oil and financials on higher rates. materials just ticked positive but consumer discretionary, communication services, technology, those are the losers it s a reversal of what we ve seen in july here s a look at some of today s biggest earnings movers. lyft a winner up 16% carvana, it s up 41% after being left for dead. amc also surging to the upside while warner brothers is selling off, down about 17%. we ve got a big show coming your way. we will talk to former treasury secretary jack lew about today s blowout jobs number, plus why he is endorsing the inflation reduction act and what he makes of senator sinema s changes to the bill. wingstop saying that meaningful deflation should benefit its results. we re talking chicken wings. the ceo will join us to explain. mike santoli has a closer look at the market reaction and the jobs report, which more than doubled estimates. what a shock, mike what are you watching? it really was relatively muted response in aggregate from
paypal and amd in a moment. we start with a latest developments, from house speaker nancy pelosi s highly controversial visit to taiwan. we are seeing the first response in china with one battery maker putting plans for multibillion-dollar north american plans on pause. let s get to philip for the details here. fill. melissa, the battery maker is see atl. the largest battery cell supplier in the world and there s a report this afternoon out of china that the company which is in the process of looking at possible location for a $5 billion ev battery cell plant either in the u.s. or in mexico. that they are putting that announcement on hold. at least that s the report from reuters out of china. keep in mind the importance here is that that plant would supply tesla and ford here in the u.s. if you take a look at shares of ford, keep in mind the see atl battery plant, once it s online, would supply lithium, phosphate batteries to ford. those of the lower cost batteries starting
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The S&P 500 had a record close on Tuesday. While some investors may fear a pullback, experts say early generative artificial intelligence adopters hold promise.
The S&P 500 had a record close on Tuesday. While some investors may fear a pullback, experts say early generative artificial intelligence adopters hold promise.