Era why do i mention him right here at the start of this newscast because well because he is credited with coming up with this phrase are you ready adversity makes strange bedfellows i want you to keep that quote of mine as i share with you what is happening right now between china and iran 2 countries presently being targeted economically and militarily by our government here in the United States so here we go this morning the New York Times is pending a piece about a leak that describes how china and iran are signing a 25 year military and Economic Partnership agreement. The piece and titled when china met iran seems to suggest that washington is kind of freaked out by this that it has quote the United States in a geo political storm so what is this deal between the us is biggest adversary in the middle east and the us is the most predominant economic competitor on the entire world stage well its described as an agreement that is going to provide iran with all the tack and Economic D
The staggering run into this report lets go straight to phil lebeau with all the details. A beat on the top and bottom line and the beat on the bottom line is significant. Lets run through some of the numbers. Much better than expected earnings per share and its a fourth straight profitable quarter for tesla. 2. 18 is how much it earned in the Second Quarter the street was expecting three cents profit revenue just over 6 billion as i mentioned, a fourth straight profitable quarter for tesla. We know the significance of that it is the last hurdle the company needed to clear in order to be included in the s p 500. Lets drill down some numbers within the report that are going to get attention operating cash flow, 418 million. Automotive revenue was actually down it declined by 3. 4 in the quarter, not a surprise given the fact that you had the freemont factory shut down for five or six weeks. But the automotive regulatory credits revenue, thats where they made it up. That was up 317 milli
Studied after a jump overnight. Steadied after a jump overnight. You are seeing the likes of the aussie, which gained a bit yesterday, off those highs. U. S. 10 year yield snapping out of three days of gains at 74 basis points. Brent crude sliding on concerns of that second wave in china. As we mentioned about geopolitical tensions, we are moments away from hearing south koreas president ial Office Briefing on the north korean situation after that Liaison Office was bombed yesterday. We are seeing a little bit of reaction with korean assets. Not a whole lot when it comes to the stoxx, although you are seeing to the stocks, although defense stocks are up today. The won taking it on the chin. Weaker by 6 10 of 1 . Vol spiked up just slightly. Haslinda geopolitics adding to marketweaker by 6 10 concerns. China has ordered all schools in beijing to close as it struggles to hold a new coronavirus outbreak which has already spread to neighboring provinces. Lets head to the capital and our ch
The coronavirus. And well likely have a therapeutic and or vaccine solution long before the end of the year. Weve learned a lot. Weve learned how to put out the flame. Brennan but scientists and medical experts see it differently. Were going in the wrong direction. Im very concerned because it could get very bad. Brennan dr. Anthony fauci, the top virus expert, predicted we could see 100,000 new cases a day, double what were seeing today. What weve seen over the last several days is a spike in cases that are well beyond the worst spikes that weve seen. That is not good news. Weve got to get that under control before we risk an even greater outbreak in the united states. Brennan with protests and record joblessness throughout the nation, President Trump launched a campaign friday against what he calls far left fascism. Angry mobs are trying to tear down statues of our founders, deface our most sacred memorials, and unleash a wave of Violent Crime in our cities. Brennan another attack ca
You support the handling. The number if you oppose is 202 7488001. End us a text 202 7488003 nwj. Witter we are cspa we welcome your posts on facebook. For some perspective on the Coronavirus Task force established by the white house on january the 29th. The health and Human Services secretary originally leading that group and mice president Vice President pence was put in charge of the efforts at the end of february. They are reporting on the proposed ending of the task force. The wall street journal online saying that the white house is discussing phasing out Coronavirus Task force. Ack to that visit to phoenix the front page of the Washington Times with a photo of the president at the plant along with his chief of staff. Trump promises to build yearg he opened up a new vowing to rebuild and economy devastated by the coronavirus in the six months left before he faces voters judgment. On the work of the task force, here is what the president said. We cant keep our country closed for t