Than one. It gets ready for a new way of looking at the world. And taking onber taxis. Down 20 ,solarcity the biggest fall since the companys ipo in 2012. One reason the report installation growth will slow. They will become cash flow positive after being you guessed it cash flow negative. Y also want to reach their their giving up on their goal for customers. Thats not it. Sun edison down 10 . Our correspondent covers energy for bloomberg. We are glad to have you here, as well as the bp Equity Research or. Mark, let me stay with you. The stockcity news, is down. I sort of do not care about the stock. I just want to talk to you because you are in the world of energy. Is this different from what else is going on in solar or is this compression across the industry . Guest there are a number of headwinds that solarcity and its competitors are facing. It will see a tax credit that is quite beneficial to its bottom line cory it is a tax break of 30 . 14 months left in the calendar and the m
Hp is hoping two is better than one. It gets ready for a new way of looking at the world. Knocking out uber and taking on taxis. Shares of solarcity down 20 , the biggest fall since the companys ipo in 2012. One reason the report installation growth will slow. They will become cash flow positive after being you guessed it cash flow negative. Also deemphasizing the earlier byl of a million customers 2018. Denying rumors that he will announce a stake in the company. Sun edison down 10 . Our correspondent covers energy for bloomberg. We are glad to have you here, as well as the bp equity researcher. This solarcity news, the stock is down. Is this different than what is happening in the rest of solar . I think the Solar Industry is facing a number of pressures. One being by the end of next a tax creditl see that is quite beneficial to its bottom line cory it is a tax break of 30 . 14 months left in the calendar and it makes all the difference as to whether a solar installation is profitabl
Off the session lows, giving up all of the gains that we saw earlier. The turnaround started around 10 30 when the u. S. Crude inventory numbers came out. It has been up and down for the markets. The s p 500 is in the negative down. 25 . It was positive for most of the day. The dow is raising its positive number, up about. 10 . Of s p 500 p materials are the biggest leader, up i 3. 3 . This is because of talks of the potential merger between dow and dewpoint. The biggest percent gainers. Energy is higher, number two. Up by about 1. 5 . Utilities are up by. 5 . Let me get rid of the appointment reminder. Lets take a look at crude, it is trading lower right now. Down by. 3 . It spiked at 10 30. That was when the crude data numbers came out showing inventory fell by 3. 6 Million Barrels a week. Yesterday, we saw oil hit lows not seen since february, 2009. We are on track to continue the decline. Alix the huge built in distal it 5 Million Barrels . This is a different capacity. You also me
Half hours time. It looks like investors do not anything germanic ahead of that on a macro basis because the s p and dow slightly lower. The nasdaq slightly higher here today. Gross closer to resuming and surpassing its record high. Take a look at my bloomberg terminal. I the intraday moves going back to six months. The record high was reached back in july, july 20 to be exact. We are 1 below that level. Indo see a rally for stocks december. We could see not only the nasdaq but other averages once again surpassed those records. Today, yahoo ogy is in focus. The wall street journal reporter that the company was considering a sale of its main core internet business, leaving olli alibaba states. Qualcomm is an outperform after coming to an agreement with xiaomi. It is a 3g and 4g patent agreement that will allow for royalty fees. This is important because qualcomm had said last month that it was maybe having issues with negotiating those speeds with its chinese customers. You can see the
Lets head straight to the markets desk with julie hyman for the latest on this selloff. It has to dond with oil. If you look at the major averages we are seeing a deep decline of nearly 250 points for the dow and that is despite the fact that one very big company in the s p is actually on the rise. Market cap does indeed surpass apple. Up 4 today. Just around 543 billion dollars is where it is right now. That is not helping overall because as you take a look at the number of terminal, energy is such a big drag. Down near 3 are and financials are falling and industrials. So it is a broadbased decline. Energy may be leading but by no means is that exclusively accounting for the declines. Oil is down nearly 5 today and once again, we have a two day loss in oil. 2011 if west since hold at these levels. There is trepidation over the weekly inventory report. A couple of large cap oil companies. A 91 drop in profits. Exxon mobil reported a drop in profits as well. Earningspershare Beat Estima