1 2 3 boeing is having a big day today. The reopening trade is in full effect Piper Sandler is up today. They say the pain trade is up. They reiterate their 3,600point yearend target for the s p, which sounded crazy when they first put that out, but now i wonder if we have to start looking at that as a coming formali formality, as crazy as that sounds look, ive been adding capital to the market and if you asked me a month ago what i would be doing, i would tell you, i would be down 50 in my exposure not for performance, but for taking money off the table this has sort of hit the frenzied period. The reason why its doing that is because its a valuation holiday, its a fundamental holiday. And when you see things that are happening in the real world, the social injustice, the division in the u. S. , the division in terms of International Relations with merckel not wanting to come to g7, with the relationships of china, you would say, you know what, the markets getting through that so i fe
Lore, then paring back some of those losses. Lets check the a markets, right now the down is down 84 points. The s p 500 down 10, the nasdaq has been fickle as a well today, flitting back and forth over the unchanged line. Right now though down 33 points. Those are off session lows. Were going to be focus on that all day. The techheavy composite, the nasdaq, has been buoyed by tesla. Top of the index right now with an 11 gain. Tesla are reported earnings, miss on eps and revenue expectations. Theyre trying to navigate slumping sales, falling demand for evs and, of course, competition from china, but promised investors it would speed up the development of new, more affordable vehicles. Of course, looks like very happy to hear that. Investors and analysts also flagging one quote from elon musk that claims tesla, its not really an ev maker after all. I think cathie wood said it best, really we should be taught of as an a. I. Robotics company. If you value tesla as an automobile company, y
Of an explosion on a train renaultnissan targets annual sales of 14 million vehicles, by 2022 as the automaker lays out its bullish sixyear strategy. And Ceo Carlos Ghosn tells cnbc he is confident in the french governments plans to sell down its stake. They said they want to do it at the moment where the market is more favorable, which i understand, which i understand yes, i have no doubt on the fact that they will do it because they said so good morning, its friday. We have more bad news to deal with when it comes to another Missile Launch over japan coming from north korea and the unfortunate news coming out of the London Underground before that, lets get to the stoxx 600. We are lower to the tune of 0. 2 , despite the fact that european stocks are set for the best week since july investors by in large shrugging off the latest news out of north korea. For the week, we have done well. Seems like were finally recovering from this summer dip we have seen in large part because of the st
Prosecutors and are only sketchy details about why the man died in the hands of officers. A baltimore tv station says the autopsy shows injuries like those suffered in a car crash. Annex to stop was made that was not reported. The city was mostly quiet overnight. A third night of curfew was ordered after protests over the death led to writing on monday. Last night police in riot gear led protesters out of an intersection with a pharmacy that burned down earlier in the week. The police have said they will keep investigating the case even though the state attorney now has the report. This does not mean the investigation is over. If new evidence is found, we will follow it. If new direction is given by the states attorney, we will follow through with the investigation. Betty anger about the gray case is spreading beyond baltimore. Protesters in philadelphia c lashed with officers. The death toll in udall is now at 5200. Six days after the devastating earthquake, nearly 14,000 were injured
Switzerland after the Iran Nuclear Talks stretched through the night in a marathon session. Officials say discussions are now focused on whether the u. S. And eu would agree to ease sanctions apart from those of the u. N. In political news indiana lawmakers expected to announce a deal today to alter the religious freedom law. The legislators want to ensure the rules dont discriminate against gays and lesbians. Well have a live report in about 20 minutes. On the economic front, three reports of note weekly jobless claims International Trade and factory orders. In Corporate News micron warning of lower revenue. The chip maker is willing to hold inventories longer in light of weaker customer demand for electronics that uses technology. The wall street journal meanwhile reports that the European Union is preparing to file antitrust charges against google in the next few weeks. Just works too well. The paper says the eu could fine the company up to 10 of its annual revenues and in other new