Suffered multiple setbacks. A fire at its gigafactory in berlin halted production. Higher interest rates, which put up borrowing costs, are also taking a toll and it has an ageing line up of vehicles. But it is the Chinese Market that investors are most worried about. Dan ives from Wedbush Securities blamed rising Ev Competition and a lingering price war for the challenges that the Company Faces in that market. The gloomy outlook, well, its driven teslas stock down roughly 30 since the start of this year. Still one bright spot it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. Here are some of them might have, tesla and other makers of Electric Vehicles the Senior Minister in the Indian Government in charge of Road Transport has said that the country will have no diesel or petrol vehicles in the future. But the minister didnt give any timeframe for this and vicious target n
The company apologizing after hundreds of flights were canceled after leaving thousands of passengers stranded because tens of millions of dollars. Lauren at branch clearing brawl after a fastball hate. Pittsburgh boasts a three goal lead a surprise to take the opening game of the predators. All of those headlights coming out. Cheryl u. S. Futures ahead of their opening bell. I simply done fractionally. S p and the green. Lauren back from Holiday Weekend. Happy tuesday to you. 5 01 a. M. In new york. Your first look at todays america than the latest breaking news. Cheryl lots of breaking news over the weekend. President trump now defending his soninlaw and senior eyes are Jared Kushner saying he is doing a great job for the country. A statement provided to the new york times, the president said a total confidence in him. Kushner under fbi scrutiny after an investigation into possible collusion between the Trump Campaign in russia. Hes accused of cretinous secret Communications Channel
Quiet in the markets with the u. S. Celebrating president s day on monday. Overall, global stocks were mostly higher. It looks like we are waiting for direction. Perhaps we could get it with the fed minutes on wednesday. Live. Eting is lets look at how things are in the asiapacific. Slow going with new zealand stocks down about. 1 . The kiwi dollar unchanged. 80 and beyond is the call from Deutsche Bank sac the resurgence in exports. That is ahead of the rba minutes out in the next hour. Stocks slow going at the stock of the open. The dollar yen has been going sideways. 113. E the dollar yen above back above 120. We do see weakness in yen. It could be a boost for stocks. Lets get to our top story in asia this morning. The austrian Prime Minister has told bloomberg he will maintain a Good Relationship with the u. S. Despite the reported rift with President Trump. Speaking exclusively, he spoke against protectionism and said his government was committed to investing in new infrastructure
Telling to fight the sunni insurgents. President obama has not ruled putting troops on the ground. Andrew david is with us now. Andrew, can this violence be stopped . It is very unclear. They have swept in. This has been going on for a week. We saw a good chunk of the iraqi army collapse and evaporate. They are within 60 miles of baghdad. Clearly they have more support in the north than they would in the south and as you mentioned we are seeing calls for civilians to take up arms. But calling for that to stop an insurgency shows how desperate the situation is. There are reports that a quarter million iraqi soldiers may have defected. Al qaeda thinks they are too violent. That is pretty frightening. They have a lot of experience earned in syria fighting the civil war. They took much of the north in less than a week. They captured a lot of equipment. The iraqis have air support. You know the army evaporated in the north. Yes. Obviously we look at Market Reaction to all of this. We have s
Joined by top names. Hat will be coming up lets get to our top story. Closer anda step faces potential investors. With have a look at the mechanics of the road trip and some questions for the key investors. Lets talk. If you are sure now and later today, that roadshow begins and the investors are likely to ask questions about the mma strategy. They have a professional sports team, soccer. Interesting diversification. There is a question about analysts and profit margin. This is what the Community Wants to know more about. How do they maintain solid margins in the face of business that is expanding. A business that is not viewed at 160 billion u. S. Dollars. Extraordinary. We are talking about potential investors and also looking at a rather complex ownership structure, as well. It is not investor friendly and that is why they chose where they could have the dual structure that gives them more power and control to a set group of shareholders and company directors. Hong kong was not will