5.3%. these are the questions dominating the discourse all day. i would put it in perspective, empirically, anecdotally and emotionally. we re in an unusual backdrop. because the demand for u.s. f z treasuries from overseas, our interest rates in this country are much lower than they should be! hallelujah unless you re a saver. you d expect rates to rise. that s normally what would happen. treasury yield should be higher, which would drive other rates higher in, again, another normal situation. but we re far from normal! [ buzz ] central banks around the world are debasing their currencies. one third of all government bonds around the world now have negative yields at the moment, meaning if you buy these bonds you ll actually lose money. not here, though. so of course there s a scarcity of u.s. bonds. creating lower interest rates for all. foreigners are thrilled to buy our bonds because you can make some money owning them, however meager. we have even more worldwide econom
street journal. profits to fall for fourth time in a row. i was worried. i was worried i slipped into some sort of alternative universe, alternate dimension. could they be talking about this market, which gave you a nice little gain today? here s an article that has really, this has a first-class a-number one wound. several factors are weighing on earnings. collapsing oil prices are taking a toll on energy companies. low interest rates and a weak market. and a saturated phone market is reining in apple inc. but how does that mesh with the fact on the ground? this season started a week and a half ago when pepsico took things to an all-time high. even as pepsico has gotten it up, i can t imagine how better it can be than this company s doing. so the bar for the season was set very high indeed. them amoco what followed with an amazing, a stunning report. the best numbers we ve seen from this company in years. alcoa gave you extraordinary earnings and revenue beat, thanks to robu
can figure out what she s up to. nasdaq gained, but try to figure it out. what threw the market for a loop for most of the day into a late session rally? the fact that auto giant ford motor said that the consumer s stalling. the competitive environment is increasing as growth has slowed. so the bottom line is that we ve seen a tougher pricing environment this quarter. and we will face one going forward, end quote, ouch. bam! there goes ford stocks. close down over 8%. i have to admit i was a little mystified about the scale of that decline. about a month ago we went to see fields out in silicon valley, and i wouldn t have called him bullish near term especially when he called out the weakness in used cars. in the marketplace, we re going to have a strong year. we ve said that, but we re starting to see some things in the marketplace that we hadn t anticipated last year or even in the first quarter. what matters, though, is that autos are a huge part of the economy. gigant
we re getting a sense that the long-term outlook, not the shorter median terrelm, the lon term has taken focus. where the best long-term profits reside. what do i mean the long term? let s start with tesla, solar city. elon musk is trying to create a one-stop-shop for his incredibly popular cars. it can be summed up as i m smarter than you, so i can t bother with you. and except a couple of things. with this deal, musk is not planning for this year or notex year or year after that. there are 50 million rooftops in this country. to musk, that means 50 million power plants. the notion that the electric fleet will look like it does now in further times is long. why? because it s because of nuclear, coal and natural gas. but new nuclear plants can t be built, they re to expensive. coal s too dirty. natural gas is a bridge fuel. here s the thinking that might be one central place. this is what his grand scheme really is. one central place where we build a j a gigantic solar field.
although this was the biggest one here for him, uchimura still has another event remaining in rio, that s the floor exercise, but it won t end for him here as his final olympic bow will likely come four years from now in his home nation when tokyo hosts the 2020 olympics. as we say good night, the medal ceremony for uchimura, ukraine s oleg verniaiev who had gold in his sights until the final restation winds up with the silver and britain s max whitlock wears bronze. [ cheers and applause ] and that does it for us. matt and hoda have the today show from copacabana beach bright and early and we ll see you tomorrow night from rio. nascar s infield is a place of pride, glory, cultural expressions, it has more flags than the opening ceremony, only here it s all stars and stripes. and ledecky has her third gold of these rio games. she s heading for stanford next month. before that she s dominating in rio. katie ledecky remains perfect in the pool. our comp