Years ago, but they are now back with a new model that will run on the android system. Global slowing Smartphone Market. But first, our top story. For its goal, tesla did not meet its predictions. Shares are falling on late trading after the news broke. Earlier this week may analysts mentioned that the 100,000 delivery goal may have been talk in order to divert attention away from the falling revenue. To discuss, i am joined over the phone with our guest. But david is here. Not00 is a record, but 100,000, so is it good or bad . David it is a record for them, but not by much. Elon musk said they could get to 100,000 if they pushed. I wonder if he had not checked said anything if things would look better. The more alarming thing is the fact that most of the vehicles being sold are now the lowerpriced model 3s, and you are starting to see a lot less ,ake on model s and model x which are the expensive vehicles. The question is where the prophets will come from if you are selling the lower
Phones years ago, and they are back with a new model running on googles android. Is now the time to be getting back . With the slowing Global Smartphone market . But first, our top story. Elon musks 100,000 deliveries goal wasnt met. The company had 97,000 deliveries in the third quarter. Shares fell in late trading on wednesday after the news broke. Earlier this week, analysts mentioned the 100,000 delivery goal may have been talked to divert attention from the potential for a less flattering trend, falling revenue. To discuss, i am joined by gene munster, and david welch. David, lets start with you. 97,000, a record, but not 100,000. Good or bad . It is a record for them, but not a record by much. Hey could probably get to 100,000 if they pushed. I wonder if he hadnt said anything, if shares were reacting better, because it really was a solid quarter. More alarming for investors, most of the vehicles now settled are sold are lower margin s,el 3s, and less model model x, the really ex
Decade, peloton tracking lower thats straight ahead. Stephanie is back. Some encouraging signs on the economy particularly in housing. We talk about this endlessly about the consumer being strong, manufacturing being weak really benefiting from low Interest Rates home sales at a 32 month high. Thats impressive. The other thing is nasdaq is up. This is where the momentum is in our economy. People are wondersing about the consumer i think its a very good sign. I own dr horton, home depot, stanley, black and decker. Im in this trade for sure dr horton is the home builder. We were talking about valuations youre talking about 12 times earnings, one and a half times book value i think theres a lot of pent up demand especially if rates stay low. You have the whole new generation, millennials starting to buy more. S p and dow down 0. 1 russell and nasdaq down more lets go to the ipos we went to peloton wild week for Companies Looking to go public and some names have already recently hit the ma
Joining us for the hour stephanie link from nuveen, a tiaa company so we lost the gains is it on fears ha a trade 2k5e8s getting pushed snout is the market expecting a trade deal at this point i think were a little more optimistic about a trade deal most recently and thats why we rallied as much as we did and thats why rates actually increased over the last couple of weeks but yeah, i think the commentary today about trade kind of pushed us down. But i really think were still trying to digest what the fed said yesterday i do think it was a hawkish cut but i also thought that powell walked it back why was it a hawkish cut . Because you have the dissenters and you were talking about it yesterday you were right on it as soon as it came out yesterday about the dissenters and i totally agree with you on that heres the quandary. The Economic Data in the sfats is not bad we had great housing data yesterday, pretty good data on housing, i. P. , retail sales. Jobs continues to be good. So if he
The answer, unfortunately, is the very culprit caught in a u. S. China tugofwar right now. Details on what can boost chinas productivity and whether they could gain access to it september 1st is when drug Price Reductions are set to take effect and one of our guests says it will make the entire largecap pharma space vulnerable and it will hit five names first. We have those details ahead. If thats not enough, dom chu has a look at the market you and i have been up very early and we are still upright right now and kelly, if you look at the board behind me, youll see things havent change a lot from when we were on in squawk box this morning, but we have seen an acceleration in the Technology Trade well get whats driving that sentiment in a couple of minutes here and the dow industrials are just about flat on the session and thats pretty much unchanged. The s p 500 is up 18 points and onehalf of 1 and 18 points at the highs of the day we were up roughly 22 points there and down 11 at the