Different price points could threaten to give apple a run for its money. Meanwhile, teslas shares hit a 15 month low in the Monday Trading Session on wall street, after the Company Announced price cuts for its cars in several key markets. It also lowered the price of its premium driver all this comes just ahead of the ev maker s Quarterly Results tonight. 0ur Business Reporter david wadell takes a look at what to expect. Its proving to be a tricky period for tesla. Its shares have fallen by around 40 since the beginning of the year. And last week its big boss, elon musk, told us workforce he would cut their numbers by 10 . That impliesjob losses in the region of 14,000. In recent days, mr musk postponed a planned trip to india. This week, he was due to meet the prime minister, Narendra Modi and reveal plans to enter the south asian market. On his own social media platform, x, mr musk revealed that unfortunately very heavy tesla obligations require the visit to india be delayed, but he
Of strong earnings. Airline also slashing its expected deliveries amidst boeings quality crisis. And teslas asking its shareholders to reinstate elon musks 56 billion pay package. That was back in 2018. This after, of course, Delaware Court voided that compensation earlier this year. Lets begin with the markets, set to open higher after the dow ended six straight sessions of declines. S p, nasdaq, russell did extend their daily losing streaks to three. Yesterday, as you know, the fed chair suggested that rates could remain higher for a longer period. Heres what he had to say about battling inflation. More recent data shows solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2 inflation goal. The recent data have clearly not given us greater confidence, and instead, indicate that its likely to take longer than expected to achieve that confidence. That said, we think policy is well positioned to handle the risks
the investment committee is ready to go. halftime report starts right now. welcome. good to have you with us on this wednesday. our investment committee with us today, joe teranova, steve weiss, we begin with the markets where, believe it or not, s&p 500 could hit a new record high maybe today. stocks nearly recouping all of their coronavirus losses steve, it s been quite a remarkable comeback from the depths to banging on the door of records again. it is there was a lot of panic, a lot quickly. and just as quickly we erased it about 40% were financial advisers nobody brought up, that was on the biggest decline. in multiple conversations, nobody brought them up sentiment continues to be positive i think it s appropriate the coronavirus, other pandemics, if corona is even a pandemic, sure, they may be with earnings like united airlines but you have to buy it when it s down not when it start goesing up we have a pretty good runway of this market, another quarter or so bef
That in and out of the city. Keeps getting worse as the morning continues. If you are going out there live traffic. Just be real careful. This morning you may be asking yourself is black friday still a thing. The answer is yes. Especially at premium the bargain hunting shoppers have been out all night long. Live out there. Matt, how is it going. Reporter everything is going really well out here. I know youre feeling nos for black fridays of past. Here we are. Hanging outside of target. A lot of people hanging out at the tory burch store. A deal here. Of course the reason they come. Its an ice cream maker. What kind of deal did you get on an ice cream maker. I think its 50 off. Only 40. Seems very cheap for me. You eat a lot of ice cream i take it. No, but the possibilities are endless. Now that i have an ice cream maker. Thats great. Busy here at the outlet. Amazon is a top destination for people to begin shopping. Market research group. Online retail giant is expected to take half of
Valleys. Daytime temperatures will gradually warm through the week into the weekend. No major hot spots. Bay bridge wb 80 is less then 30 min from the maze to sf. San mateo bridge less then 30 min from 880 to 101. Golden gat bridge drive time less than 30 min from 37 to the toll plaza. robin landing our top story this morning. Strong winds and tinder dry conditions are fueling several raging wildfiring burning in Southern California this morning. Thousands of acres scorched, more than 180 structures destroyed, and thousands more in danger. Kristen holmes has the latest for us this morning. Tens of thousands of people in Southern California flee their homes and businesses as santa ana winds and dry conditions fuel massive wildfires in Southern California. Sotim not gonna wait around for somebody to have to come rescue me so im outta here. In los angeles about 150,000 people were affected by evacuation orders. The city of ventura has declared a curfew until its no longer necessary. As go