Tempering expectations about the longawaited battery day. We will bring you the very latest. Any battery production will be difficult to scale. Drive tesla shares up over the last few months. Joining me now to break down the data is Abigail Doolittle in new york. Tesla was one of the ones you have been watching. Talk to us about the market rebound with tech overall. Had it earlier on, we higher, lower carmarthen higher, lower, fluctuating on high swings. What we saw at the end of yesterday, apple closed by 3 , it continued into today. The big tech names showed up once again after the selloff we saw this month. A lot of this seems to become a call selling seems to be technical selling. Correct by easily 20 , but it would be completely healthy. The chart supported that view. Correctiony had a on whether the pressure is to be seen. Lots of impressive stuff going on. That led the nasdaq 100 to the glenn 1. 9 on the day. It was not just apple. Declined 1. 9 on the day. It was not just apple
TheChristine Lagarde says ecb could need fresh stimulus. Shery a quick check of the markets closing, we saw fluctuations in the session. The s p 500 moved higher in the last hour of trading or so, moving to a record high. At one point it fell to session lows after we heard from the cleveland fed president loretta mester, saying she was not ready for cuts yet, which sent markets lower, but Communications Stocks are leading the gains on the s p 500. Volumes were lower, heading into the fourth of july holiday. Wednesday is a shorter trading day as well. The nasdaq finished 0. 2 higher, and u. S. Futures are unchanged at the moment. Lets see how we are setting up for the markets in asia. Kiwi stocks are under fire this morning, and looking at a potential retreat at the start of cash trade in tokyo and sydney. The aussie dollar staying steady this morning, in the wake of the rba rate cut. The governments secondhalf Economic Forecast to consider later today, export data looking shaky and poi
Former friends fallout badly. Steve bannon attacking his former boss. The president saying he lost his job and his money. His mind. Betty another day, another twitter fight, it seems. In the meantime, no fighting along the fed numbers members. We saw the minutes come out. Continueeve they will on this gradual rate increase. Now, the debate is how many times . Several of the members said two, maybe less. Others said at least four. That will be the crux of the debate around the fed in 2018. Yvonne what could be driving that is this continued debate on inflation. There is still uncertainty on why we are seeing not seeing higher inflation. Also, there wasnt a lot of concern about the flattening yield curve. Betty thats right. Here in the equity markets in the u. S. , continuing to rally forward and hitting records, as you can see here with the s p 500. The dow is adding on almost 100 points. Way,asdaq also leading the up almost 1 . The s p 500 navigating above the 2700 point level. Again,
Chopper 5 is over the scene of a plane crash, happened on the old Naval Weapons Station property. We have been told that there was one person on board at the time of the crash. And that that person has died. We will continue to monitor this developing story and bring you any updates. An fbi official President Trump has accused of being politically biased is stepping down. Reporter mola lenghi is live at the white house. Mola . Reporter Andrew Mccabe had been with the fbi since 1996. After weeks of speculation, this move, him stepping down, doesnt exactly come as a surprise. And it also doesnt come without at least a little bit of controversy. Andrew mccabe, the Deputy Director of the fbi, is leaving his job, effective immediately. Have you been told mccabe is resigning . President trump and republicans have been critical of the investigation, of Hillary Clintons use of a private email server when she was secretary of state. And they accuse him of political bias, because his wife ran fo