Quarter as the company gets ready to launch the cyber truck and why elon musk and company should be watching very carefully what happens in detroit. What if the uaw tries to unionize tesla . Well discuss that next. Plus, the tenyear yield rising to new highs we havent seen back in 2007. How much higher can it go, and what will the impact be on equities . Today is the perfect day to discuss it because Rick Santelli is in the house. Looking forward to that. Lets get a check of the market, just off session lows. Really turned lower. Dow down half a percent right now. Similar for the s p. Nasdaq is up 19 points and the russell 2000 are the worst performer. Tyler mentioned the rising yields, especially hurting the utilities today of the one Place Investors go and its pressuring the business model. Its yeartodate drop is down to a 21 decline. Poster child seems to be nextera getting hammered losing a quarter of its value in a week. Theres nextera partners, both nep and nee are under pressure
Positive by 0. 5 . It is all about the calendar this week, all about the tech earnings. Tuesday, tomorrow, tesla. Wednesday, meta. Thursday, google and microsoft. Lisa its going to be interesting to see whether even a beat is a disappointment to market because so far that has been the tone. Weve gotten the biggest selloff going back to late 2022. Have we already priced out that potential disappointment set out for a positive upside surprise, or is this a pivot point at a time and a lot of uncertainty . Jonathan lets talk about tesla. Downline 2. 4 this morning. More than 40 yeartodate and we start this week with another round of price cuts. Annmarie a string of bad news is coming to tesla and some tomorrow they are supposed report first revenue decline in four years. A challenging Earnings Call for elon musk. Not just the cuts. Across the board, china, europe and the u. S. , but also the job cuts. The fact that they are trying to basically pin the future on this robotaxi that remains a
I just getting used to the smoke . I hope not. You know, it really varies in your location. Like im kind of close to the water and i had a really strong onshore flow yesterday and i was like, its not that bad. But then i heard other people say, it is way worse. So the wind has a lot to do with it and it should be worse in the morning because the winds have backed off. And with that, we kind of get the smoke piling up. But we also have the marine layer out there this morning, which is over 2500ft deep. So, yes, in some spots, when we look at the current air quality, it is moderate. We even have a green there by vallejo. So it is a little bit better. I really think that sea breeze yesterday they helped us out, not a whole lot going on with the sea breeze. Now we have the upper level northerly winds. Heres our loop from today. Notice were under the light blue, which is better than the oranges. So that means well have some haze. And i do think it might be a little bit better. Look, in the
Smart home device and generative alexa. We discuss with david lynn. Ed we are going nowhere on any asset class related to technology or otherwise. It is fed day and we will have special coverage of that decision later this afternoon. Basically the market sees them holding rates steady. Nasdaq 100 completely flat. Nasdaq Golden Dragon index had been outperforming, up a few tenths of 1 . We will talk about u. S. China relations in the context of tech later in the show. U. S. 10 year yield, for 3 . Bitcoin at 27,000 u. S. Dollars per token. This is the definition of treading water ahead of the big fed decision. Caroline all eyes on the macro. Go micro for a moment, the stock movers are interesting. There are updates from Certain Companies and im looking at the likes of intel for example, has been paring an earlier decline but notably we are seeing currently off by more than 2 . This is maybe the invasion day did not live up to expectations and particular we wanted color around 18 a chips.
Greenlighting an investigation into biden without any evidence of wrongdoing. And in moments, ill speak with the throne and mccarthys side, that is republican Congressman Matt Gaetz who is threatening to oust the speaker, in part over this issue. But first, some context. Republicans want to know if President Biden benefited from his sons business dealings. And that is a legitimate question. But the doj did spend here is investigating hunter biden, and so far there has been no evidence that his father did benefit. Meantime, House Republicans and their investigations have presented zero direct evidence to contradict that. Also, mccarthy is to invest now unilaterally without even a vote, even though Kevin Mccarthy himself from 11 days ago disagreed with that method. Quote, if we move forward with an Impeachment Inquiry, it would occur for a vote on the floor of the peoples, house not for a declaration by one person. And just four years ago, mccarthy attacked democrats for doing the same.