Live from new york, at the opening bell, this is business today. Traders tread water on wednesday. Cranking up the voltage on trade tensions. Canada slaps hefty import taxes on electric cars made in china older, wiser, and ready to spend. How businesses are finding a Silver Lining in indias ageing population. Welcome to business today, im Michelle Fleury live from new york. Us markets slip at the open after the record close. More on that any moment. Lets turn our attention to markets, the dow is down two tenths of a percent right now, after the wreck a close yesterday. The snp and nasdaq have not fared so well. Traders are turning away from the Technology Stocks right now. For more on this is the chief market strategist, great to see it this morning. Are you surprised this rally is stalling . What should we read from the dow slipping back slightly . Read from the dow slipping back sliuhtl . ,. , slightly . Good morning, i dont think they slightly . Good morning, i dont think they can
scandal involving not just toyota but toyota, honda, mazda, suzuki, yamaha motor, whole number of companies there. so i imagine this will be the main topic of the meeting. there may be some questions about keeping costs under control, the effect of the weak yen, perhaps the decline in demand for electric vehicles, but really they are going to be tackling this problem head on. i just wanted to say on that point, how do you feel that controversy is likely to impact the company, short and long term? i think, short term, we can t deny the news of what has happened here, but i think it needs to be put into context. we don t actually have any cheating going on here. this is really somewhere between the bureaucratic way the japanese test cars, and actually being driven by one of the ministries, excuse the pun, and the way the press reported this. so what we re talking about here is actuallyjust the difference in a way between the way the domestic cars are tested, because in japan, d
company and basically to please shareholders going ahead, but of course with toyota they will be on the defensive, particularly because of the so called scandal involving not just toyota but toyota, honda, mazda, suzuki, yamaha motor, whole number of companies there. so imagine this will be there. so imagine this will be the main topic of the meeting. there may be some questions about keeping costs under control, the effect of the weekend, perhaps the decline in demand for electric vehicles, but really they are going to be tackling this problem head on. ijust tackling this problem head on. i just wanted to say on that point how do you feel that controversy is likely to impact the company, short and long term. i the company, short and long term. ~ , ., term. i think the short term, we can t term. i think the short term, we can t deny term. i think the short term, we can t deny the term. i think the short term, we can t deny the news - term. i think the short term, we ca
because of the so called scandal involving notjust scandal involving not just toyota scandal involving notjust toyota but honda, mazda, suzuki, yamaha, a whole load of companies there. this will be a sensitive topic of the meeting. there may be some questions about keeping costs under control, the effect of the week and perhaps the decline in demand for a period where really they will be tackling this problem head on stop i to say on that point how do you feel that controversy is likely to impact the company short and long term? short term we cannot deny the news of what has happened here, buti deny the news of what has happened here, but i think it needs to be put into context. we don t actually have any cheating going on here. this is really it, it s somewhere between the bureaucratic way that the japanese test cars and actually being driven by one of the ministries, excuse the pun, and the way we reported this. what we are talking about here is actually just a what we are