Well. Geordie joining us is johnson. How much more shakeout do we get from investors having to rebalance . As a bustedsla growth story. The revenues peak in the Fourth Quarter of 18. 690,000 of capacity. If they hit delivery members this year, only 63 of reported capacity. Building two new factories. Completely is mismatched. We think it is coming to the forefront in the stock. What gets us to 19 . Tesla has been unprofitable. Subsidies toed sell credit. People do not need to buy tax credits anymore. You look at the second quarter. Stockbasedthe conversation. Back to they go losses. Right now, it is single digits. In china, a big disappointment. Cars in aover 20,000 month. What gives you the confidence that now was a turning point . This not just that squeeze we are all talking about after call options are out of money. Great point. The numbers have been getting worse. S p inclusion. In 2015, elon musk said in two years, tesla cars are able to do 200 miles it on a single charge. 19, el
Expected to move to trial, the phase one china trade deal expected to be signed at the white house this morning top trump economic adviser larry kudlow joins us first cnbc this hour. And financials are in focus, bank of america beats for the quarter, goldman hampered by litigation charges target shares are plunging. Holiday sales miss on estimates on weakness and toys and electronics. The u. S. china phase one trade deal said to be signed this morning this is what secretary mnuchin said about the agreement earlier this morning on squawk. We need to put together very significant laws to change rules and regulations and made strong commitments to our companies there will not be forced Technology Going forward thats a big win for our technology companies, businesses and American Workers we look forward to learning more in the wake of this signing. Jim, mnuchins appearance this morning brought us something new, the notion of phase 2a, phase 2b, phase 2c, so stories evolving rapidly i think
A stay with their family members who are in the other areas of cause and that again. But thats the area in gaza is be serious about some of those people diction to should test a center in, in scores, especially the ones run by day one. Uh because it, you know, how the many people lives whole families get in the same area. So they dont have electives in other areas, so theyve tend to go to school. And again, heres what ive talked to the schools in 20142021. And then 2 days ago, is there any found anyones quoted . That was a pretension shipped us, or is it one is or is displacing force of do by bombing at border areas and older and people to leave their homes too this, it just didnt understand those, get there and also bombards the cities. And i think there is no place that is sort of to patterson engine by thousands to okay, make sure you stay with us and our continuing coverage all of the will between gaza and ease routes. It is day 3 and phase of elijah has pictures of rockets being 5
2. 145 overnightin asia, look at whats been happening. You can see the nikkei closed down by a quarter of a percentage point the hang seng off by 1. 2 . The shanghai was flat. Lets look at whats happening in the european markets in early trading. At this point there are red arrows across the board there as well biggest decliner is the cac, which is down by 1 . The ftse and dax are off by 0. 8 when it comes to currencies. You will see right now the dollar is up across the board. Euro at 1. 1163 crude oil prices which were down 3. 7 yesterday, the lowest settlement weve seen since november 14th, you can see this morning down once again. Another 11 cents to 44. 62. We want to bring you an update on the terrible shooting that took place yesterday. Republican congressman Steve Scalise is in Critical Condition this morning after he was shot by a gunman yesterday. Squawk was on while this happened the congressman was shot in the hip, underwent surgery at Medstar Washington Hospital Center a s
International tax policy forum. This is half an hour. We have had a great morning of discussion. It is going to be cappped off by a terrific talk from our luncheon speaker. Who probably needs no introduction. Kevin brady, the chairman of the ways and means committee, which is the most powerful committee in the house in his jurisdiction over tax and health care trade, social security, but talking about tax today. We are delighted to have him here for two reasons. As we said earlier, the initiative kevin brady has taken on tax reform has made all of us much more important in our companies and universities and academies. Taxes all of a sudden affect my company and it rehearsed to me as the it girl now. That is because of the mold and bold and innovative proposal that chairman brady and speaker ryan are advancing to transform the u. S. Tax system. We have talked this morning about a lot of the issues and frictions that would get involved in getting us from here to there and how they might