Investors to rethink how they value the company and shares have lost more than 40 of their value so far this year so we can now get the latest with eric delmore in new york erin. There is a big question about whether tesla is a car company or a tech company . Or a tech company . Exactly, it is the reversal or a tech company . Exactly, it is the reversal from or a tech company . Exactly, it is the reversal from what or a tech company . Exactly, it is the reversal from what we or a tech company . Exactly, it is the reversal from what we used l or a tech company . Exactly, it is. The reversal from what we used to see from tesla because the questions used to circle around whether they could make enough cars to meet demand but now the question is more like, are there enough people who want to buy them . It has been a tough yearfor them want to buy them . It has been a tough year for them with shares down more than 40 and this reflects what the company has had to weather, competition from ch
Dave stocks opening, waiting for development in a political crisis such as it is in germany, talks of a coalition to rule the country helping lift german stocks, the dax index early on. Chinese stocks took a beating, the shanghai composite down to present. There was a bounce back overnight, shanghai composite up slightly. More news for uber, the wall street journal reporting the new ceo knew about the massive Security Breach for months before telling customers and drivers. Fbn a. M. Start now. It is 5 01 in new york, november 24th, feels like a monday. Ashley it is black friday. I have been waiting for this day for years, black friday is losing lester. Use your phone, why are you showing up in the store. It is the breaking news for us this morning, kicking off this Holiday Shopping season and it was 4 years the biggest day of the year shoppingwise but that is our question, has black friday finally lost its mojo to the web and the smart phone . Lauren jeff flock joins us in the morning
Today with the dow gaining 104 points jumping to another record along with transports. S p slid 0. 04 but the nasdaq, it plummeted 1. 2 . [ screaming and many of the big cat names were down much more. Days like this one show you why i find it so worrisome that stocks within the same sector often trade in tandem n unison we joust dont know which direction theyll head in so if your whole portfolio was invested in only fast growing tech stocks you got the Steve Buscemi treatment as it went into the wood chipper. If you were diversified and the cheap banks that invested in transports like the railroads or airlines you had a fabulous day. [ applause ] it was this the house of pain. The house of pleasure. Why not out ofwhere we have a chance for tax reform it didnt seem possible weeks ago so all of the Domestic Companies with high tax bills are likely to see taxes come down big time which will give their future earnings a major boost that is the key to a higher stock price. However which awe
From internet streaming sites. Fresh hope for millions of people with type 2 diabetes, after a new Clinical Trial doctors are calling a watershed moment. And four artists in the frame for britains most prestigious art award, the turner prize. Were live in hull, the uks city of culture, where the ceremony is being held. Our main story at 5, a review ordered by the government has concluded that it is conceivable that the bombing at a concert at the Manchester Arena in may, in which 22 people were killed, could have been prevented. The intelligence service, mi5, received information about salman abedi, the bomber, before the attack but failed to put him under investigation. David anderson qc, the governments former independent reviewer of terror laws who wrote the report, added that it was unknowable whether re examining abedi would have thwarted his plans. This report is from richard lister. 0h oh my god. Voiceover march this year, a suicide bomber hasjust blown himself up in Manchester
Democrats said no. The house will have to vote on the deal again. Its a formality. Biggest tax shakeup in generation. The winners, in my opinion, business, lowtaxed states. Wall street journal says it is a return of the politics of growth. Democrats hate it, senator schumer says its a disgrace, absolute disgrace. Elizabeth warren calls it a tax heist and Bernie Sanders says it plays to the billionaire class, but it is a win for President Trump, maybe thats what the left just cant stand and the president tweeting that he wants to hold a News Conference this afternoon. Today december 20th, 2017 historic, Merry Christmas, everyone. Varney company is about to begin. With further amendment, the tax cuts and jobs act is passed. Stuart bit more applause confetti, why not . We added that. Not that much applause and cheers from exhausted senate last night that. Was the scene on capitol hill when the bill passed the senate. For technical reasons the house has to vote again, as we said, thats a f