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.
Since 2007. Pushing those upper bounds in the bloomberg dollar index is down. Still feeling pretty high a nearest 20 year highs. Nymex crude right now is only up . 10. I have seen and 92 print for the day on nymex. Ive seen 95 on brent so we are looking at high prices for oil as well. Jon lets also take a look at individual movers and the equity world. Nikola has news every new ceo, staying with the technology theme. Arm holdings are down about 9 . Lyft shares are down with an sec settlement dating a day dating back to a stock transaction. We had to take a look at whats happening from General Motors and stellantis shares as we track the story from the uaw strike. A lot of the analysts on wall street are trying to piece together what the Financial Impact will be. It depends how long things go and we are seeing all their automaker shares in the red. Matt uaw president sean fain says his Union Workers deserve more from their employers. Here is how he put it this week. We are prepared to d
He tweeted let righteousness flow like an ever flowing stream. Congressman john conyers is the michigan democrat will decide within days whether he will resign a longer for congressman john conyers says the michigan democrat will decide within days whether he will resign. H isdded that conyers healt not the best right now. Party leaders, including nancy pelosi, have called on 80yearold conyers to step down. The eu says that british Prime Minister theresa may has until monday to present its final offer so we can be assessed ahead of a summit in two weeks. Tusk spoke alongside the irish Prime Minister. The irish Prime Minister says that they must guarantee there will be no northern border between ireland and the irish republic after britain exits the bloc. Day,l news 24 hours a powered by over 120 journalists and analysts. I am Mark Crumpton. This is bloomberg news. Julie live from new york, i am julie hyman in for julia chatterley. Scarlet i am scarlet fu. Joe and in joe weisenthal. Jul
Reflecting the snap election in spain. The twoday see chart, down 2 10 of a percent. Look at that wild ride, big drop after the separatists won the snap election. Maybe a surprise to investors. David down less than 2 10 of a percent. Abigail a roller coaster in those two days. David . Now i look other headlines emma chandra has first word news. Emma Congress Managed to give the u. S. Government from shutting down but will face a messy start to the new year. Lawmakers approved a spending measure that will keep the government opened their january 19, but put off action on military spending, raising the debt ceiling and dealing with undocumented immigrants who came to the uss children. The british economy grew at the sinceace in 2013 were well below where they before the vote to leave the European Union. Prices are rising faster than wages. In japan, the cabinet has approved a record 46 billion fund, wanting to improve military capabilities at a time when north korea is becoming more of a
If you look at volume, it is certainly borne out that way. This is the s p 500 svs index. We are running at volume about 30 average today, so a lot of ahead of out of office the christmas holiday, and my producer tells me we have not seen a move up more than 113 sincen either direction 2011. Moving on to one of the other big stories of the day, lets look at bitcoin. We can see that it is extending the slump for the fourth day, byling to about falling about 30 earlier today, but in the meantime it has pulled down a lot of associated bitcoin and stock. Ain overstock here also down by about 4 . That is the online retailer that accepts bitcoin, but the ceo has also said he plans to sell all overstocks ecommerce business to focus on the companys blockchain enterprise. Lets take a look at the movers today. I want to talk about nike. They are having a poor day today, after earnings it showed there was a big split in their business in terms of sales in the global side of things, which well, an