Results from arm holdings. They were hardly bad, so why the sharp drop in its stock price . Its stock price . Yes, i think youre absolutely its stock price . Yes, i think youre absolutely right. Its stock price . Yes, i think youre absolutely right. They its stock price . Yes, i think youre absolutely right. They were its stock price . Yes, i think youre absolutely right. They were not i absolutely right. They were not terrible. Inaudible it wasnt fantastic, but was lower case conservative in nature and that is what investors keyed up on and ultimately this stock has had a meteoric rise since its listing in september that investors were calling it the price of perfection, in other words, anything less than something really good was going to elicit a bit of a pull back and i think now we are asking some questions about the ai landscape in general and whether or not this forecast suggests that some of the hypeis forecast suggests that some of the hype is going to be overhyped. At present
Cheryl good morning, im cheryl casone, in for maria bartiromo. Who is on assignment. It is monday, may 6. Your top stories at 6 00 a. M. Eastern time. Today the first full trading day in the week of may begins, futures in the green as we look ahead to a big week of earnings, disney and Warner Brothers are out. Well take a look ahead. European markets as you can see they are in the green. Thes ftse, the cac and dax are all higher. In asia weve got a mixed story, the shanghai composite up better than 1 . The kospi and nikkei are in the red. Then President Biden reportedly putting a hold on u. S. Shipments of ammunition to israel after Antony Blinken sent a clear warning to Benjamin Netanyahu about moving on rafah and more protests on College Campus bees over the weekend. Were breaking down the cost to taxpayers as the antiisrael demonstrations continue today. Plus, president trumps new york hush money trial back in session today and with six months left to go before the election a new po
Elon musk is reportedly going, quote, absolutely hard core around head count and Cost Reduction as tesla plans for more layoffs. Lets begin with futures moving lower with the fed kicking off the twoday meeting. 4. 2 yearonyear, jim, maybe a little too low. The wall street journal this morning talking about how powell feels good about higher for longer. I still think march was weak and youre not going to get a really strong number from april. Housing, shelter, thats bad. Theres also an mcdonalds did a great graphic on squawk. Theres just this belief among people theres no controlling this thing. I think you do get control. One of the stunning things is walmart cant make any money because people are too expensive. Were in a period that people think its inflationary. That has to break. What breaks it . A recognition that we that companies cant offer what theyre offering. Lets take mcdonalds. Lengths say mcdamageds misses. Misses on earnings. Yeah. They have to say we raised the price too
Elon musk said all the right things on the call yesterday. More unless expensive models. Lisa we heard we will not get any details about if he can produce 25,000 teslas on their current infrastructure, wait until august. What about robotaxis . Wait for august. Jonathan i dont think you can look at this move without looking at it relative to the year to date loss. We were down by 4 and that we are up by 10. Listen to this, 2. 5 years ago, tesla was worth the same as the next 12 Largest Companies and thats how things have gone wrong in the last couple of years. Annmarie and the big issue is demand. They have very to different firstquarter results announcements. The numbers were bad and if you look at some of the rate at which new cars are leaving deliveries, that is not promising for elon musk down the road but the words are dreamy and its this idea of august we will get may be cheaper cars and a people model s and potentially a robotaxi. Jonathan jefferies says appeasing the market. How
Now, and on this earth day, a special three buys and a maybe esg edition. The acronym may be divisive, but the returns our guest sees for these names may make you a buyer, but we begin with todays markets and bob pisani at the New York Stock Exchange. Hey, bob. Hello, tyler. We are essentially at the highs for the day and its been a good day, two to one advancing to declining stocks and yields are stable and thats a big help to the markets and lets take a look at the major indices and the s p 500 a fairly narrow trading range and just at the highs of the day and the dow industrials with a 200point trading range and the high point was right at the open and we had a midmorning slump and we recovered. Same with the nasdaq, started positive and went negative and now we see up 0. 6 . The important movers to watch are the semiconductors and see if were getting a bounce and thats exactly whats happening and nvidia was 900 six trading sessions ago and the horrible close on friday and you see t