Sense. Some people think the future is very right. They will do 35,000 cars this year. They want to scale up. They mentioned that the giga factory. That is a big deal and critical to them trying to achieve this goal of getting to multiple thousands of vehicles or year. As i understand it, tesla consumes our is one of the largest consumers of lithium ion batteries in the world. How much would a giga factory help . I think elon has said that it helps and changes everything. It will potentially be the largest battery factory on the planets. It will have more Production Capacity then all of the self production in the world. This single facility will have more by 2020 is the target. It would provide them a very low cost potentially. That is the company goal. A very low cost to feed their plant in california and maybe other production operations. If you have also said they are trying to get partners investing in this with them. Panasonic, their main battery supplier has already been identifi
Handle these kinds of situations . Look like cockroaches out there. Today well find out why the airlines and airports do not use mobile staircases or bus or mobile gates like they used to at Dulles Airport outside of d. C. Is there really no way to solve being stuck on the car makacar tarmac. A huge vote for boeing on a deal that would keep manufacturing for the new 777 xshg in the seattle area. Will the Union Members defy their leaders and say yes to the deal . If so, could that really break the union . And the wall street journal picks six ceos who might well be in trouble in 2014. Ceos on the hot seat, we will name some names. First to sue who is here warm, safe, at headquarters. Thats right. Its snowy and cold out there and if youre home today, because of the snow, making some early 2014 investing decisions heres where we stand at 1 00 p. M. Eastern time here on a snowy east coast. The Dow Jones Industrial average up 20 points, 16,461 and change. The s p, last trade there is down a
Incredible run, not only for that one, but facebook has doubled in 2013 this year. That really is one of the stories of the year. Remember, when twitter went public, there were lots of people saying the retail interest, thats how we should have known, the retail interest wasnt that strong. There was a lot of institutional interest, and people thought after price, hitting near 50 on the first day of trade, drifting back to the 30s. Instead, it has marched steadily higher. You can feel people buying in, ramping up into the year end. Going back to november early november. And just an incredible run. There it was at 38 when it was at its low, and now were at 68. Unbelievable. Well get to more of that. Meanwhile, the dow is heading for its fifth Straight Record close after a much betterthanexpected surge in durable goods orders. A lot of the Economic Data have been pretty good. So i think it was a prescient decision by the fed last week. And some fed officials are saying how surprised they
Years. Companies are showering cash on shareholders. S p 500 companies bought back more than 128 billion of their own shares in the third quarter. Thats the highest level since the Fourth Quarter back in 2007. If you combine buybackes and dividends, you get a total of 207 billion. Thats just in the third quarter. Take a look at the futures right now and see how markets are setting themselves up for the morning. We have some green arrows again. The dow looking like it would open up about 30 points higher, nasdaq looking like it would open higher. We have more on the markets in just a few minutes. But before we do that, Michelle Caruso cabrera has some of the morning headlines. I love the shirt, andrew. Thank you. Its terrific. I will take that. In corporate news, disney is reducing bob igers pay. Disneys strong results didnt outperform igers target by the same extraordinary amount in 2012. In other company news, the company has named jack dorsey a cofounder. Shares of disney are up this
Then i could email you testimonies was that we need to pursue policies somewhat reminiscent of what we see in the 4 growth chapter now. We were talking about what next steps should be, and there wasnt a democratic senator in that hearing who was willing to defend the stimulus on the record. And i was, i was being, you know, pretty combative in my testimony, and nobody argued with me. And the point is that the economy is still terrible. I think 2 is actually optimistic for what were growing right now. And everybody wants to do something to fix it, and thats a great opportunity for a president thats willing to try something new. Thank you. And i just wanted to emphasize that weve been talking a lot about fiscal policy here, about spending and taxing. And entitlement policy. But this book also gets deeply into energy, into immigration, entrepreneurship and a lot of other areas where we think policies f they change if they change, can promote growth. So i thank you all for coming. Thank yo