Now looking at none to one. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz, and annmarie hordern. Jonathan live from new york city, good morning, good morning. For our audience worldwide, this is bloomberg surveillance with Lisa Abramowicz and annmarie hordern, i am jonathan ferro. We got to begin with this name. Apple. The latest reporting from our colleagues at bloomberg. Apple canceling a decadelong effort to build an electric car. Lisa a decade ago it was building a car would be the next vr headset, the next artificial realitytype of experience. It turns out it is a bad business to build cars. Its a Good Business to say we have something with ai in whatever form it is and it will transform your life. That will gain more traction. Jonathan there is information what theyre moving away from, moving into, and how the market responded. The stock rallied which tells you everything you need to know. Apple imagined the car being priced around 100 k but executives were
Cornish, Ron Brownstein, kate bedingfield, geoff duncan. Thank you. And thanks to all of you for joining joining us im kasie hunt, Cnn News Central starts right now homes burned in almost every direction. Thats the word from texas as multiple wildfires are burning right now and breaking just moments ago, we just got word that pope francis was taken to the hospital. Were getting new information in on the condition of the 87 yearold pontiff, hunter biden about to take questions face to face with a republican lawmakers trying to impeach his father. Im kate bolduan with john berman. Sara is out today. This is Cnn News Central we are following this Breaking News. People in texas are being forced to flee communities, burn to the ground. There are multiple wildfires burning in the Texas Panhandle right now that is terrifying. If you come upon that, of course, overnight, the fire called the Smokehouse Creek fire became the fifth largest fire in texas state history, scorching over 300,000 acres
johnson. so that s coming up. it is rishi sunak speaking at the launch of tech week, technically, but we will be on watch forjohnson mentions. that s all coming up. let s hearfrom you, mentions. that s all coming up. let s hear from you, 85058 on the text, 08085 909693 on the phones. this is the nation s phone ins. and we have got the news for you with bethan. a committee of mps who ve been investigating whether borisjohnson misled parliament about lockdown parties at downing street are to finish their inquiry today and decide when it ll be published. mrjohnson resigned as an mp on friday describing the committee as a kangaroo court after he saw an advanced copy. scotland s first minister humza yousaf is facing pressure to suspend his predecessor nicola sturgeon from the snp after she was arrested. ms sturgeon was questioned as part of a police investigation into the party s finances. she was later released without charge and insists she s innocent of any wrongdo
Even below analyst estimates. The stock is now down more than 30 this year. But we begin with todays markets, and dom chu with the numbers. Dom, it is tech taking it on the chin. It is. Its Consumer Discretionary particularly because of that tesla trade. Check out the dow industrials down by about 450 points, 1 drop. It was down over 500 at one point today. The s p 500 is at 5198, down 45 points. Almost one full percent. At the highs, we were down 39 points and 59 at the lows. A decidedly negative day. Tesla is a big part of that story. The nasdaq, down 177 points, 16,219 the last trade there. That Consumer Discretionary trade, one of the worst performers in terms of sectors today, but not all entirely tesla. If you check out pbh corps, its not in the s p 500, but it gave a fullyear forecast that game in below estimates. Its down 23 . But the ripple effects are happening to vf corps, tapestry, ralph lauren and deckers, all of those consumer apparel type names are in the s p 500. Down 4