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The big rally yesterday. We had the dow dipping 131 points, s and b backsliding 4. 8 , nasdaq edging down 2. 9 this is a good moment to consider where well be in six months because its controlling a lot of action we see in the stock market so the question is will we go back to the old normal once the pandemic is over or will some aspects of the new normal remain some could be permanent. Real engrained habits. Right now wall street is trying to guess which is which. Remember, the market is a forecasting machine with expectations about the future much more than facts about the present. Thats why i say we dont care where stocks have been, we care where they are going so whats the market saying about the post pandemic economy lets start with the obvious one many missed. Peloton. Im getting right to it. Its incredible how many smart people bet against this maker of smart exercise machines. When covid hit Money Managers figured gyms and ....
The staggering run into this report lets go straight to phil lebeau with all the details. A beat on the top and bottom line and the beat on the bottom line is significant. Lets run through some of the numbers. Much better than expected earnings per share and its a fourth straight profitable quarter for tesla. 2. 18 is how much it earned in the Second Quarter the street was expecting three cents profit revenue just over 6 billion as i mentioned, a fourth straight profitable quarter for tesla. We know the significance of that it is the last hurdle the company needed to clear in order to be included in the s p 500. Lets drill down some numbers within the report that are going to get attention operating cash flow, 418 million. Automotive revenue was actually down it declined by 3. 4 in the quarter, not a surprise given the fact that you had the freemont factory shut down for five or six weeks. But the automotive regulatory credits rev ....
A coronavirus cases. Hundreds of protesters have been arrested in hong kong as chinas contentious new security law comes into force. Also ahead a yemeni rights group documents abuses including deaths in secret prisons as a devastating war shows no sign of ending. Our top story this hour ethiopias military has been to have deployed to the capital addis ababa as armed gangs roam the streets in a 2nd day of our rest following the murder of a popular singer and activist more than 80 people have been killed during protests over carlo hernandezs death on monday his murder has exposed deep seated grievances over decades of government repression and decent was a leading voice for ethiopias biggest ethnic group the a moral a spokesman for the. Romeo region held a News Conference on ethiopian t. V. Accusing egypt to being involved in the unrest earlier the Prime Minister condemned the ....
That is on top of hundreds of thousands of hospitals. In new york you built 2,000 hospitals, 900 beds, nobody say anything like it. Fortunately we have not had to use too many of them. That is okay. Probably better news than using them at all, right. A lot of good things are happening in new york and elsewhere. Through the Public Private partnerships and deregulation the federal government has made immense testing capabilities available but some states need to take action to fully out advertise it. To date the United States has conducted millions more tests than any other country. You can add them all up and they dont catch us. Our numbers are doubling certainly on a monthly basis, but almost on a weekly basis, were moving very rapidly, at a number nobody thought possible. Well double the number of daily tests that the governor brings states online through the capability they ....
Right now kpix 5 and streaming on cbsn bay area, taking live look from our exclusive Salesforce Tower camera this morning at the city of san francisco. Good Tuesday Morning, thanks for joining us, it is april 14. My man in the back. Im anne makoveck. Good Tuesday Morning to you. We are looking at clear skies and chilly conditions. We are down to the 40s and 50s so even colder compared to yesterday morning as we head to the afternoon, temperatures will be even warmer compared to yesterday. You can see those temps right now in the 40s and the 50s with a live look on our Treasure Island camera and as we had through our afternoon, we are talking 73 im san francisco, oakland, 75. 78 for concord. Temperatures 9 to 11 degrees above average for this time of year. We wi ....