Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and also obviously difficult to advertise when you have a wash, it was quite good. Now, the stock is down literally
Companys ceo as it also gets ready to report after the bell speaking of earnings, it is the busiest week of Quarterly Results, nearly onethird of the s p 500 and 20 of the dow are reporting. F apple and amazon lead the way this week. Lets begin with tesla, rallying in the premarket today, following musks visit to china. The company, winning approval to roll out its full selfdriving technology in that country, jim. This is a partnership with baidu, being called a watershed moment for fsd you need to have i remember when i rode in a waymo, which is googles product, you had to have the google map you just need this infrastructure in order to be able to make it. It was obviously being withheld. Is it worth 22 points . I think that people were short tesla, betting there had to be more lets say, more earnings problems i mean, theres an evercore piece, lowering price target, that was probably prechina. But david, there is a sense among the companies that make selfdriving that theres this holy
Fox news at night. And breaking right now, all eyes on philadelphia after backtoback nights of rampant looting and dozens of arrests. We are monitoring what could be night three. These, on the right side of the screen, live pictures of philly. And if crime breaks out well break in live with the very latest. Meanwhile Christina Coleman is live with what happened and what were learning about the suspects arrested so far. Christina good evening. Reporter good evening trace, second round of looting and flash mob thefts reeked havoc in philadelphia last night. This comes after crowds of thieves smashed their way through stores in several parts of the city tuesday night during an hours long crime spree. The looting started that evening after a judge ruled to dismiss charges against a local Police Officer who shot and killed 27yearold Eddie Irizarry during a traffic stop in august. Demonstrators peacefully protested the judges decision however police say criminal opportunists to advantage of
Having some confidence that whatever that price is, were going to meet that. So i think were very comfortable with our ability to deliver the projects in phase one, but i do understand the projects in phase two and three, because those are further out. And then the question is, when do you bring them into the fold. And i agree with andy, in that were constantly looking. When we identify a solution, say, in phase one, it could eliminate something in phase two, so we want to come to you and let you know. So the other thing is that we talked about, this is a large program. Its a lots of projects. So we can go over the whole thing in one sitting, but you will be sitting for a long time. So we talked about doing it in chunks. So treatment is a chunk. So thats why we wanted to go over that. But the one thing that ive heard is that we want to be sure that we crossreference whats in phase one and phase two, so its clear what were combining. Like we did before. If something is eliminated, we cr
When we get our designer, they feta cost estimate. So we have three levels of having some confidence that whatever that price is, were going to meet that. So i think were very comfortable with our ability to deliver the projects in phase one, but i do understand the projects in phase two and three, because those are further out. And then the question is, when do you bring them into the fold. And i agree with andy, in that were constantly looking. When we identify a solution, say, in phase one, it could eliminate something in phase two, so we want to come to you and let you know. So the other thing is that we talked about, this is a large program. Its a lots of projects. So we can go over the whole thing in one sitting, but you will be sitting for a long time. So we talked about doing it in chunks. So treatment is a chunk. So thats why we wanted to go over that. But the one thing that ive heard is that we want to be sure that we crossreference whats in phase one and phase two, so its cl