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Runs out and shares of Bed Bath Beyond are surging, the retailer reports comps of 6 , online sales soaring 89 , jim so earlier in the week, jim, and even last week you seem to be pessimistic about the prospect of a compromise coming together. Do you feel any different this morning . Look, i think the Airline Layoffs are looming large because with layoffs come a cut in roots, with a cut in roots is a pain point, but i think its the senate, we keep talking about mnuchin and we keep talking about speaker pelosi, but i think the senate is buying into the president s vshaped recovery and i think Mitch Mcconnell is buying into it which says why do we need more we have a v shape, its just Certain Industries that can be triaged. I know that the industries represent s ....
Take a look at where we are trading about four hours of ahead of these earnings. Nasdaq going positive ahead of that print lots going on today. You have the trump tweet casting doubt about holding the election theres your market pricture lets kick it around nasdaq turns positive. Kramer thinking the stocks are set up for fall after the bell because they have run so much and yet you buy the cues into the print. Tell me why. Well, i bought the qs when the market was down because the market was down today based upon statements that came out from meadows saying they we are made far apart on a deal. Yet, you have some great earnings come out from the Tech Companies and qualcomm corevo. U. P. S. Also talking on the consumer side. I thought that the market was over sold. I bought the qs. I already sold out half of the trading position ill hold onto those a little longer ive got positions in every company reporting tonight. My exposure to ....
The staggering run into this report lets go straight to phil lebeau with all the details. A beat on the top and bottom line and the beat on the bottom line is significant. Lets run through some of the numbers. Much better than expected earnings per share and its a fourth straight profitable quarter for tesla. 2. 18 is how much it earned in the Second Quarter the street was expecting three cents profit revenue just over 6 billion as i mentioned, a fourth straight profitable quarter for tesla. We know the significance of that it is the last hurdle the company needed to clear in order to be included in the s p 500. Lets drill down some numbers within the report that are going to get attention operating cash flow, 418 million. Automotive revenue was actually down it declined by 3. 4 in the quarter, not a surprise given the fact that you had the freemont factory shut down for five or six weeks. But the automotive regulatory credits rev ....
Investors a bit unnerved in the last our or so. The index supported by netflix and teslas post earnings drop is weighing heavily on the s p 500. Talk of the tape, should investors take heart in powells waitandsee approach and the encouraging earnings outlook, or is there a flashing light for risk . Lets ask chief Investment Officer at i capital. Plenty going on. As we just kind of ran through, the bond market is still fixated on, perhaps, the supply of treasurys at the long end, perhaps the lack of buyers that have shown up so far and its gotten people skittish. Is that really whats driving things right here . Can we get some clearance from the bond market to refocus on earnings any time soon . Unfortunately, not yet, or at least not today. And if you think about whats driving these yields, its at least three or four different factors. First of all, youve got growth that remains resilient and that pushes up the long end of the ....
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 ....