And after some fairly uneventful president ial debates, twitter is out with a new label that flags tweets that blake break the rules. It might even make donald trump walk a fine line. New record for quarterly vehicle deliveries, handing over 95,000 vehicles to customers in the second quarter, beating average analyst estimates. This is due to accelerated shipments to the u. S. And china and u. S. Consumers rushing to creditans before the tax is shrunk. Were told the company is close to setting an alltime record, being urged to go all out. Taylor riggs caught up with an analyst and bloomberg correspondence on tuesday correspondence on tuesday. A blowout quarter and exceeds everyones expectations, you sort of had this upanddown quarter where you had a trough of everyone getting concerned about demand for the model three. Toward the end of the quarter, you started to see the analyst commentary pickup. Where people were a lot less concerned about that. On the model s and model x front, they
Intelligence. The asset arm is planning to invest in Machine Learning hedge funds. Tesla shares are climbing in after hours trading. Looking at the largest gain this year after they set a new record for quarterly deliveries. Tesla handed over about 95,000 vehicles to customers in the second quarter, beating the average analyst estimate of 88,000 units. This is all due to accelerated shipments to europe and china, and u. S. Consumers rushing to buy sedans. Ceo elon musk had told employees in an internal memo last week that the company was close to setting an alltime record, urging them to go all out in the last few days of june. Joining me to discuss is bloombergs max chafkin in san francisco. Onset, craig trudell. From my perspective, it seems like across the board. Are we finally in the all clear . Max on the model three side, this quarter was a blowout quarter and i think exceeds everyones expectations. He sort of had this up and down quarter where we had a trough of everyone getting
Here today. That tai chi manufacturing that we got a couple of minutes ago was the weakest print we saw this year. It was still0, but showing the gradual slowdown we are seeing in global pmi. The official move that we saw in europe, in the u. S. As well, which is really supporting the Global Growth concern yard of that we are seeing. That is why we are seeing the yen up, 10 7. 60. Asia fx weakening with the dollar a little stronger. We see commodities. We are continuing to see some red when it comes to steal futures in shanghai copper. Lower by 9 10 of 1 . Be with thisng to rally. Looking at the u. S. Side of things with the 10 year yield below 2 . We are seeing for asia bonds as well. I will show you what else is going on, we mention about the u. S. Tenyear. Anese through three yield three year yields. We just got the news about the boj cutting purchases of bonds and a 35year range. Its the First Time Since 2018 that they have done so. They were trying to address the flattening yield
2016. The bulls and the bears duking it out. It is above 1400. Not above the true top of the range that follows the gold crash. This huge range, the this is a weekly chart. Goldhas actually confirmed for a move back down. All of this suggests that we could see gold drop down that just to that level but perhaps toward the bottom of this range. The gold bowls might the gold it suggests that the dollar may strengthen and we could be entering a risk on period. Sarah the s p 500 today once again and again new highs. Where we have not really seen a move higher is momentum, that at least by way of a relative strength index. Around 67ill stands or so. Still not through that 70 threshold that signifies markets might be overbought. How uncommon is it for stocks to make new highs when momentum isnt running rampant . The fact of the matter is that it is not that uncommon. You look at the past five times that the s p 500 date new highs, but with a five day period beforehand. You can see that four o
J. P. Morgan chase is expanding its use of Artificial Intelligence. They are planning to invest in Machine Learning hedge funds. Climbing in are after hours trading. A new record for quarterly deliveries. Tesla handed over about 95,000 vehicles to customers in the second quarter, beating the average analyst estimate of 88,000 units. Accelerateddue to shipments to europe and china, and u. S. Consumers rushing to buy sedans. Ceo elon musk had told employees in an internal memo last week that the company was close to setting an alltime record, urging them to go all out in the last few days of june. Joining me to discuss is bloombergs max chafkin in san francisco. Trudell. Aig from my perspective, it seems like across the board. Are we finally in the all clear . Max on the model three side, this quarter was a blowout quarter and i think exceeds everyones expectations. He sort of had this up and down quarter where we had a trough of everyone getting concerned about demand for the model thre