Off a little bit still at 1253. 5. We see oil continuing to rise. Nymex crude now trading at 90. 63 per barrel. That is putting pressure on the market. N in the strike story, getting you up to speed in auto stocks. Mix performance from ford, gm, and it still and tense with us to lantus and gm higher on the day and forward a little weaker. For those wondering why you might not see a sizable selloff in the names, the Analyst Community has been weighing in with the argument being that most people expected we will get would get to the deadline and ultimately have no deals. Because you are seeing a strategic approach or by the uaw, the damage in theory could be worse. We will find out what happens over the days ahead. We are watching weakness in the supply chain. The car stocks. The Auto Industry publicly traded version. Carvana and carmax are down today. They were up into the news. Advanced auto parts down it now. We will continue to watch all the names. If there are fewer vehicles coming
At some archival pictures from the Watergate Complex, which is a hotel office and condo here in washington, d. C. Our phone lines are open. Were dividing them among democrats, republicans and independents. 2027488001 for republicans. 2027488000 if youre a democrat. For independents, 2027488002. Joining us on social media, send us a tweet, cspanwj, or on facebook. And good sunday morning. Thanks very much for being with us. We want to talk about watergate some. Say there are potential parallels to where we are today. Tell us what you think. This is first from u. P. I. , which takes a look at the resignation of Richard Nicks sandon how the events unfolded 26 months earlier with the breakin at the Watergate Complex. A 26month saga that morphed slowly into perhaps the greatest political catastrophe in American History and saw the only resignation ever of a u. S. President grew out of a small washington, d. C. , office suite exactly 45 years ago. It was just after midnight on june 17, 1972,
It is a thursday in new york city. Im Erik Schatzker. Im stephanie ruhle. Lets talk about wall street. Times it be the best of and the worst of times at the same time . That is the question for wall secondquarter earnings season winds down. Quantitative easing is still crimping profits, new revenue is still scarce, but most of the big banks are lending more and cutting costs. Our contribute in editor with us andskype says it is a paul miller is with us from greater dcaa paul, i suspect you are not so inclined to agree with bill. Do you see positive signs . We do see positive signs. I went into the Second Quarter thinking more pessimistic than i should have been, that there are some signs of lending going on. The margins are still very skinny, you have some liquidity out there. Jpmorgan said utilizations are up two Percentage Points from the first. Wanted to dou skype only because you know i disagree with you on this golden age. But lets talk about fixed income. Fixed income numbers are
The second quarter. It is teaming up with panasonic to build a socalled gigafactory. The plant will produce lithium iron batteries, which has been a challenge for tesla. Cory, what is your take on the numbers . Are they good, not so good . Yes. There were some numbers that were good and some numbers that were not good. There were some things that were weird. Lets give tesla credit where credit is due. They showed a revival in sales. The company has seen a decline in sales in a quarter over quarter basis. March quarter going into june, you thought maybe in the early parts of summer they would sell even fewer cars. Tesla saw an increase in the number of cars sold. The sold about 1200 more model s cars, and that meant a 17 quarter over quarter increase. They need to do that. They have had a big target out there for annual sales in terms of units of 35,000. Even the revenues are really hard a lot of times we look at companies and say, look at the revenue number, look at the earningspershar
Other products performed well. We will hear from ceo. And mark your calendar. Iphone is set to unveil its latest phone on tuesday. We have completed details on apples media event. To our lead story. Fox wouldrst century drool at the offer to grab the owner of hbo, turner, cnn and more. Instead, it authorized a 6 billion buyback. Engage to explore an offer that was highly compelling. It undervalues our stock and makes it unattractive to fox shareholders. The news said shares of time warner plunged in afterhours trading. We are joined in the studio by correspondent Jon Erlichman from the disney lot in burbank. John, you have been speaking with the fox camp. What do they have to say about this . Over the last few hours we this isrd people ask if gamesmanship, if fox is making this announcement to put pressure on time warner. My understanding is that is not the case. Of money behind a buyback would not speak to that. You heard from her burden doch in that statement Rupert Murdoch in that s