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The euro is trading lower, we had the ecb yesterday, down. 1 . This is the dollar versus the rent, but when it comes to the dollar versus the rand, moodys, the last country to have an the last company to have an Investment Grade on south africa, this Investment Plan doubles the investment to appropriations to that company, could end up being credit negative. A big move on the south african rand. Slowing in the First Quarter, but not as much as analysts expected, with the headline number for consumer spending, pushing gd pregrowth gdp growth to 2. 1 . Discuss here to discuss is our chief bloomberg u. S. Economist. Core pce was disappointing, and the deflator as well. That definitely tainted the report slightly, but what i think is most important at this point, the economy is growing above trend, right . Bettercent growt ....
S. A. P. Out performs thanks to double digit cloud revenue growth. The u. S. Says egypt will open the rafah crassiossing to w aid into gaza. Coinbase picks ireland as the base and washington is preferring to pick fights than resolutions. It is perhaps they take advantage of the tragedies that occur to focus on sectors or industries. Good morning. Welcome to street signs. Tesla and netflix have kicked off the tech earnings with both reporting after the bell yesterday. Netflix is up a whopping 13 . Tesla in contrast down 4. 5 . Lets detail what we learned. Tesla has posted the first top and bottom line miss since the Second Quarter of 2019. Vehicle price cuts drove margins down 16. 3 excluding credits and marking a fourth straight quarter of decline. Shares initially rose in trade, but dipped as ceo elon musk said he is concerned about high rates weighing on consumers and emphasized the need to make its cars more affordable. Im not ....
The fed chair today. Plus we have that earnings parade. Netflix surges on sub gains. Tesla, that stock is down. At t, blackstone, american airlines, they are all names that we will be telling you all about. And the ozempic effect. Nestle is looking to offset any future sales impact, now dropping products to accompany weight loss drugs. Lets begin with tesla. Among the biggest s p laggards in the premarket, the company did post a quarterly miss, including weaker than expected Profit Margins due to price cuts. Cybertruck was in focus. This is elon musk talking about it on last nights Earnings Call. I just want to temper expectations for cybertruck. Its a great product, but financially, it will take, i dont know, a year to 18 months before it is a significant positive capture contributor. Of course, musk did comment on all kinds of things beyond the company itself. Rates, of cour ....
Well. The youre is lower, bonds, commodities and cts your final klee columns. G. M. Has sold its business to ferriero. The price is 2. 8 billion. It is the first substantial step away from the candy industry. It includes butter finger and baby rutta brands. It is the First Investment since Mark Schneider since he took the helm last year. Nestle focusing on health, coffee, pet food and water. That is nestle. Lets talk about emerging market equities. Theriot rising today, highest in almost a decade. Stock contrarians are warning the good times may not last. The chief executive of doubleline says the rally in the dollar will probably be a setback. Goldman sachs and ubs has cited a possible downturn in the sector. But the msci emerging markets goes from strength to strength as evidenced by this chart, as well as the saudi stock benchmark, climbing today, highest level since oct ....
Eurodollar, 1. 20 two. A lot of the conversations today will focus on the dollar. Im looking at gold for a second day, down a touch. Coming up on bloomberg surveillance, we talked doing business in italy and natural gas. Later on, we also speak with margaret from the World Economic forum. She joins us to talk global risks. Plus, janet henry talks trumps first year with us. She the global chief economist there. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Secretary of state offered a sobering assessment about the possibility of war with north korea. Madeillerson said advances the situation very tenuous. He was speaking in vancouver, where top diplomats gathered to explore new ways to enforce sanctions. North koreans know our channels are open, and they know where to find us. But a sustained cessation of threatening behavior is necessary indicator of whether the regime is truly ready to pursue a peac ....