Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
Stocks as well. Were going to dig deep sbeer the pullback throughout the next hour here. Tesla shares were also getting hit on the back of reports of a suspension problem. Now, the automaker is vigorously defending itself in a statement. Well bring you all the latest details coming up. Meanwhile next week apples Worldwide Development conference getting under way. It could bring an interesting announcement in an area youre interested in. Ipayments. I think you invented that word. Is that it . Ipayments . I made something up . Wow. I have no idea. But we will find out from our josh lipton what they might have up their sleeve. Lets start with the broader market. Yield collapse strengthened. The tenyear yields in germany, japan, and switzerland all hitting record lows. Just stunning. And the tenyear yield here in the u. S. Continues to drop falling to its lowest level since february. This yield crush around the globe all happening at the same time the s p had been climbing back toward allt
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