Positive by 0. 5 . It is all about the calendar this week, all about the tech earnings. Tuesday, tomorrow, tesla. Wednesday, meta. Thursday, google and microsoft. Lisa its going to be interesting to see whether even a beat is a disappointment to market because so far that has been the tone. Weve gotten the biggest selloff going back to late 2022. Have we already priced out that potential disappointment set out for a positive upside surprise, or is this a pivot point at a time and a lot of uncertainty . Jonathan lets talk about tesla. Downline 2. 4 this morning. More than 40 yeartodate and we start this week with another round of price cuts. Annmarie a string of bad news is coming to tesla and some tomorrow they are supposed report first revenue decline in four years. A challenging Earnings Call for elon musk. Not just the cuts. Across the board, china, europe and the u. S. , but also the job cuts. The fact that they are trying to basically pin the future on this robotaxi that remains a
As ak deem area. This 40 minute event was part of a policy conference in washington, d. C. This took place in april. Okay, everyone will take your seats, please. Id like to introduce our next section, which focuses on infrastructure policy. You know, when you look back to the causes of the great economic boom since between the 1980s and the financial crisis, there are a lot of parents, you know, every success has a lot of parents, but you know, you cannot understate the amount of infrastructure that was built in the 80s and the amount ty added and the contribution of that infrastructure to the boom. During that period of time. You know the benefits of getting ahead of our infrastructure needs. The challenge today is that so much of our infrastructure lies i ha had the opportunity to serve with dr. Gettys on a transportation commission. A 12person commission. We spent three years struggling t the experts have forfoten more than identify known, so im pleased to have them here. First of a
Exchange, joining me today is kayla tausche. Coming to you live from washington, d. C. Where the world bank and imf are holding their spring meetings. Wilfred frost is on the ground in paris ahead of the French Election this weekend. Well get to him in a bit. Its nice to have you. Obviously weve chosen our music play list accordingly. Its nice to have you in my new city. Its Throwback Thursday, which is why you may recognize this song from several years ago. A special girl power edition of Worldwide Exchange. Throwing back to a few months ago when we worked in the same city. I will quiz you on washington in a moment. First, lets get to the Global Market picture. As for u. S. Futures, after a more than triple digit slide for the dow yesterday, down 117, ibm accounted for 57 of those down points as we continue to watch earnings. Things look firmer this morning. Dow futures up 36 1 2 points. S p up 5. Nasdaq up 16. Well get to amex earnings in a bit. Better than expected. Signs of life fr
We had some importing use. Market movement, a lot of volatility. Tom a lot of volatility. We will cover that with paul donovan. Excusepresident me, the president and the chair will meet today at 3 00 p. M. What chair yellen will discuss with the president , but they are meeting. Francine i dont know if this happens very often. They may talk longer term. Tom maybe they will look at Washington Capitals prospects. I dont know. The stanley cup is upon us. Francine there you go. Lets get to the bloomberg first word news. Heres Caroline Hyde. Caroline the international furor over the penama bakers the Panama Papers anders its second week. Over the weekend, cameron addressed concerned Party Activists that acknowledged shortcomings in his handling of the matter. President argentine is promising to put his assets in a blind trust after he was linked to two Companies Listed in panama. Foreign ministers from the group of seven industrialized nations are meeting in japan, calling for a renewed pus
And major back eye for blood testing startup theranos. The proposal is to ban the founder from the business at least two years, the wall street journal reporter behind the story from the beginning will join us in a bit. And the first president of facebook, and now tech billionaire sean parker is donating a quarter billion to Cancer Research. Hell join us live to discuss the move and his own any venture, the Screening Room, that has the movie business up in arms. The earnings from jpmorgan chase, wilfred frost has the story. First up, Energy Related losses, they were significant, but guidance for the rest of the year was encouraging. Down shamp is expected with deal activity and underwriting soft. Guidance also for m a was to remain so for a quarter or two more. However, markets surprised, only done 13 , march seeing an improvement and april okay so far. Here is what dimon had to say. I just add that 5 billion plus of trading in a quarter like this, look as good or decent returns, we ha