Our road map begins with the earnings deluge. The busiest day yet with 3m, comcast, dow crossing the tape plus, tesla shares tanking this morning despite record deliveries of its electric cars. The automaker did report a larger than expected loss. And max pressures southwest shares falling sharply ahead of the bell. Loves gary kelly will join us exclusively this hour. Stocks set to make new record highs with two big movers today. Tesla, a larger than expected loss for q2 margins down despite record deliveries of course, facebook beating on both the top and the bottom lines, but with that warning that growth will slow. Results include a 2 billion charge as part of the 5 billion settlement with the ftc as facebook resolves one probe, disclosing yet another, saying the ftc began an antitrust review in june, which is separate from the antitrust review of Big Tech Companies Just Launched by the doj theres plenty to choose from this morning, jim. Whats on your mind . I love the facebook call
The jeep brand has its best month ever, with sales up 20 . And the threeday truce in gaza has all a part. Israel says hamas has ended the cease fire. Hamas has accused israel of the same thing. In the u. S. , more details on the market. Futures are lower after that big selloff yesterday. The july jobs report now is out at 8 30. For more on the markets, were joined by our stock editor, mike reagan, and peter. We have Team Coverage on this. Mike, lets start with you. People are saying we were worried about this correction and we got that yesterday. It was technically a correction of a 10 drop. Starting to look like we might be headed that way. Dont get all the people who were called for a correction. Jeffrey or doug ramsey. Theyre all longterm bullish on the market. They see a shallow correction somewhere, depending on where you ask, 510 . Theyre still bullish on the market longterm. Nobodys panicking . Panicking is a strong word. Yesterday was an ugly day. One of the things that happens