Thinnest of reeds which is why the averages were able to war today. The dow which gained 470 points, s p advancing 2. 28 . Its hard to find a positive button house of pleasure the nasdaq gaining 1. 72 . All right, what happened okay, this morning President Trump told us hes brokering a deal between russia and saudi arabia so theyll stop flooding the world with oil that will help the price of crude to rebound back to the 20s and trigger a short rally in the stock market. One that couldnt be taken down by the shroud of gloom even as the shroud kept trying to take it down. Intermittently until being ripped from the markets rarely bullish face buy, buy, buy yep, we live in a bizarre world where wall street can momentarily overlook the fact that 6. 6 million americans filed for Unemployment Insurance last week a mindblowingly horrible record breaking number. Instead, we briefly able to accentuate the positive. It might not collapse, saving billions of bad loans and preserving Energy Indepen
Of an allout trade war. The feds hone in on capitol hill amazon under fire for laying off the organizer of the walkout in new york city. He was a guest on this show yesterday morning. It is tuesday, march 31, 2020. You are watching cnbc. Good morning and welcome im dominic chu. Your mystery chart of the day, of the quarter the one dow stock set to actually end this First Quarter in positive territory in the green. Well reveal that one name to watch coming up. First, we begin with a wild three months of the markets on this final day of the trading ahead of the open. Take a look at the dow you can see here year to date down 22 on track since the First Quarter when it fell 25 down more than 18 on track for its First Quarter since 2008 when it fell 22 so the s p taking the cake as well. Crude is down more than 60 on pace for the worst month and quarterly performance ever higher today on russia news there that they will work to steady the markets. Stock futures coming looking to add to the
Elon musks tesla has stunned wall street with its Third Quarter results. Shares of the electric car maker gained over 20 in after hours trade after it revealed a profit of 143 million. Analysts had expected a loss for the Third Quarter. And margins were higher as well. The only fly in the ointment was a small drop in revenues. It looks like the electric revolution is finally here. Last year the number of electric vehicles on the worlds roads leapt to more than 5 million and thats up by 2 million on the year before. China is the biggest market in the world. Last year, more than 1 Million People there bought electric. Its no accident then, that tesla has invested 2 billion in a mammoth new factory there. Manufacturers like tesla have been working hard to deal with so called range anxiety where electric vehicle drivers worry about how far they can travel on a single charge, as for some it can be hard to find a convenient charging point. Chris jones is chief analyst for canalys and joins m
Also in the programme its all a big conspiracy. Thats the message from nissan boss Carlos Ghosns lawyers as he pleads not guilty to corruption charges. And are you worried about the rise of robots or can automation actually improve yourjob and life at home . Well have a report from singapore. Think all start ups are run by millenials . Think again well meet the woman who took a couple of decades off to raise her children and is now making waves in the Beauty Industry by capitalising on collagen. The anti ageing industry is on the rise. So how much do you spend on trying to look younger . Or do you think its better to leave it all to nature . Let us know. Use the hashtag bbcworklife. Good to have you with us. Do send in your comments about the ageing industry and looking younger and older etc. We will share them later. We start with the electric car pioneer tesla, which has caused quite a buzz on wall street by posting a surprise quarterly profit. Shares in elon musks company have charg
Now on bbc news, 50 years from the successful apollo 11 mission, Stephen Sackur is in florida to speak to one of its astronuats, Michael Collins. Welcome to hardtalk. Im Stephen Sackur. This year marks the 50th anniversary of one of the most remarkable feats of exploration in the history of humankind. The apollo 11 mission which landed man on the moon. Im in florida to meet one of the crewmembers. While Neil Armstrong and buzz aldrin were setting foot on the moons surface, Michael Collins was piloting the command module which got them all home. 50 years on, how does he reflect on the significance of that Extraordinary Mission . Michael collins, welcome to hardtalk. Thank you very much, stephen. This year marks the 50th anniversary of the historic apollo 11 mission which you were a key part of. It means the spotlight is back on that mission and back on you. How do you feel about that . There were three of us, of course, on that flight. Neil armstrong, buzz aldrin and i. Three very lucky