The fed chair today. Plus we have that earnings parade. Netflix surges on sub gains. Tesla, that stock is down. At t, blackstone, american airlines, they are all names that we will be telling you all about. And the ozempic effect. Nestle is looking to offset any future sales impact, now dropping products to accompany weight loss drugs. Lets begin with tesla. Among the biggest s p laggards in the premarket, the company did post a quarterly miss, including weaker than expected Profit Margins due to price cuts. Cybertruck was in focus. This is elon musk talking about it on last nights Earnings Call. I just want to temper expectations for cybertruck. Its a great product, but financially, it will take, i dont know, a year to 18 months before it is a significant positive capture contributor. Of course, musk did comment on all kinds of things beyond the company itself. Rates, of course. Macro, workfromhome, sort of echoing themes hes had before, david. I remember during our interview in may,
Both down by 0. 75 . Chinas february exports dropped by more than 35 in u. S. Dollar terms. Imports there fell by nearly 14 . Of course, were watching Oil Prices Today too. Crude was up by 5. 5 yesterday. Its up 45 from februarys low. Right now its down by 1 , but wti still sitting above 37. 50. Scott . All right. Speaking of oil, the Goldman Sachs Commodities Team out with a new report today. That title, the three rs. The goldman team suggests those factors have driven a prema chur surge in Commodity Prices that is not sustainable. The firm is maintaining its bearish view on gold. It keeps its nearterm copper price target of 4500. As for iron ore, goldman predicts a rally will likely prove temporary, so its maintaining its end of year target of 35. And on oil, goldmans nearterm view is for a trendless market with substantial volatility between 40 per barrel and 20 a barrel. That firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf
Of the current Interest Rate environment, but we dont try to time our decisions based on capitalizing on Interest Rates at the moment. I think for the long term, maintaining the deep and liquid u. S. Treasury markets is something thats very important to u. S. Economic security. You dont need to time it. Look at the deals apple and verizon did for multiple billions and know its better paper, i believe, than apple. I think we have the best paper in the world. And i think that the markets around the world refleblcted th. Theres a reason the dollar is the worlds reserve currency, why the appetite for u. S. Treasury debt is to high. I think, you know, as you look at the way weve created new products, its really reflected the evolution of market appetite for different kinds of products, and well continue to try to be innovative in terms of introducing products that help to keep the deep liquid markets that we have, but i think any attempt to try and design our products to capitalize on an In
Twoday fed meeting begins tomorrow. Crude prices, bouncing off the new 5 1 2 year lows. Looking to come back since their worst week since 2012. Consortium led by bc led by petsmart. Latest on the continuing hostage situation in sydney, australia. Futures on the rise, so are crude prices which fell to 5 1 2 year lows stock markets seven week winning streak ended with a thud and the selloff on friday. Last week the dow fell 3. 8 . S p down 3. 5 , almost every major average, jim, every major sector, was down except utilities, barely got into the green for the week. I went over the chart this weekend and they were amazing. The number of companies, stocks rolling over here, maybe it can be reversed but i see the oil futures hanging by a thread. We go to 57, 56, s p futures will be down. Were just not in a moment right now where people are actually distinguishing between winners and losers. Utility move was part because people feel u. S. Will need more power because they are bond market equi
Japanese gaming unit now forecasts an annual operating loss. And intels Fourth Quarter figures missed forecast. The Company Giving Fourth Quarter guidance raising fresh concerns about global i. T. Spending. Hello. Warm welcome to the presume. Plenty to get through and lots of news. Also coming up on todays show, as taper takes its toll, Goldman Sachs speaks income trading, well speak to the ceo of the International Giant about the impact of markets. Hell join us at 11 20 cet. China mobile is now selling the iphone 5 after six years of negotiations. Well have the latest from beijing with all the action. Thats at 10 45 cet. Is nintendo losing the game . Japanese gaming giant has delivered a profit warning on weak, weak console sales. Well get the full story from tokyo in around 30 minutes. Intel has posted a slight miss in its profits. Investor sentiment will have a closer look in the second hour of the program. And just a little south in sunny l. A. , were going to roll out the red carp