Laura this is bbc world news america. Reporting from new york, i am laura trevelyan. Cases rising by the day. The United States has the third most Coronavirus Infections in the world after italy and china. The u. S. Senate fails to agree on a rescue plan for the blenomy, as the markets t yet agai pressure is mounting on American Workers and companies. The crackdown continues in europe, with major cities virtl ghost towns. In italy a little bit of good news goes a very long way. Yo dwant to build a snowman . Laura childrens parties in the age of the coronavirus. How to celebrate in the midst of a global pandemic. Cold outside, so we have to stay indoors. Laura for all of you watching on pbs and around the globe, welcome to world news america. The coronavirus pandemic is accelerating according to the world health organization. There are more than 372,000 cases around the globe. In the United States, the senate failed for the second time to pass a rescue plan for the economy, sending wall
Its been tough several months for elon musk s firm its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday it reported its First Quarter earnings. Missing expectations on earning and revenue. The company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower priced vehicle from affordable models could be a boon for cash strapped consumers, and a hit worldwide like china and india. Teslas shares soared in
Approved would and the popular Social Media Platform if its chinese owner does not divest Ownership Stake in the app. The senators are currently voting on a number of bills including one that could potentially stop tiktok. The Senate Committee has passed that bill after months of stalemate. Joe biden has previously said that if it reaches his desk, he will sign it. But it may not be so simple. Carl tobias is a Law Professor at the University Of Richmond in virginia. He says a prolonged legal battle to challenge the order will take place. All of the outlets are reporting that the company intends to sue, challenging congress legislation after the president signs it, and will make First Amendment arguments on behalf of consumers. And it would go to the federal Appeals Court in the district of columbia, and then probably be appealed by whoever lost to the United States supreme court. That could take about two years, but if they sue, so thats the situation that we have now. How realistic is
Its been tough several months for elon musk s firm, its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this its been a rocky road for tesla this year. Its been a rocky road for tesla this year. Interest its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday it reported its First Quarter earnings. The company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower priced vehicle from affordable models models could be a boon
Not a 3 or 4 economy. Maybe the dollar should not be as strong as it is now. Scarlet and opec has a deal to curb oil production, but they have more to do. Were looking to do better. Scarlet it is all straight ahead on bloomberg best. Scarlet hello and welcome. Im scarlet fu. This is bloomberg best, your review of the most important Business News, interviews, and analysis from Bloomberg Television around the world. Lets start with a look at the top headlines. The week began with change at the top in italy after voters rejected their Prime Ministers proposal for political reform. Italian Prime Minister matteo renzi says he would wait in the early hours of this morning after losing a referendum. He called to push constitutional changes. I think the expectation that the result of this referendum would have a disruptive impact on italy and possibly even on the eurozone were grossly exaggerated, frankly. It was not comparable to the brexit referendum or even to the vote in the united states,