The global stage. And we just heard minister come qanbar also, you know, taking that line with a biden and his administration starting in january. What does that mean for the e. U. . I think the e. U. Sees that also as an opportunity because they have a huge agenda of things that have not worked with the trumpet ministration on trade on technology that are no open for agreement. Its clear that theyre 1st looking at the low hanging fruit areas in Technology Cooperation for instance, that might be easier to get. But also in trade, when the tariffs that were punitive against European Companies might simply be now abolished. And one could be green again on deeper cooperation and a joint under the joint approach. When it comes to meeting china rises specially in the area of technology. Theres so much the europeans and the americans are going to do together, and they need to better forwards for their concerts, where they can talk to each other, but also a willingness to cooperate and to an u
Tempering expectations about the longawaited battery day. We will bring you the very latest. Any battery production will be difficult to scale. Drive tesla shares up over the last few months. Joining me now to break down the data is Abigail Doolittle in new york. Tesla was one of the ones you have been watching. Talk to us about the market rebound with tech overall. Had it earlier on, we higher, lower carmarthen higher, lower, fluctuating on high swings. What we saw at the end of yesterday, apple closed by 3 , it continued into today. The big tech names showed up once again after the selloff we saw this month. A lot of this seems to become a call selling seems to be technical selling. Correct by easily 20 , but it would be completely healthy. The chart supported that view. Correctiony had a on whether the pressure is to be seen. Lots of impressive stuff going on. That led the nasdaq 100 to the glenn 1. 9 on the day. It was not just apple. Declined 1. 9 on the day. It was not just apple
Headline, governor bailey with a negative two year yield. Francine there will be no money for my kid because as soon as i can, i will be spending it on childcare. I asked him whether negative rates was something he would consider. The change in tone between him and his predecessor is stark. Governor carney always saying absolutely not negative rates for this country. Andrew bailey who has been in charge for about two months, kept the door opened, saying probably not now but because of the severity of what we are facing he will not rule anything out. There is a change in tone on what they can and cannot do. Seeinge changes we are from tuesday into this wednesday, chairman powell with adam posen and the Pearson Institute at the Virtual Conference today, that will galvanize global wall street. Jack ablin here with us in a moment. Here is ritika gupta. Ritika we are waiting to see if Jerome Powell gives anything up about what he will do next. He may call for congress to do more to combat t
Retail certificate going to zero not every biotech will keep growing every day. Thats the way it feels on a gay when oil imploded. The stock market got slammed because of it. Dow losing 592 points. S p sinking 1. 79 , why, of course its got a lot of tech and biotech. I dont blame a soul for being confused here. Buy, buy, buy a. Sell, sell, sell. The situation is, confusing were in Uncharted Waters now. It doesnt lend itself to easy explanation. We have to take them one at a time because some of these are so extreme they almost feel like science fiction. Like the price of oil falling to negative 37 and change today. Yeah, thats right you heard me, negative 37, minus sign lets start with oil as that meltdown was terrifying to watch. At dawn crude was a buck and a half, little below 20, seemed okay by the time the stock market opened it was down to 11, negative whoever owned the oil last had to pay someone else to take it off their hands. Next thing you know it was negative 10, negative 2
Figure out. At a permanent level i make decisions every day. Bought this car a while back. Its a hybrid. But i tell you i have no idea if the co2 i get from the 70 miles per gallon as a benefit to all of us,out weighs the cost of creating the car and the potential pollution impact of the battery after it gets stored. And maybe if we hadnt done that battery, we would explore new technologieses that have less of an impact. Was it go for me to buy the car . I dont know. This is my mom. I bought her that scarf of christmas. If bought they scarf 100 years ago, fine, no problem. Today, i dont know if that scarf was made in a sweatshop using cotton that had pesticides greg on it, and there were huge amounts of co2 as the scarf traveled from a long way away to the place where i bought it. My choices have actions at a distance and i have no idea what those impacts will be. Thats what im talking about today. You have a new super power. Its not all negative. The choices you make have Ripple Effec