The dow is down over 200 points. Of course, pointing to weaker than expected Manufacturing Survey that was definitely the trigger. A lot of the rally since late summer was about a process with industrial activity. I will point out weakness today is not specifically concentrated in manufacturing, it seems like it is an excuse to say we had a nice run, havent had many pull backs. See the nasdaq down 1. 4 not full of manufacturing. It is more of a general cemen sentiment. U. S. Data not improving on time according to the schedule investors were hoping, we have a backoff. I would point out, s p is back to where we traded a week ago friday were skimming a bit off the top of the last part of the rally. Dow is down 220 as we talk now. Meantime, lets turn to the political ad hold outs mark sazuckerberg was reiteratig facebooks policy for now. At the end of the day i just think that in a democracy people should be able to see for themselves what politicians are saying even if the ads contain fa
1 it is not the fed. Its not the trade talks, its demand demand for money demand for homes, demand for processing, demand for cancer drugs and programming and demand for cell phones and demand for planes and of course perhaps most important, demand for stocks yet if you listen to most of the experts you here a lot of fury about ow the Global Economy has gotten weaker because the trade war has shut down international trade. I dont want to sugar coat anything the Global Economy has absolutely taken a hit yearoveryear and the tariffs are part of that but here is the thing. Many stocks were trading like were about to get an even more stringent round of tariffs and that didnt happen instead the president started negotiating with china and that allowed a host of flailing stocks to get their mojo back. The tariff made it strong that without the averages demand would have never made it this far. Let me walk you through the places where that demand is m t most palpable first there is demand for
Halloween costume and rumor has it, popeyes chicken sandwich is coming back with an extra perk. It is thursday, october 24th. Fbn a. M. Starts right now. I want some more. What are you waiting for. Take a bite of my heart tonight. I want some more. What are you waiting for. Cheryl welcome to fbn a. M. Good morning, im cheryl cheryl. Tracee goo. Tracee cheryl caso. Cheryl today the busiest day for earnings for the entire reporting season. Weve got a slew of numbers coming out. Before the bell well hear from twitter, southwest, American Airlines. The s p is up 2 and three quarters, nasdaq up almost 30. Tracee stocks in asia right now, mixed with the nikkei and hang seng pointing higher. Cheryl taking a look at europe, its been a pretty decent week so far for european markets and theyre watching u. S. Based earnings as well. The ftse, the cac and the dax are all in the green this morning. Tracee Mark Zuckerberg sounding a note of defiance. He was grilled by lawmakers as he defends his pla
Designeds a mobile app to share content with friends, but it looks a lot like snapchat messaging. We have the details. First, our top story. Foras bad news, good news tesla after thirdquarter delivery numbers. Cars. Ivered 97,000 elon musk had hiked the idea of reaching 100,000. Tesla shares sank. Analyst looksc ahead to earnings following the delivery numbers. We have them falling short of guidance. Even if you look at the production levels, there was some record production levels, 96,000 some odd units they would need to be a significant increase in that. I think there is hope the shanghai factory will be able to come online, but we remain skeptical. Taylor with more, i want to bring in orton johnson, and also and also iohnson, reporter. We talked about the delivery numbers. Im curious about that composition mix. What do you make of the different models and the price differential . The model three was 82 of deliveries. Three,reat for the model but it is a concern because the margins
Introduces a mobile app designed to share content with friends, but it looks a lot like snapchat messaging. We have the details. First, our top story. It was bad news, good news for tesla after thirdquarter delivery numbers. It delivered 97,000 cars. Elon musk had hiked the idea of reaching 100,000. Tesla shares sank. Earlier, an rbc analyst looks ahead to earnings following the delivery numbers. We have them falling short of guidance. Even if you look at the production levels, there was some record production levels, 96,000 some odd units they would need to be a significant increase in that. I think there is hope the shanghai factory will be able to come online, but we remain skeptical. Taylor with more, i want to bring in gordon johnson, and let me start with you. We talked about the delivery numbers. Im curious about that composition mix. What do you make of the different models and the price differential . The model 3 was 82 of deliveries. It is great for the model three, but it is