Yield stays flat. Midday movers on the equity side, boeing shares are lower even as they burn through less cash than predicted for the first quarter. The plane maker is slowing output to get a handle on manufacturing issues. More on that later in this hour. Tesla, really rebounding after elon musk vowed to launch less expensive vehicles as soon as this year, using concerns following a disappointing quarter with its biggest negative cash flow ever, tesla shares up 10 on the day. Abigail doolittle is here with more on those results and what to expect. Abigail tesla, rallying in a massive way. Up 10 . It has to do with not just of the quarter was really negative, as you mentioned. Take a look at the chart. Since last july it has been a trip downtrend. Up 40 on the year. Investors expecting the worst. From earnings they expected sales of 29 billion dollars, with adjusted profits it was down 53 on a yearoveryear basis. Speaking of, at this point the stock is about flat yearoveryear, down 1.
Lets quickly chuckled the markets to cause we have quite a good quarter to talk about. European shares extending their biggest quarter expansion since 1999. The benchmark equity measures in germany and portugal rallied more than 20 . This comes as we have the qe program and Economic Data that was slightly better than forecast in the last two years. We are expecting a lot more to come. We have employment figures and consumption figures later this week amongst the 18 European Countries greece is the only one falling for the quarter. Lets kick off with greece and a search for allies and a search for allies in the fight against austerity britain creditors protecting greece proposal and Alexis Tsipras is pushing to look further for support. Domestically and abroad. Hans nichols has it. First of all, tell us more about the reform proposal. We had at the official list and they want more. Hans officials are unimpressed by the 15 page document for the it raises about 3. 7 billion in revenue and
The flames. More than two dozen people were arrested. This started after the funeral of freddy gray, a black man who died in police custody. A this sister called for calm. I dont like it at all. Betty the orioles postponed their game. Schools are closed and a citywide curfew starts at 10 00 tonight. We will be watching the situation. The death toll in the Nepal Earthquake is over 4400 people. The Prime Minister fears that number could double. Rescuers dont think they will find survivors in the rubble. People are living in tents, hearing aftershock. Authorities are rushing aid to the hardest hit areas. The finance minister says it will cost 10 billion to rebuild. Apple powered a spectacular quarterly result. They sold more phones in china than in the u. S. That is a first for the company. Iphones sales were up 40 . Look at the oneyear chart on apple area invested in a share of all this. The Quarterly Dividend is being raised by 11 . Everybody is happy with apple area analysts are surpri
Saw a drop to 95. 2. Somewhat consistent with weaker than expected data. In terms of the financial markets, u. S. Stocks have just fallen to session lows. Notg down by a lot but you see declines by. 2 for the s p 500. Little changed for the dow, nasdaq losing. 5 . The dollar index falling to session lows with dxy at 96196. 10 year yield higher. Two year yield little changed at 55 basis points. Erik . Erik here we are, back at the milken conference. I want to tell everyone about who is coming up, colony capitals tom. Stephanie at 10 30 we will sit down with barry sternli cht. Then terry joins us at 11 00 a. M. Chairman of the cme group, the perfect person to sit down with days after the headlines about the flash crash. Erik Boone Pickens is coming up at 11 30. If you miss his interview you want to tune in. Stephanie one of my favorite interviews of all time. He turned and said what, we are not in commercial . It is the commercial breaks on Market Makers that are the most special. Erik s
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