These Earnings Calls Julia Boorstin is in l. A. On the facebook call, phil lebeau is getting ready to jump on the facebook call. Were tag teaming both of those Conference Calls on the red phone. Tesla turned to a bear market after hours. Lets get to phil lebeau for all the details. Phil, the details are in that shareholder letter, there are a lot of details when it comes to the model 3 reporter a lot of details about the model 3, well talk about that in a little bit the Free Cash Flow for the quarter, melissa, listen to this, negative 1. 4 billion for tesla. They ended the quarter with 3 35 billion cash on hand as you mentioned, when it comes to model 3, the company has issued new guidance in terms of its production schedule. It says it expects to build 5,000 model 3s per week by the end of the First Quarter bottlenecks had to do with the battery modules being built, they could not get those into production as quickly as they would have liked what we know is that 5,000 per week by the
Four days. The story here, Home Builders and housing. Home builder stocks getting it hard on the proposal to slash the mortgage cap in half were going to give you more on that coming up with somebody angry about it as well three big stocks were watching this hour. Apple, Company Getting set to release its earnings tonight a lot of questions about the iphone 8 and x facebook shares down after Mark Zuckerberg said he is serious about facebooks russia response and he will boost spending to police content thats raising concern about future profit and margins. Time warner taking a hit much more on these three stocks ahead. Lets get straight to this big tax plan we have our oreporters covering every angle for you. Theres going to be four tax wrack ets. For households that earn over a Million Dollars of income. The next tax rate will be 35 . That will apply to income between 260,000 and a Million Dollars. The 25 tax rate will apply for income between 90,000 and 260,000. The 12 rate, the lowes
Appropriation hearing but i believe the president has sent us two good nominees. We waited a long time on the vice chairman, supervision for the fed. I hope the hearing goes well and we can expedite these nominees and get them in place, thank you. Thank you, senator shelby. The hearing will come to order. We will consider the nominations for the comptroller of currency, joseph otting and Randal Quarles to be a member of the board of governors of the Federal Reserve system and vice chairman for supervision of the board of governors of the Federal Reserve system. Welcome to both of you and congratulations on your nominations to these offices. You have friends and family sitting with you and welcome them here as well. These positions are critically important to assure a safe, sound, vibrant Financial System. We are fortunate have two qualified individuals to consider for these posts. Joseph otting bring particular understanding of the Banking System from a long career in national service.
I remember sitting with steve jobs and i asked him why did you do what you do . And he said, life is like a river. You get to pick things out of the river, really cool things people have done, they put before you in the river, great devices or great ideas, but after a while you r great devices or great ideas but after a while you realize it is not how much you take out of the river but how much you put into the river, what you leave behind so your spirit is so manifest after you have been gone. Whether it is Robert Einstein or Benjamin Franklin or anybody else they did have a connection to something supernatural, something larger than themselves. Host from 2011 to your book and steve jobs, the opening sentence in your the 2004 got a phone call from steve jobs. Why did he call you . I had written a biography of Benjamin Franklin and Albert Einstein and his it why do you do me next . My first reaction was okay, Benjamin Franklin Albert Einstein, you . Then i realized he had been sick fig
President of american for tax reform says americans are tired of the irs and our tax system. And on American History tv on cspan 3 on lectures and history university of texas has changed from the reconstruction error to present. And remembering the 150th anniversary of the con federate surrender and the end thof civil war. She and now viewers question are answered for three hours. He is a former chair of cnn and the editor of time and severs as ceo of the Aspen Institute and chair of the board of governors. Host what is the link between ben Franklin Steve jobs and others . Guest theyre all Creative Minds and that Creative Minds and that interested me throughout interested me a lot of people my career. A lot of people write write about sports heroes about sports heroes or or literary literary figures, but to me figures, but to me its people who its people who can can combine different discipline combine different discipline like the arts like the arts and sciences, and sciences, the way