Chicago for what is moving this stock. Phil reporter melissa it is not just that the q2 loss was greater than expected, tesla losing 1. 12 per share. The estimate was for a loss of 1. 40 a share the estimates were all over the map, a wide range there. Revenue coming in at 6. 35 billion, a little shy of expectations it is the automotive Gross Margins that will get a lot of attention here they came in at 18. 9 . Remember, the concern was those margins were going to be squeezed as they were pushing out the model 3, was that push to make deliveries of more than 90,000 going to hurt margins coming in at 18. 9 when many people were looking for them to be at least 20 . By the way, thats down not only compared to the Second Quarter of last year but also compared to First Quarter of this year where both of the quarters, the automotive gross margin topped 20 . They do reiterate their guidance of delivering between 360,000 and 400,000 vehicles this year the shanghai plant is on schedule to open b
Say the word and sing along. Have you heard the words of love. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Thank you for joining us. Im lauren simonetti. Cheryl lets take a look at how your money is moving on this thursday. As you can see, a mixed picture for u. S. Futures. The dow is higher by 40, s p, 1 andahalf, nasdaq is lower by 15 andahalf. Earnings to talk about. Lauren coming off record highs for two of the three. Check out the yield in the 10 year treasury, 2. 03 . Cheryl taking a look at oil. We dont have any resolution in the middle east, in particular with iran and of course londons got to now deal with iran. Weve got a gain of 34cents there. Lauren this is how stocks closed thursday in asia, mostly higher. The kospi down a third of 1 . Cheryl were waiting to hear from boris johnson, hes going to talk to parliament this morning. The ftse, the cac and dax all in the green. Lauren President Trump called the witch hunt over, following Rober
Morning, congressman and Ranking Member doug collins here to talk about all things mueller after yesterday. Ohio congressman house intelligence and weighs Means Committee member joining us and house energy and commerce manager debbie plus tennessee congressman and Committee Member is here on israel boycott bill, and c op of Raymond James paul riley on company fernings but ceo of ups will weigh in on earns and brotdzer economy. Dont miss a moment of it and top story this hour more than six hours on the hot seat yesterday former special counsel answering to lawmakers for first time leading dmets with little hope for impeachment mueller taking heated questions concerning the wording of his report and the conclusions. Watch. The president claimed your report found no obstruction and that exonerated him but that is not what your report said is it . Correct that is not what the reported said. Report did not include that he did not commit obstruction of justice is . Is that correct . Thats co
It is monday julynd fbn am starts right now. Good morning im Cheryl Casone. Im deirdre in for lauren simonetti. Great to have you here deirdre. Monday moving on this monday we have green arrows across the board pickup continues with dow up by 66 and s p up by eight and quarter and the nasdaq up by 30 and a quarter. Taking a look at the bond market with tenure treasury yield you can see 2. 04 , of course, a lot of that a lot of traders focused on had head meeting july 30th and 31st. Absolutely. Also, of course, weve got this british tanker that has been ceasedded near iran by iran, were wapping oil and again, it is up. 5 6, 79 a gain right now of a dollar 16. And overnight in asia, take a look youll see nikkei shanghai hang seng and all lower across the board. Finally over to europe taking a look at markets there as you can see green arrows across the board. And to our top story there will be no shortage of Economic Data this week so were going get a fresh look at the state of the Housi
Restarting next week thathelped things in asia. In europe, its a bit of a mixed picture. The dax up by 0. 1 you do see red arrows for both the cac and the ftse the ftse, well talk more about Boris Johnson who will become the Prime Minister there today ftse now down about 0. 8 stocks are flat in italy and in spain. If you check out the treasury yields here in the United States, you will see this morning the tenyear is yielding 2. 057 the big story of the morning, shares of Big Tech Companies like google, amazon and facebook, theyre under pressure after the u. S. Justice Department Said theyre opening a broad antitrust review of Technology Firms the review was scrutinikru desie if these companies are stifling information and harming consumers. The Justice Department does not name specific companies, but it is likely to encompass google, foos facebook this is the real first shot across the bow by william barr and the doj. You know you have the democrats, you have the republicans also afte