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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 ....
Shutdowns until at least may 15th we have a great lineup today. In just a few moments, well speak with Patrick Harker about what will take to get the economy back on its feet and later, Alexis Ohanian will join us hell talk about his investment in a company thats help iing Small Businesses navigate the loan process, which is one of the issues lets focus in on the stories we are watching in this final hour of trade wilfred of course covering the bank earnings. Morgan stanley the latest. Meg has new details on testing but well begin with breaking news out of washington where President Trump is expected to meet this hour Via Teleconference with governors. What are we expecting here that conerer sags is abou ....
I am Francine Lacqua in london. Lets check in on your markets. This is what we see in european stocks, down 0. 3 , a bid for treasury, a bid for gold. We are also getting some data out of the euro area, that manufacturing figure for february is slightly higher than expected, 49. 1 instead of the 47. 4 forecast, so we are seeing a bit of an uptick. 1. 0818, but we will try to figure out what that means for the European Central bank. Speaking withare philip from the European Central bank, about his outlook. Lets get to the bloomberg first word news in new york city, here is viviana hurtado. Hi, viviana. Viviana francine, we begin with more data out of europe. Germanys economy is facing more pressure. Many factors are bring about the impact of the coronavirus outbreak. Is latest pmi is showing it still in contraction a ....
Apple introduced the 16 inch macbook pro, starting at 2400. Well rate its function and design. Disney was the big winner of the week, signing up 10 million customers in one day for its service. Despite technical glitches upon launch. Disney plus became available on tuesday in the u. S. And canada. The original goal was 90 million subscribers in five years. It is poised to reach that goal sooner. I got the latest from chris palmeri. To put this in perspective, hbo now, cbs all access, espn plus, a lot of these guys have been in business for a few years and none of them hit 10 million. Disney did it in a day. Go back to 1974, this is peak disney. Taylor we can see the technical glitches. We can shrug those off. That is what disney was saying. If we knew how many people were trying to sign up, we could not plan this. They had an incredible deal with Verizon Communications where 19 million customers could access the service fo ....
Return of the mac. Apple introduces its 16 inch macbook pro. Starting at 2400. We will rate its function and design. First, to our top story, its all about disney. They signed up 10 million customers in one day of launching their new streaming video platform. Disney plus just became available yesterday in the u. S. And canada. The strong initial interest could lead disney to hit its target at 60 million to 90 Million Worldwide subscribers for its new Service Two Years ahead of the original 2024 goal. To discuss, we are joined by chris palmeri. With the stock trading at a record high, how much more was 10 million than what we expected . Chris a lot more. Hbs now, cbs all access, espn plus, the World Wrestling network, a lot of these guys have been in business for a few years and none of them have hit 10 million. Di ....