results missed market expectations. delayed results, a missed market expectations. tesla s income and earnings fell by more than 20% in this past quarter compared to the same time last year. it is a big number, but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. samira hussain has more from new york. bringing in 20% less income is, well, not good. what helps the electric car maker, however, is that it warned wall street this was coming, so it didn t come as a complete surprise given tesla cut prices on its top selling cars several times last year and in fact did it again this week. now, tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. so the price cuts did the trick. the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each card sold have gotten smaller. let s stay w
The probe into the Trump Campaigns alleged links to Russia White House correspondent Kelly Holcomb reports. Republicans promised a bombshell that would destroy every idea the Trump Campaign colluded with the russian government during the twenty sixteen president ial election but in the end it did not meet expectations president declassified the memo written by Top Republicans allowing for its public release even against the advice of his own f. B. I. Director and the u. S. Justice department. The four page report which is part of a larger intelligence document argues f. B. I. Investigators looking into alleged truck ties to russia hit the fact some of their research was funded by Democratic Party sources it also claims the entire investigation was biased against donald trump from the beginning and that some agents expressed views privately and i think its a disgrace whats happening in our country and when you look at that and you see that and so many other things whats going on a lot o
And now for the main event. Its my honor to welcome our first speaker and distinguished guest, the australian Prime Minister, malcolm turnbull. Mr. Prime minister, thank you for joining us today and providing an opportunity to continue a dialogue aboutpr howe can all work in partnership to grow our economies to gather. For those of you who do not know, the Prime Ministers address is especially timely. 2018 marks 100 years since our two countries became allies in world war i. Since 1918 our relationship has grown beyond just military alliance. Globalization has allowed our states and citizensob to vote collaborate across a range of initiatives and or trade those investments to increase, despite distance and time zones. I have perfect opportunity opportunity to visit australia in 2016. During this trip i saw firsthand a significant cultural and economic ties between our two countries. I speak for all of us, mr. Prime minister, when i say governors are ready to elevate this Important Part
Heidi this is daybreak australia. We are one hour away from asia upon first major market for the start of the trading week. After 6 00s just here in new york. For the next hour, we will look on wallll the action street will play into the trading day. It is another countdown. We were counting down to the jobs report and that was a fantastic report on the economy, but left people puzzled. Looks like we are going to raise Interest Rates now what. Look at what the fed officials are going to say whats coming next. You saw the markets on friday. They were higher but it to a low over the session before climbing back. The s p closing up. 3 in the doubt up 40 point. The dow up 40 points. Expect a lot of uncertainty when the markets open here. Number verypayrolls whateverliminating doubt there was that the fed would be able to go with a hike this week. Taking a look globally, theres a lot of stuff for investors and traders to be focused on this week. The bank of japan as well as the indonesia. L
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