Session. Now things, if you can believe it, they arent as a bad as they were earlier in the session. The dow was down 706 points at its low, now down 442. The s p 500, its falling by 31 at the moment. The nasdaq is recovering somewhat from its low of 368 points, now down close to 134. And the russell 2000 is down by 17 points. Of course, those are the small caps, really not great with the Interest Rate outlook from the fed with todays gdp report. And that e do klein set in motion decline showed that the economy grew much slower than expected and that inflation remains persistent adding to fierce over Interest Rates and stagflation. Plus, Jpmorgan Ceo Jamie Dimon pouring more fuel on the fire, this morning he expressed serious doubts about the likelihood of a soft landing. I look at the range of possible outcomes, you can have that soft landing, im a little more worried that it may not be so soft, and inflation may not quite go away. The odds of a soft landing, the market kind of prices
With plans to spend even more aggressively on a. I. Also, that Second Quarter guidance, perhaps, not that exciting on top of that, we got a massive earnings day comcast, five dow components also reporting, merck, honeywell, caterpillar, dow and ibm, one of the biggest laggards on the s p, by the way lets begin with the Market Reaction to the weaker than expected gdp, jim. 1. 6 looking for prior actually, it was about 2. 5 . Goldman was at 3. 1 . This is one where people were obviously the wrong way on both. Wrong on how slow it is and wrong on inflation so, the fed needs some help. These were numbers where you could say, you know what, they can cut. But david, you dont cut when you have this kind of inflation. So, the core price index, up 3. 7 when you were looking for 3. 4. What are you smirking about . These are awful numbers. Im not smirking. I was looking at you happily, happy to see you my gosh. What am i, your kid you bring me to work today listen to me gdp no. The worry now is s
Another twist in the 2014 yahoo hack. U. S. Officials blame russian intelligence. Elon musk needs to raise 1. 15 billion to bring his model three to market. His believers could hardly be happier. Tesla shares rose on the news. Elon musks purchasing 25 million of common stock. The tesla model three is set to begin production in july. We caught up with a bullish analysts and bloombergs david welsh. Analysts are skeptical. We were still hearing that he will have to go back and get more money. One possible explanation is it will be a soft launch of the model three. They will be building production more quickly next year, when they need to come back for more money. Maybe early in 2018. Jamie from consumer edge research, are you convinced 1. 15 billion is enough . They are burning like mad. We saw almost 1 billion. Thank you for having me. I dont think it was enough. Im surprised it wasnt a bigger transaction. There is a lot of positive sentiment among the Investment Community looking ahead
Another twist in the 2014 yahoo hack. U. S. Officials blame russian intelligence. Elon musk needs to raise 1. 15 billion to bring his model three to market. His believers could hardly be happier. Tesla shares rose on the news. Elon musks purchasing 25 million of common stock. The tesla model three is set to begin production in july. We caught up with a bullish analysts and bloombergs david welsh. Analysts are skeptical. We were still hearing that he will have to go back and get more money. One possible explanation is it will be a soft launch of the model three. They will be building production more quickly next year, when they need to come back for more money. Maybe early in 2018. Jamie from consumer edge research, are you convinced 1. 15 billion is enough . They are burning like mad. We saw almost 1 billion. Thank you for having me. I dont think it was enough. Im surprised it wasnt a bigger transaction. There is a lot of positive sentiment among the Investment Community looking ahead
The US software company said it has 900 employees in Bangalore, India, developing products for the globe from here. Rubrik has hired engineers, product managers, and UX designers in India along with setting up a significant chunk of its customer service team out of India.