Difficulty of hitting it. They need to hit it if you are tesla or apple. Lets begin with apple. This from counterpoint research. Iphone sales in china following 24 . Lisa how much it this weakness in china and how much is this the nationalism around huawei and going away from apple phones . These are the Big Questions from apple and tesla. How much is this is endemic of an economy that is slowing. Jonathan lets go through these numbers from tesla. Tesla had a difficult session. The numbers from the china Passenger Car association, shipments out of the shanghai factory down 6 month on month and year down 19 . Lisa this is the reason you are seeing shares down 2 . Tesla is down more than 50 from its peak in 2021. This is very much a china story about demand for u. S. Auto manufacturers. It is hard for them to hit the price point. It is also about the idea u. S. And china are moving farther apart. He saw this with amd and regular issues that would get in the way of commerce. Jonathan tesl
President biden spent part of his Labor Day Weekend touring damage left behind by hurricane idalia in florida. Notably absent, potential rival and current republican governor of florida ron desantis. Well, no, im not disappointed. He may have had other reasons. With four months to go until the first primary contest, well take a closer look at the state of the president ial race. Gop candidate nikki haley joins us. Well ask her how shes keeping up as the former president continues to dominate the polls. And well speak with vermont senator Bernie Sanders who recently delivered a speech in an early primary state, calling on the Democratic Party to do more for workingclass voters. What about a potential independent ticket . Well talk with former maryland governor, republican larry hogan, who is a leader of a Bipartisan Group that could launch a president ial bid. Will hogan be on it . I have not closed the door to that. Well have analysis from political strategists, Ashley Etienne and terr
Politics enters a disaster zone. President biden spent part of his Labor Day Weekend touring damage left behind by hurricane idalia in florida. Notably absent, potential rival and current republican governor of florida ron desantis. Well, no, im not disappointed. He may have had other reasons. With four months to go until the first primary contest, well take a closer look at the state of the president ial race. Gop candidate nikki haley joins us. Well ask her how shes keeping up as the former president continues to dominate the polls. And well speak with vermont senator Bernie Sanders who recently delivered a speech in an early primary state, calling on the Democratic Party to do more for workingclass voters. What about a potential independent ticket . Well talk with former maryland governor, republican larry hogan, who is a leader of a Bipartisan Group that could launch a president ial bid. Will hogan be on it . I have not closed the door to that. Well have analysis from political str
Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and also obviously difficult to advertise when you have a wash, it was quite good. Now, the stock is down literally
Jonathan lets get you to the weekend. Live from new york city, good morning, good morning from our audience worldwide, we are closing out the week and heading towards the weekend, looking for four weeks of gains on the s p 500 with a sprinkle of fed speak. Kashkari, daily, and for the really committed, sunday at chairman powell commencement speech. Lisa im sure everyone around this table is very committed and some are double dipping this week. Yesterday, fed speak was kind of the same, higher for longer to gain confidence. I want to bring you to raphael bostic. If things dont go that way, im not locked into policy but if they go that way, he could see a cut by the end of the year. Annmarie i love how that is the most dovish thing you can get, but this week has shown us that there is a difference between relief and surprise. The data that we got was relieved. Surprised was the First Quarter. This week was relief, the market maybe starts to see buying and it backs off with fed speakers w