Department of Motor Vehicles has suspended crews from operating its driverless taxis in San Francisco. And a man is facing dozens of charges for allegedly tried to stop a planes engine while it was in the we will go live as we continue to learn more about the suspect. From the bay station. Youre watching kron. And news. Thank you for joining us here on kron. 4 news at noon. Im justine waldman. We start with a bombshell announcement from the dmv. Cruz is losing its permit to deploy and test Driverless Cars on public roads, at least for now. This is coming while labor leaders and allies are demanding more regulations for all robot taxis. Kron fours Michael Thomas reports now what led to the suspension. Well, crews Must Immediately stop using their driverless vehicles. The dmv says ultimately its because of safety issues for taking this action. Take a look at your screen. Theres details now specifically. There are 4 criteria for the suspension. The department has determined that the compa
November were diving into all of todays fast money movers. Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, courtney garcia, and the bitcoin baller himself, brian kelly. Great to be back. And we start off with the most anticipated Earnings Report of the season. Nvidia shares at alltime hikes after posting a top and bottom line beat for q1 guidance for the Current Quarter coming in above expectations the chip giant also announcing a 10 for 1 stock split and a dividend hike. The Conference Call just kicking off moments ago. Kristina partsinevelos is here to break down the quarter. Hi. Investors got what they wanted earnings beat, revenues matching buy side pexation expectations. Same for the q2 revenue guide, came in at 28 billion q2 margins are expected to drop to mid 70s, exactly what the company warned about in the previous call. So, overall, the companys fundamentals still in tact saw that with the beat in the numbers. Bu
Tell you more about what we know. And teamsters are rallying in San Francisco. They want city leaders to impose more regulations on autonomous cruise cars. Warriors take on the suns tonight in their home opener as chris paul gets ready make his debut with the team. From the local news station, youre watching you. Morning team. Good morning. Its tuesday soulfully. You get the hang of this now since you had yesterday to get acclimated, how about us getting used to this fog, john . Going to stick around for a while. Yeah, going to be around for a little bit longer, but it does burn off later today. Going to set us up for eventually a sunny one and our warmest of the rest of the forecast. I wouldnt call it sunny just yet. There. Look outside at sfo. Look at how socked in it is out there. Weve got a lot of airport delays, especially at sfo because of this lower visibility. We are seeing improvements in surface visibility. You are seeing visibility improved in areas like the north bay which
Indeed we will. Lets get a check on the markets which are looking a little better than they did earlier. Were narrowed the gap trying to turn green again like we were briefly were at the top of the session. The dow is down seven points and the s p 47. The nasdaq is down 22. Shares of gm moving lower this afternoon on reports from the wall street journal. Its not about the strike. Its that at least 20 million vehicles potentially have dangerous airbag parts. Those shares off the lows down 2. 5 . On to another automaker in the red, how about rivian down nearly 20 now after announcing 1. 5 billion convertible bobbed sale and issuing disappointing guidance. Those shares have been steadily moving lower. They are under 20 today, and clorox also lower after weak guidance. Much more on this companys woes ahead. 6 drop. This one, tyler, moving a little bit off the session lows. Finally, a new study revealing weight loss drugs like wegovy and osemipick may lead to stomach paralysis. They could b
David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . After 16 years as the ceo of ge, you have stepped down. Is a big burden off your shoulders now . Jeffrey i do think if you are doing the job well, you feel ownership and you wear that 24 hours a day, seven days a week. Look, 16 years is a long time, i am starting to feel a little bit of decompression. David do you think it is too long to run a publicly traded company . Jeffrey i think there is a right time and wrong time in terms of doing it. A company of our size, you have to do it long enough to make a difference, shape strategy. At the same time, it is good to get a new set of eyes on these things. As things change, you develop habits. Are you listening as closely as you need to . I think personally, 16 years is