Workers at General Motors plants in Canada go on strike and PepsiCo shares rise as the snack maker raises its full-year outlook after reporting higher revenues. Here’s what investors need to know today.
sometime in early june and i ll be updating congress again shortly seems like when we will really run out of resources. joining us now with more is nbc news capitol hill correspondent ali vitali and also with us susan page, washington bureau chief at usa today. where are things this morning and how big of a speed bump is it? reporter: speed bump implies there was momentum in the forward direction, jose. as far as i can tell at this point, there is a lot being said, but not a lot has changed behind the scenes. the hang-ups that remain, even from the end of last week, remain today. those are specifically around republican desires to cut spending, to take revenue gains off the table. the white house, of course, trying to push on their side, trying to keep the priorities that their caucus needs in order to be able to vote for this eventual deal. but if you listen to speaker mccarthy this morning, he s reiterating the talking point that we have heard from him time
dom chu is joining us. what is behind the earnings drop tesla and elon muk say they are willing to sacrifice profits and margins to sell more cars. so in order to achieve the goals, tesla has cut prices on products half a dozen times over this past year in an effort to make its evs more affordable, stoke demand from other customers. the most recent price cuts happened this past tuesday for example the model 3 has dropped by 11% in price over this year, the model y utility vehicle has seen its price drop 20%. so a lot of this is a deliberate move by tesla to sacrifice revenue gains in order to gain market share, that is the reason why the drop is there. and in the last couple minutes we learned buzzfeed has decided to shut down its newsroom yeah, this is no doubt a rough day for the news business.
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