Tesla cuts plus, stocks overall are looking for some traction. This after the s p notched its fourth straight down day the nasdaq remains on pace for its longest weekly losing streak since december of 2022 and Las Vegas Sands is amongst the biggest laggards thats ahead of the open thats despite an earnings beat. Blackstone, as carl just said, alaska air, dr horton, weve got a host of companies that are reporting earnings, and well get to all of them lets kick things off with tesla today, on track to open awfully close to a fresh 52week low. Deutsche cuts to hold from buy, cuts its target to 123. They were at 250 in february as theres a whole revisiting on what exactly the future model of tesla is going to be yeah, look, if youre going to roll the dice and decide that what really matters is selfdrive, something that has not worked for anyone, to tell the truth, then what you really do is box yourself in a corner what people really wanted was a cheaper car to compete against the chinese.
Week look at what happened overnight in asia. The nikkei eking out another gain a gain of 9 points, but thats the 14th day in a row that weve been looking at gains for the nikkei these are the highest levels weve seen in 21 years nikkei closing at 21,457 the hang seng with a gain of 1. 17 . And the shanghai up by 0. 28 the dax is up, the cac in france is up by 0. 21 spain is up, but just barely look at crude oil snapped a fourday winning streak. It is still above 50s a b s a on the wall street agenda just one piece of economic data, september existing home sales out at 10 00 eastern time. Well watch that carefully after getting some week housing numbers lately fed chair janet yellen is the keynote speaker this evening at an event at National Economists club in washington ge, honeywell, Procter Gamble, suntrust reporting results before the open. Later today an exclusive interview with ges chairman and ceo, John Flannery 10 00 a. M. Eastern, squawk on the street. Just to give explain why
The Mission Statement for our nation laid out in a supersized font so that no one could forget what this document, our constitution, is all about. Our founders didnt start out by saying we the privileged. They didnt call for a document form of government for we the powerful. Indeed, they wanted to make clear that the structure of the government that they were founding would be different from those in europe that function from the privilege and the powerful. As president lincoln summarized our nation of the people, by the people and for the people. That is the vision. Thats the vision ive been coming to the floor and talkinger about for the last year and a half. About the importance of ate government that responds to the issues that affect the citizens across that listens to the people of this nation. President jefferson said that the mother principle of unitednt states was that we have a government where each citizen has an equal voice. Admittedly we had the closet had to be corrected
Turkey. In germany, chancellor Angela Merkel suffered a political setback. The antiimmigration alternative for Germany Party made strong gains in preset elections that were dominated by the refugee crisis. Support for her Democratic Union fell across the board. Donald trump is trying to counter a late challenge from john kasich and ohio. Polls show john kasich a be pulling ahead, and days before the primary there. His campaign has been overshadowed by growing violence at his events. Activist groups and supporters of democrat bernie sanders. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus and now to thed, markets with matt. Matt take a look at futures. We are down across the board. Not huge drops, but a loss of 15 points on dow jones. If you take a look at the indexes, or lets take out the s p and look at yourtodate, you can see we are at a level to almost where we back to were at the beginning of the year . Being unchanged for the year, which is co
And the numbers at the center of that debate. And really surprising numbers, at that. Yeah. Bigtime downward revision to the tracking forecast for gdp. We call it the cnbc rapid update. We have the street come in, create a median. It is down 0. 5 . Were now down below 1 . This is a number above 2 . The story we have been looking for a bounce back after that weak Fourth Quarter number, which, by the way revised up. Still looking of north of 2 . Now down to 0. 9. Bigtime revisions. Atlanta fed down 0. 8. So lopping off almost a full percentage point, scott. Auto com all comes from the jany revised down sharply. February, nothing to write home about. This is the area, stephanie, of the economy that people had high hopes for. You know, on numerous occasions. Have cited the strength in the consumer for the reason why youve bought certain stocks. The consumer is very important. 70 of the u. S. Economy. Certainly very important to keep an eye on what these numbers are showing. I think its ver