And of course the move towards modern technology is one of the reasons why the ministry has forced the government to move towards electric vehicles. We use at least 10 liters of petrol for every 100 km and the price is 27 thousand tomans there. We have 270,000 tomans. In fact, you consume fuel. Every 100 kilometers , you consume about 13 kilowatts. Ministry of petroleum by replacing every petrol taxi with an electric taxi will save 1,000 euros or about 650 million tomans in fuel. In 7 years , buses will be electric. The subway is now electric. Taxis and motorbikes are the First Priority because the amount of travel that a taxi can take per day in tehran. It is much more than a car for the fleet. The public transport of tehran municipality is planning to buy 5 thousand electric buses. 2,500 domestically produced buses and 2,500 foreign buses. The path of movement is based on public transport frameworks towards electrification. By replacing these buses in the transportation fleet a city
Would be a market improvement from these wounds that we experience, there is so much tension in the air, im going to try to cut through it, the good thing i have some of the best to help me, President Biden meeting with the japanese and korean counterparts, how much will they callout china if at all, the counteroffensive is failed, what is next for ukraine, did elon musk kick bitcoin to the curb, Natalie Burnell joined me in studio, really beating the peak time of consumerism, see the latest example of the nation addictive to spending way more than they have, that is my take, all that and so much more on making money. Charles i decided to dedicate today show to petra belgium draft horse considered to be the Strongest Force in the world because 2023 has been all about the rare breeds that have carried the stock market and now of course they look vulnerable, i want to get overseas were the biggest stocks in europe is be dismantled, this headline youre looking at is a reaction to this com
Congress. We are getting fox business Edward Lawrence in front of the camera to give us the up to the second news on president bidens latest comments on israel and whats happening with the hostages. If you see this 87point loss on the dow, turn your attention to the nasdaq. The loss is much bigger, down 308 points, 32. 33 . Thats investors 2. 33 . Alphabet plummets 9 plus percent right now, the stock on pace to lose more than 162 billion in market cap which would mark its largest oneday loss in value ever. This is all about weak cloud results in the parent of googles Earnings Report which came out after the bell last night. The stock is really acting like a dark cloud over the nasdaq. If the composite does close down 217 points, 6 points or more and, of course, yeah, we are definitely below that here, down 314 points, that will mean the nasdaq has officially entered a correction. Correction, of course, defined as a decline of 10 from the recent high. We will be talking about that. Inte
Session winning streak so what could potentially derail it could it be the fed well hear from two fed president s in a couple minutes when might the first rate cut be come something well see if they answer that. But first a check on the markets. Dow trying to make an eight day streak nasdaq still down a bit. And lets take a look at changes of zeekr, a chinese e vv maker going public opening at 26, trading at 27 and change and novavax reaching a deal that involves developing covid and flu vaccines is an any. And lets begin with the market and what the fed does and says from here mike santoli is joining us and i think first thing id observe is that Interest Rates by the feds are stable for ten months, i think that youd have to say the policy setting is in a pretty good spot when youve had the economy growing and inflation mostly continued to go down so to me that is the basis for whatever win discuss here. But what the fed does next, it is clear that there is an orientation toward trying
Lunch. First, a check on these markets, though, the dow is up 0. 6 lee munson thinking 5400 is next for the s p 500. Take a look at shares of sinclair sources are telling cnbc that the Media Company is looking to sell more than 30 of its 185 owned or operated o o broadcast stations, those shares up nearly 15 . Were carefully watching consumers. Several Food Companies reporting results. Cheesecake factory beat on earnings Krispy Kremes heartshaped doughnuts was the bigger day of selling. I have to admit, since they are started selling in grocery stores, my waistline has increased. This new ad for its brandnew i pads, it shows musical instrument, lit wally getting crushed, seemingly showing you can do all of those things on a new slimmer, thinner ipad, but many are saying that the i up and down and apple are crushing Something Else, and that is humanity. Steve kovach is here with the story. This is kind of polarizing, mostly because of the reaction i saw the ad i immediately didnt think,