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BBCNEWS Asia Business Report July 6, 2024

results missed market expectations. delayed results, a missed market expectations. tesla s income and earnings fell by more than 20% in this past quarter compared to the same time last year. it is a big number, but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. samira hussain has more from new york. bringing in 20% less income is, well, not good. what helps the electric car maker, however, is that it warned wall street this was coming, so it didn t come as a complete surprise given tesla cut prices on its top selling cars several times last year and in fact did it again this week. now, tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. so the price cuts did the trick. the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each card sold have gotten smaller. let s ....

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BBCNEWS Asia Business Report July 6, 2024

company s income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn t come as a complete surprise, given tesla cut prices on its top selling cars several times last year, and in fact did it again this week. tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. the price cuts did the trick, the company saw a 36% jump trick, the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each car sold have gotten smaller. staying with the car sector because jaguar land rover is in ....

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BBCNEWS World Business Report July 6, 2024

first quarter. its revenues though, fell around 5% as the industry faces up to a supply glut. tsmc remains asia s most valuable listed company, despite a fall in its share price by over quarter last year. the company is under pressure as some western economies seek to diversify their semi conductor supply chains. let s cross live now to malcolm penn, a global semi conductor industry analyst and ceo of future horizons. thank you for being with us. talk to me, first of all, but these figures. not as great as expected, but given what is happening in the industry, a good performance? the what is happening in the industry, a good performance? good performance? the industry is notoriously good performance? the industry is notoriously cyclical, good performance? the industry is notoriously cyclical, it good performance? the industry is notoriously cyclical, it does - good performance? the industry is notoriously cyclical, it does go - notoriously cyclical, it does go th ....

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CNN CNN Newsroom July 6, 2024

america this weekend. kasie hunt picks up our coverage right now. good afternoon. i m kasie hunt here in washington. we re going to begin with the scramble for answers after a u.s. fighter jet were scrambled three days in a row this weekend, shooting down three separate aerial objects that were flying over north america. in just moments, the white house is going to take questions on this deepening national security mystery, as president biden faces increasing pressure to address the nation to explain what exactly is going on and who is behind these incursions. we re going to bring you that white house briefing as soon as it gets under way. but we want to get started right now with cnn s kylie atwood and phil mattingly, who are tracking all of this. kylie, let me start with you at the state department. so much of this is going to depend on what the government recovers from what is shot down. what is the status of this? if they haven t determined the origins of these ob ....

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CNN The Lead With Jake Tapper July 6, 2024

the way she did, to look amazing and know she s expecting baby number two, fantastic. the lead with jake tapper starts right now. the white house insists that there is no indication extraterrestrials are affiliated with these flying objects. for now. t the lead starts right now. four times in eight days flying objects shot down over north american skies by the u.s. military. were they a security threat? what did they carry? and why different protocols now for shooting them down then for the chinese spy balloon? plus, a father s pain. after his 14-year-old daughter is bullied and beaten at school and later died by suicide. why he says her school did not do nearly enough. and the thrill of victory in the face of my beloved eagles agony of defeat. two-time super bowl mvp patrick mahomes will join us live, fresh off his incredible come from behind super bowl victory. welcome to the lead, i m jake tapper. we start with our world lead. so many questions and s ....

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