonathan: he certainly is an innovator, but the stock has not performed at all this year. futures on the s&p, positive by 0.2%. next, the clock is ticking on tiktok. >> sometime next year, tiktok will either have to divest its chinese owner
he announced that tesla would cut the bull headcount by more than 10% as the carmaker struggles with slowing demand. i spoke to wedbush this morning and there were strong words to say about tesla and elon musk. >> this is the time for elon musk, late it out, walk the walk because the benefit of the doubt is not there, and this has gone from a cinderella story to friday the 13th. >> you can watch bloomberg brief every morning at 5:00 a.m. jonathan: as he still got a buy on the stock?...
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Apr 17, 2024
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ed: tesla off .7%. still down for fourth straight session. we talked about the reasons why earlier in the show to stop the below $500 billion now in market cap. i am looking for stories, clear downward direction in the market. tesla is one name that contributes. bitcoin is interesting. during the course of the show we are now down to 6000 u.s. dollars per token on bitcoin a drop of 4% on the session of an asset that there -- trades 24/7. on the bloomberg terminal there with ranting about the real world use case. atm's in latin america becoming mainstay and the industry bracing. lots of people say they are ready. look at technology rates of stocks linked to crypto. they are also seeing downward pressure and we have other pieces of news from that industry too. >> the grayscale investment ceo says the market for u.s. spot get one -- spot bitcoin etf is still relatively new. in an exclusive conversation the ceo spoke about the sec approval of bitcoin etf and the long road to regulatory approval. >> even though they have now been in market for thr
ed: tesla off .7%. still down for fourth straight session. we talked about the reasons why earlier in the show to stop the below $500 billion now in market cap. i am looking for stories, clear downward direction in the market. tesla is one name that contributes. bitcoin is interesting. during the course of the show we are now down to 6000 u.s. dollars per token on bitcoin a drop of 4% on the session of an asset that there -- trades 24/7. on the bloomberg terminal there with ranting about the...
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Apr 17, 2024
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you look at tesla shares they are down 40% year-to-date. i know the meeting is not until june or so. but if i, tesla shareholder will i vote yes to this pay package? >> i do think the stock reaction is interesting. we were higher in premarket we are down 2% so you've had significant declines over three days parade you are down for a fourth straight day, longest streak of declines since the beginning of the year. the reason i point that out is if you're confronted with this information from the proxy and the only thing that's come out of the proxy is to vote on the original pay package that the delaware chancery shot down, it's not approving a catalyst to the upside and what tesla's chair rights in the proxy is that the courts second-guessed investors decision to authorize the pay package in the first place so there's a legality question here which is how mechanically can tesla put the same package before the shareholder base if the courts have shot it down. it's an interesting dynamic. >> fascinating to see how this shapes out and what the
you look at tesla shares they are down 40% year-to-date. i know the meeting is not until june or so. but if i, tesla shareholder will i vote yes to this pay package? >> i do think the stock reaction is interesting. we were higher in premarket we are down 2% so you've had significant declines over three days parade you are down for a fourth straight day, longest streak of declines since the beginning of the year. the reason i point that out is if you're confronted with this information...
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Apr 17, 2024
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this from dan ives on tesla. "interview the clock has struck midnight for elon musk to lay out the growth strategy and give realistic debris posts and announcements by significant layouts now come and give a clear outlook to the street." it has been talked about this inflation point for how long? is just outperforming the stocks? lisa: is this inflation point where he will say i'm no longer bullish on this stock? jonathan: how much more do you want to see? lisa: this is their moment. it is midnight but once comes after midnight -- but what comes after midnight? jonathan: he has been talking about midnight for six months. lisa:, the show and we will talk about it. jonathan: of next on the president biden's latest pitch to u.s. workers. >> this is not a level playing field and when the markets we can prices fall. it is our firms that go out of business. your opening bell is 43 minutes away. equity futures positive one third of 1%. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pi
this from dan ives on tesla. "interview the clock has struck midnight for elon musk to lay out the growth strategy and give realistic debris posts and announcements by significant layouts now come and give a clear outlook to the street." it has been talked about this inflation point for how long? is just outperforming the stocks? lisa: is this inflation point where he will say i'm no longer bullish on this stock? jonathan: how much more do you want to see? lisa: this is their moment....
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Apr 17, 2024
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his visit may help pave the way for starlink and tesla to break into the indian market. our colleague spoke with the cofounder about his expected meeting with the spacex chief. >> you are meeting elon musk this month when he comes to india. suppose he said, i want to invest in your company. what would you say? >> we would be happy to have a person like that to invest in us. >> with that amount to an emotional takeover? >> no. i don't think so. he's an entrepreneur for sure. he has his big space company to launch already. i feel like he would encourage us but if he invested, that would be very good. >> is it too much to ask to collaborate with us or invite me to your facility at space x? >> we will introduce what we are doing. say -- >> you are playing the modest game now. you are the largest entrepreneurs in your sector, a sector that you've dreamed of being in since you were young kid. what would you say to him? >> we are inspired by you to build this. he's a big proponent. he knows how difficult it is to get going. i'm sure we will have his appreciation for getting whe
his visit may help pave the way for starlink and tesla to break into the indian market. our colleague spoke with the cofounder about his expected meeting with the spacex chief. >> you are meeting elon musk this month when he comes to india. suppose he said, i want to invest in your company. what would you say? >> we would be happy to have a person like that to invest in us. >> with that amount to an emotional takeover? >> no. i don't think so. he's an entrepreneur for...
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Apr 16, 2024
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ed: i'm looking at tesla, a two day chart with the stock down another 4%. we broke the news job cuts closer to 20% and elon musk said more than 10%. we drew the story a 18-year veteran and four named executives resigned and he confirmed it on social media. the milestone is tesla is $500 billion below market cap and there's questions that we'll ask about this quarter about what comes next for the e.v. name. also looking at microsoft up half a percentage point. had a slow start to the session. the headline on news is the $1.5 billion investment in g-42. there's a back story which is, you know, i've been looking into for a few months. g-42 really likes what sam outman and open a.i. is doing. they have a relationship with microsoft and wonder if that helps. the back story is a split one as well, g-42 is now safe for a u.s. company to invest in and it's very complicated but a name we'll hear more about. caroline: let's talk about microsoft and the deal. you come with microsoft expertise covering all things of that business. take a step back, what has to happen f
ed: i'm looking at tesla, a two day chart with the stock down another 4%. we broke the news job cuts closer to 20% and elon musk said more than 10%. we drew the story a 18-year veteran and four named executives resigned and he confirmed it on social media. the milestone is tesla is $500 billion below market cap and there's questions that we'll ask about this quarter about what comes next for the e.v. name. also looking at microsoft up half a percentage point. had a slow start to the session....
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Apr 16, 2024
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katie: the rough ride for tesla continuing to build. thanks, simone. what's next for paramount as rumors fly about possible merger partners? we'll be joined by jon klein, former president of cnn. this is bloomberg. ♪ ♪ katie: it's time for our daily wall street week conversation and today we're focusing on a possible paramount deal. media mobile david ellisson is in talks to take over paramount and merge it with his own company, sky dance media. john klein is hang media co-founder and wall street week david westin. a lot of people would like to know how this shakes out. david: jon klein can talk to us and it's a different world since you ran cnn and i was at cbs news. give us a sense or a vision if you can fix paramount, whether it's david elson and sky dance, what's the formula for success for paramount, it's fallen on hard times. jon: i hear prayer works, maybe they can try that. you think of the universe, we all know how the world is going to end, right? the sun is going to grow and grow and become a red giant and swallow up all the planets incl
katie: the rough ride for tesla continuing to build. thanks, simone. what's next for paramount as rumors fly about possible merger partners? we'll be joined by jon klein, former president of cnn. this is bloomberg. ♪ ♪ katie: it's time for our daily wall street week conversation and today we're focusing on a possible paramount deal. media mobile david ellisson is in talks to take over paramount and merge it with his own company, sky dance media. john klein is hang media co-founder and wall...
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Apr 16, 2024
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tesla down in the premarket. two of the company's top executives are leaving and tesla cutting 10% of its workforce to slash costs with ev slowing. the cuts could reach 20% in subdivisions. tesla shares down this year. donald trump's first criminal trial got off to a slow start. they stalled over disagreements and last-minute arguments. jury selection did not take off until the final hours of the day. the former president's lawyers argued with prosecutors over which evidence will be admissible. more than half of the first panel of 96 potential jurors had to be excused after saying they could not be impartial. trump back in court today. jonathan: thank you. up next the program, israel weighing its options. >> this we opened it military capability and just as quickly, they do not stand alone, that the u.s. stands with them. there is no question iran recognizes the coalition that was put together to help israel defend itself. jonathan: that conversation coming up. we will catch up with a reporter in washington, d.c.
tesla down in the premarket. two of the company's top executives are leaving and tesla cutting 10% of its workforce to slash costs with ev slowing. the cuts could reach 20% in subdivisions. tesla shares down this year. donald trump's first criminal trial got off to a slow start. they stalled over disagreements and last-minute arguments. jury selection did not take off until the final hours of the day. the former president's lawyers argued with prosecutors over which evidence will be admissible....