A new factory for the carmaker tesla the b. V. I. Say that hope the decision would set a precedent for other blocked Industrial Projects in the country environmentalist said softy tree felling in court saying that the public have not been properly consulted the gigafactory site is located just outside of the lynn and will be teslas 1st year of production is set to begin next year. For i just take a closer look at the story with the fine man from the European School of management and technology in berlin yes youve done Extensive Research on the mobility and the convergence of energy and transport it is good to have you on the program the announcement that teslas to set up shop in germany has energized the whole region is considered has been labelled by many as a flagship project as a sort of a beacon project of industrial manufacturing do you agree yes in many aspects so on the one hand we do have. A twig effect fall the bird in ecosystem full mobility we have a lot of Manufacturing Act
Inversions plus, tiffanys mixed quarter, the luxury retailer with an earnings beat. Peloton getting set for the public debut, widening losses ahead of its initial Public Offering as we have said twice now, stocks are set to open lower on worries about Global Growth and the risk of recession. Investors paying close attention to that yield curve and its inversions of the two and ten as well as trade tensions between the u. S. And china about an hour ago or so, we got a president ial tweet, quote, so interesting to read and see all of the free and interesting advice im getting on china from people who tried to handle it before and failed miserably. They got taken to the cleaners, were doing very well with china. This has never happened to them before this being a preference to the large tariffs in place that are set to go up september 1 and then december 15 and the overall there has been some press that echoed some things i was hearing shared on monday that the idea that the chinese have
The market moving news from around the world. Joining us on the phone from hong kong is karen lee, from london, emma chandra, and here in new york is michael mckee. First we want to kick it off and hong kong come over the chief executive carrie lam spoke at a briefing following 12 straight weekends of protests in the city. Lam the government is confident we can handle a months long disturbance. I think it is a common goal and hong kong to handle this by ourselves. Alix bloombergs karen lee has the latest. Where are we at . Carrie lam speaking publicly after another weekend of violence, saying they can handle unrest without assistance from chinese forces, and that she still wants to hold talks with protesters. This comes after beijing issued its most direct warning yet, saying in a commentary on state media that the government has the Legal Authority to halt what it said had become a revolution, even though analysts still say such a move remains a last resort. There are calls now for an
111 points the s p 500 up slightly, 0. 24 financials lead the charge up 1. 1 joining us for the full hour to break down the Market Action is jim lecamp lets start with the g20 meeting. You think the market could pull back 20 if trade breaks down . I think the market is not prepared for that at all and weve got a lot of complacency in the market. The markets are trading not far from alltime highs now. We dont have one reason to think a deal is going to be done or be real over the weekend. The good news is that china might have better impetus to do a deal now that they have these problems with their food chain they have problems with the port they have capital outflow that is are accelerating in their country. They have some Serious Problems and they do want to do a deal. A lot of people think theyre going to wait until trump is out of office, try to negotiate with the next one i dont think they have the time to do that i do think a time will get done. If it doesnt i think the market is
2945. Stocks in 52, 1 of the broadest surges forward since 2019. This shows you the performance of all three majors on a monthly basis. The end we are watching june are in any major reversal looking at three solid weeks for the s p 500, the nasdaq and the dow jones. May itsee what we saw in is a mirror image of what we saw in may. Blip for this year, behind for investors. In onl lets check back this chart that is hanging on by a thread. Interesting to see what happens. It is the 10year yield. Much of 2018 hanging out around 3 , even higher but the risk off volatility of the Fourth Quarter and investors moving into bonds moving all the way in to the lows here. Right now clinging to 2 at the bottom of the trend channel. You can see in the past highs where the support has been there there has been a backup in rates. 2. 3 orear could be higher. This is confirmed for even deeper below 2 . Right now it looks like there is a chance we could see a backup in rates with the momentum looking to c