Chicago. Phil. Melissa, the reason the stock is shooting higher is because the adjusted eps is 1. 86 profit for the third quarter. And that is far above what most people were expecting. The expect aches, the consensus out on the street was for a loss of 42 cents a share. Revenue came in a little under expectations at 6. 30 billion the expect aches for 6. 33 billion in revenue and looking at the gross margins, 18. 7 is what most of the analyst were zeroing in on in terms of what the expectation was for the third quarter. Remember, many people believed as they were increasing model 3 deliveries, especially at the higher price point, that we might see higher gross margin process. Well the gap auto gross margin coming in at 22. 3 a couple much production notes, first of all, trial production has begun at shanghai plant preponderate remember ramping up production and deliveries in china into the end of the year the model y according to tesla ahead of schedule in the production beginning in
Highlights. The senators blasted Dennis Muilenburg time and again on a wide variety of issues some accused boeing and the ceo of not being straight with them, outright lying in terms of questioning about the 737 max. Others basically said to him, youre the ceo, how could you let this happen . Youre the ceo. The buck stops with you. Did you read this document and how did your team not put it in front of you, run in with their hair on fire saying we got a real problem here. Those pilots never had a chance these loved ones never had a chance they were in flying coffins. I was walled walk before getting on a 737 max i would walk zbra there is no way just a few of the comments from senators asking Dennis Muilenburg and also offering their opinions in terms of the 737 max more Dennis Muilenburgs time he said time and again, look safety is at the core of our mission. We are committed to making sure the max is safe when it returns to flight and that the Company Makes changes that are necessary
Chill. No, literally. He lays out a way to keep your cool going into earnings binge next we can. Time to risk less and make more. Options action starts now. Lets get right to it a slough of Big Bank Earnings on deck goldman sachs, wells fargo, report on tuesday followed by results from bank and america and Morgan Stanley later in the week financials up more than 17 this year underperforming the Broader Market one trader betting on a bounce for one name in a report lets get into the money right now and dan what are you looking at. Regular viewers of the network probably know im not constructive on bank stocks here i do not like the way the investment banks act i dont like the way some of the Money Centers act but i like the way jp morgan acted if you have to buy a bank buy jp morgan on dips but here is the twoyear chart on jp manageren. This is routinely remoted between 119 and 10 dating back to early 2018. And its having obviously some trouble there. That being said its the only major
Thats right. Im told that those headlines that crossed earlier today, those are accurate headlines thats what got the markets attention. They are considered o considering some measures behind the scenes here at the white house to stop u. S. Investors being able to invest in Chinese Companies in one way shape or form or another. But theyre very early on in those conversations is my understanding. And there is no time line at this point for any fundamental decision all of in framed in the guise of investor protection. The idea is there is a concern that there are some Chinese Companies that may be listed in the u. S. That arent exactly what theyre purported to be bus of the accounting scattered showers and other differences between the way the two countries handle corporate disclosures. So that is being discussed behind the scenes. Its not clear there are a lot of options not clear where they land or when the decision is coming one model for it might be the piece of legislation that sena
We just saw the chunz delegation depart the office of the u. S. Trade representative en masse every the hours of negotiations the president moments aigt saying it went well. He confirmed he will meet with the chinese top negotiator tomorrow he also answered a question about a possible investigation that he requested china do last week to look into the family of joe biden and possible corruption according to the president that he believes went on there he said its up to china to look into whatever it wants to. But this is an interesting comment given a wrinkle today. Where an outside adviser to the president Michael Pillsbury at the Hudson Institute made comments to the Financial Times saying he raised the issue of the biden was china. Later he acknowledged he discussed the bidens with china well back to fast money. A scene in shanghai china but it was china that brought it up and not a discussion at the earlier today as the brooklyn behest of the president. Thats a cloud hanging over a