Boost from its Growth Strategy this is elon musk on last nights call weve updated the vehicle lineup we expect it to be more like the early 2025 if not late this year these new vehicles, including more affordable models, will use aspects of the next generation platform as well as aspects of our current platforms and will able to produce on the same manufacturing lines as our current vehicle lineup its not contingent upon any new factory or massive new production line. Bespoke says it looks like this will be the best earnings reaction since 2020. You do have some upgrades you have a very nice bank of america upgrade, and you have people saying its a clearing event. Did he pull a rabbit out of a hat . He came out back with a small car, as well as with the terrific app, by the way, in the deck that is the hailing app . I thought that the key analogy, david, was not the airbnb analogy. He did that. That was great it was the elevator. Elevator. Yeah was that not terrific youre not alone in
Plus, strike watch. Hollywood reaching a deal with writers while the auto walkout enters its second week. Ford says significant gaps still remain, and amazons ai move investing some 4 billion in a chatgpt rival. Lets begin though with a new market week. After four days of losses, mike, and we lost the 100day moving average on s p. Yeah. New market week. You have the tenyear up 4. 5 . We closed pretty close to the lows on friday, and now i think its become the debate point is we expected we would have some seasonal weakness. We came into august overbought and overlogged and everybody embracing the soft landing scenario. Now we have had a little bit of correc corrective mindset to that. How deep we have to go is a question of terms of trying to account for the rates and why theyre there. I wasnt necessarily that alarmed at the specific changes the fed made where they took away two cuts from next year and essentially higher for longer and they have been saying for a very long time, you. T
This is bloomberg surveillance alongside Lisa Abramowicz and annmarie hordern. The two of the issues under the Global Economy right now, right here in washington, d. C. The sustainability of the deficit in the u. S. And mr. Risch toward industrial policy. Front and center. Every conversation you have read outcome all roads lead back to that. Lisa especially given that it seems to be sovereign debt that is able to issue, not necessarily corporate debt when you talk about geopolitics and china and the u. S. , it will be fascinating to see how that is filled with given china is a member of the imf and is trying to create a Global Coalition. What is a Global Coalition look like in a fractured world . Jonathan it is the United States and japan, the United States and korea, the United States and malaysia. Malaysia stepping into the effects market. Japan and south korea turning to do the same. What you saw with yesterday is interesting. A meeting between secretary on, japanese, and south kore
risk on bounce. it is time for global exchange, where we bring you today s market moving news from all around the world. from hong kong to berlin, brussels, washington, and new hampshire, our bloomberg voices are on the ground with this morning s top stories. we begin in asia and the latest on the coronavirus outbreak. the current number of cases stands at just over 43,000. the death toll now 1000. joining me from hong kong is aad salamat, anger of haad salamat, anchor of coanchor of t, bloomberg markets: asia. a feeling out s of china that things have perhaps gone a bit too far. those companies which have been curtailing production should step it all up, ramp things up, especially in areas that have been little affected. we are still counting the costs with regard to this. retail sales being hammered, industrial production likewise. we haven t talked very much about this. onot of trade heaped singapore, with the prime minister being lauded for being transparent, and a
high ahead of its earnings we will reveal the name. the investment committee is raleigh-durham to go halftime report starts right now. welcome. good to have you back with us on this monday. our investment, joe terranova,er is at, steve weiss, shannon saccocia we begin with the market stocks are coming off of this is best week in months even with friday s loss. if fed chair on the hill beginning tomorrow, more earnings this week are the bulls in charge? today s direction suggests they are, you open lower, exteblding losses from friday but then they turn around and now they are reaching new record highs again. there are 14 companies in the schds that have a market cap of 1% in terms of weighting 13 of those companies have reported earnings already. the only one that hasn t is berkshire hathaway every one of those companies has beaten on eps. every one of those so the companies that matter most to the s&p are the ones that are showing the earnings. mega cap technology in