Than trying to get from one place to another and of the only one traffic is a growing concern in many large cities across the globe small technologies can help us solve this calles how exactly thats all a topic on shift today. Out to many still use cars as their main mode of transportation aside from air pollution and the Climate Crisis this also has a huge drawback more and more traffic jobs in paris for example drive us to stock bumper to bumper about 165 hours a year mall and you thats nearly a solid week in your car honking at strangers but probably not for long in the autonomy passengers can use the drive to do something much more productive i for one wouldnt mind brushing up on my friends. But for this data there are still a lot of things left to work out and the biggest challenge developers still face is humans. Driverless cars use their versions of sense of stick control themselves autonomous like. But so far these cars have merely recognize a pedestrian those objects of motion
One stock that did not snap the streak was tesla. On the month, down by close to 20 . Down by more than 40 today. Lisa it has been kicked out of the magnificent seven. We have a company that is fighting a sentiment wave as well as the very real wave of competition in china during a fraught market for the electric a fraught moment for the electric vehicle market. Jonathan product release, competition in china, we are trying to figure this out. What is the tesla problem and what is just the broader industry problem right now . Annemarie you are seeing this ev demand around the world especially in china. You do see China National companies doing very well. The issue seems to be in other places especially in the United States. When it comes to tesla, the problems continue. Overnight we have an exclusive story about the newly formed Marketing Team part of those companywide layoffs. This was supposed to be to get the message out in advertising. When you saw the Inflation Reduction Act and ta
Its 11 00 a. M. At ibm headquarters in new york, 11 00 a. M. On wall street and squawk alley is live good wednesday morning, welcome to squawk alley im Carl Quintanilla markets having another good day. Record highs across the board. Dow up 135, s p 2561 on the back not just upgrades blue chip merck best day on a percentage basis and several years as a busy earnings season rolls on. And right now at this hour, alibaba backed qudian largest provider in china making its debut here at the New York Stock Exchange stocks surging at the open this morning. Up about almost 40 . Up near 39 . For more were joined by qudian founder and ceo min luo. Congratulations. You own about 60 of the country, so that makes you a billionaire, i believe biggest listing in china im interested in the business youre in providing these small dollar amount loans for people weve seep this in the u. S. With companies, why is this so important for the Chinese Consumer right now thank you thank you for the question actu
She was 60. Al news, 24 hours per day global news, 24 hours per day. This is bloomberg. Bloomberg technology is next. This is bloomberg technology. Holiday cheer echoes for amazon. What tech gadgets one out. Nvestors can hack it sony apologizes after its twitter account is compromised. Steve ballmer unplugged. Americas richest sports owner sounds off on bill gates and donald trump. Now to the lead. The consumer came roaring back this holiday. Consumer confidence came in better than expected, making its biggest gain in a decade. Payd the boost in sentiment off for the Retail Sector during the holidays . There were signs of consumer strength in the online space. Amazon reported its best Holiday Season yet, it having shipped one billion items. Fitbit rallies. A sign perhaps that many people want to exercise over the holiday. Shannon covers retailing new york. Season, ion, on this got a new woman in my life called alexa. I am liking this. Amazon is very fast and loose with the numbers. Thi
Please . David people would not recognize me if my tie was fixed. Lets do it this way. All right. David i do not consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of a private equity firm. How do you define leadership . What is it that makes somebody tick . When you joined google, google was a very Small Company. In your wildest dreams did you ever imagine it would become the second most valuable company . Eric i do not think any of us did. I did not. When i met larry and sergey, they seemed incredibly intelligent, a huge argument over something technical and i have not heard back of the document and a long time and i thought, i have to work with these people. I wanted to work with the company that would stay in one building but today we are many buildings. David you were the ceo of novell at the time. What propelled to take that as a company wanted to go to . Eric i actually di